California Attorney General Rob Bonta said the proposed merger was illegal and would lead to higher pay-TV prices and reduce jobs.
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A group of eight states filed suit late Wednesday in U.S. District Court in California to block Nexstar’s
proposed $3.54 billion acquisition of Tegna
, which would make the combined entity the largest U.S. broadcast station group.
California Attorney General Rob Bonta said the proposed merger was illegal and would lead to higher pay-TV prices and reduce jobs.
Nexstar will appeal a judge's ruling halting its acquisition of rival broadcaster Tegna, as antitrust challenges from DirecTV…
A judge has temporarily blocked the merger of Nexstar and Tegna, which would create a company that controls 260 television…
The FCC approved the sale of Tegna and its television stations to Nexstar, which will now have a media footprint that reaches 60%…
Nexstar has closed its $6.2 billion acquisition of Tegna after winning approval from the Federal Communications Commission and…
Critics fear the consolidation will add to strains facing local news and degrade coverage.
Defendants must immediately cease" actions to integrate and consolidate the firms.
