Judge's order puts plan to merge Tegna and Nexstar on hold

Federal judge temporarily halts Nexstar-Tegna merger

(NBC, KYMA) - A federal judge temporarily halted the $6.2 billion Nexstar-Tegna merger, which would have created the largest U.S. local TV station operator. Chief U.S. District Judge Troy Nunley ordered the companies to keep assets separate pending an antitrust review, following a lawsuit by DirecTV. Judge Nunley, according to NBC News, issued a 14-day temporary restraining order, and a hearing is set for April 7. The deal had closed March 19 wi…

Senators Question FCC Chairman Over Approval Of Nexstar-Tegna Merger

The leaders of the Senate committee that oversees the FCC are questioning how the agency gave approval to the Nexstar-Tegna transaction, the massive broadcast station merger that already has been paused by a federal court. Sen. Ted Cruz (R-TX) and Sen. Maria Cantwell (D-WA), the chair and ranking member of the Senate Commerce Committee, wrote […]

Judge's order puts plan to merge Tegna and Nexstar on hold

This is what I'm thinking: Not so fast, Nexstar and Tegna. That was the result of U.S. District Judge Troy L. Nunley in California, who granted a 14-day temporary restraining order against the $6.2 billion merger between the companies that…

US senators question FCC chief over Nexstar-Tegna deal, Bloomberg News reports

March 30 (Reuters) – The ranking members of the U.S. Senate Commerce Committee questioned the Federal Communications Commission Chair ​Brendan Carr and criticized his ‌approval of Nexstar’s merger with Tegna without a vote from the full commission, Bloomberg News reported on Monday. Here are some details: (Reporting by Gnaneshwar Rajan in Bengaluru; Editing by Sonali Paul and ​Thomas Derpinghaus)

Nexstar stock drops after judge blocks TEGNA deal

The television studios of KXTV, the Sacramento ABC affiliate owned by TEGNA. (Photo by Matthew Keys for The Desk) Shares of Nexstar Media Group traded sharply lower on Monday, the first full day of trading since a federal judge blocked the broadcaster’s $6.2 billion acquisition of peer TEGNA late last week. Nexstar’s stock priced closed at just over $185 per share, down nearly $28 from its opening price. The broadcaster is considered among the h…

Nexstar Tells Stations to Cut NBC News Channel

Nexstar sources tell FTVLive that before the federal judge paused the Nexstar Tegna merger, Tegna NBC affiliates were told that starting today (March 31) it would be the last day using the affiliate service and that no more using reporters, packages, or even taking live special reports.Now with the TRO in place, Nexstar has backed off the orders to the Tegna station. Nexstar told the NBC affiliates that they would instead use News Nation moving …