Nexstar-Tegna Merger Blocked Until Antitrust Lawsuit Is Settled

Judge temporarily blocks Nexstar's $6.2B Tegna deal

A preliminary injunction issued by Judge Troy Nunley of the U.S. District Court for the Eastern District of California will hold until a complaint from eight state attorneys general and DirecTV is resolved. The action comes after Nexstar and Tegna closed their $6.2 billion deal a month ago. Read on to learn more.

Nexstar-Tegna merger blocked until antitrust lawsuit is settled

(NBC, KYMA) - A major media merger, involving Nexstar and Tegna, has been halted by a federal judge in California while an antitrust lawsuit works its way through the courts. The merger involves Nexstar's efforts to acquire Tegna-owned television affiliates across the country in a $6.2 billion deal that would consolidate a large number of local affiliates under one ownership group. Eight attorneys general, including California Attorney General R…

Nexstar/Tegna halted following “unusual” federal review

DirecTV and eight states presented “ample” proof that Nexstar/Tegna will harm consumers, a California federal court ruled while placing little stock in the federal government’s approval of the transaction. 

Federal Judge Halts Nexstar-Tegna Merger that Threatens 9News

We’ve been sounding the alarm since last August about a proposal by conservative television giant Nexstar Media Group to purchase Tegna, which would imperil the very existence of the Denver Metro area’s most popular news station for the last 50 years. Tegna owns 64 local news stations across the United States, including 9News in Colorado. […]