US EditionDemocratic AGs Seek Pause on Acquisition of 9NEWS Owner TEGNA by FOX31 Parent Nexstar
California AG Rob Bonta and seven other state attorneys general seek emergency court order to block Nexstar's $6.2 billion Tegna acquisition citing antitrust and price concerns.
- On Friday, California and seven other states filed an emergency motion in Sacramento seeking a temporary restraining order to stop Nexstar's merger with Tegna, pending a hearing.
- The attorneys general say the suit targets legal and ownership-rule breaches, arguing the merger violates federal antitrust law and broadcast limits after the FCC waived the 39% cap, filings show a 54.5% combined reach.
- Nexstar has said it will divest six stations as part of the transaction, including MyTV affiliate KTVD in Denver, while now controlling 265 television stations.
- Thursday night, Nexstar said it had secured regulator approvals from the Federal Communications Commission and the U.S. Department of Justice and closed the $6.2 billion deal, though the attorneys general argue the DOJ ended its antitrust probe via "early termination" shortly after their lawsuit.
- The motion also prepares to challenge the Federal Communications Commission's waiver of the ownership cap, warning consolidation would cut local newsrooms, raise cable prices, and irreversibly harm consumers.
12 Articles
12 Articles
Nexstar-Tegna Deal: Eight States File Emergency Motion to Halt ‘Disastrous’ Merger of Local TV Broadcasters
After Nexstar declared that its $6.2 billion takeover of Tegna had closed, eight state attorneys general seeking to block the merger filed a motion for a temporary restraining order to halt the merger from going forward.
States ask federal court to issue restraining order blocking Nexstar-TEGNA deal
A behind-the-scenes look at a news set used by TEGNA-owned KXTV. (Still frame via KXTV promotional video) California and several other states have filed a request for an emergency restraining order that seeks to prevent Nexstar Media Group from moving forward with its acquisition of TEGNA. The request was filed in a federal courtroom in Sacramento, through which California Attorney General Rob Bonta and other state attorneys general complained t…
California And Other States Seek Order To Stop Nexstar-Tegna Merger
A day after Nexstar said that it had closed its deal to buy Tegna, creating a broadcasting giant, California and seven other states filed an emergency motion to stop it. The motion for a temporary restraining order was filed Friday in Sacramento, seeking court action to halt integration and consolidation of the two companies. California […]
8 states file emergency motion to block Nexstar-Tegna merger after FCC approval
California and seven other states filed an emergency motion on Friday to stop the merger of broadcasting companies Nexstar and Tegna, a corporate tie-up that would create the country’s largest operator of local television stations
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