Federal judge blocks Nexstar-Tegna TV station merger until antitrust lawsuit is settled
AP News
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A federal judge has blocked the $6.2 billion merger between local television giants Nexstar Media Group and Tegna until an antitrust lawsuit is resolved.
The merger would create a company owning 265 TV stations across 44 states.
On Friday, U.S. District Court Chief Judge Troy L. Nunley issued an order halting the deal.
Attorneys general in eight states and DirecTV sued to stop the merger, arguing it could raise consumer prices and harm local journalism.
Nexstar’s attorneys say the deal has already been vetted and approved by the Federal Communications Commission and the Department of Justice.
- Federal court temporarily freezes Nexstar’s merger with Tegna Boston Globe —
- Judge Halts Nexstar-Tegna TV Station Merger Wall Street Journal —
- Judge Issues Preliminary Injunction Against Nexstar-Tegna Takeover, Orders Nexstar to Halt Integration Plans Variety —
- Federal Court Temporarily Freezes Nexstar’s Merger With Tegna The New York Times —
- Federal judge blocks Nexstar-Tegna TV station merger until antitrust lawsuit is settled The Independent —