Nexstar-Tegna merger blocked

U.S. District Judge Troy Nunley issued a preliminary injunction, citing concerns that the combination would create a monopoly in several media markets.

Nexstar's attorneys argued that the deal had already been vetted by the FCC and the DOJ, but the judge ruled that the operations must remain separate until the lawsuit is resolved.

Critics of the merger believe it would lead to higher prices for cable providers and reduced competition for local news.

The case is expected to have significant implications for the future of the American broadcast industry.