Judge Grants Temporary Restraining Order Pausing Nexstar's Acquisition of TEGNA
Judge Nunley blocks Nexstar-Tegna merger citing antitrust risks including reduced local competition, potential job losses, and higher retransmission fees affecting 80% of U.S. TV households.
9 Articles
9 Articles
US judge orders Nexstar to hold Tegna separate pending review
WASHINGTON, March 27 : A U.S. judge late on Friday ordered Nexstar to temporarily keep Tegna's assets separate pending a review of whether the broadcast station owner's $3.54 billion acquisition of its rival Tegna violates federal antitrust laws.The companies quickly closed the deal after the Justice Departme
Nexstar Defends Gobbling up Tegna
Nexstar has filed a vigorous opposition to a multi-state lawsuit seeking to halt its $6.2 billion acquisition of Tegna, arguing that a temporary restraining order would cause irreparable operational and financial damage to a deal already sanctioned by federal regulators. In its filing with the U.S. District Court for the Eastern District of California, Nexstar maintains that blocking the integration of the two companies would create market confu…
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