More states join legal challenge to Nexstar, Tegna merger


By Daniel Wiessner

April 30 (Reuters) – Five more U.S. states are joining an antitrust lawsuit challenging Nexstar’s acquisition of ‌rival broadcaster Tegna after a judge temporarily blocked ‌the deal from proceeding, California’s attorney general said on Thursday.

Attorney General Rob ​Bonta, a Democrat whose office joined seven other states in suing over the $6.2 billion deal in March, said Massachusetts, Vermont, and his Republican counterparts in Indiana, Kansas, and Pennsylvania were joining ‌the case.

The states’ attorneys ⁠general did not immediately respond to requests for comment.

U.S. District Judge Troy Nunley in Sacramento said ⁠in an April 17 ruling that the plaintiffs were likely to succeed on their claims that the deal will substantially lessen ​competition ​in dozens of local television ​markets.

The court’s order bars Nexstar ‌from consolidating its operations with Tegna pending further litigation, but does not unwind the transaction.

The deal quickly closed after the Justice Department and the Federal Communications Commission approved it on March 19, which Nexstar noted in a statement announcing its ‌appeal of Nunley’s decision.

The deal would ​create the largest broadcast station group ​in the U.S., ​reaching 80% of U.S. households. The states have ‌argued that the deal would ​result in lost ​jobs, increased cable bills and “significantly impact the delivery of news and other media content to Americans nationwide.”

Nexstar has ​said its deal ‌with Tegna will strengthen local stations and support investment ​in local journalism.

(Reporting by Daniel Wiessner in Albany, New ​York; Editing by Muralikumar Anantharaman)



Source link

  • Related Posts

    Minister says B.C. expects billions from feds for forestry if U.S. talks fail

    VICTORIA — British Columbia’s forests minister says he expects billions in additional federal support for the timber sector if future trade talks with the United States don’t benefit the softwood…

    Britney Spears charged in DUI case

    Britney Spears charged in DUI case Source link

    Leave a Reply

    Your email address will not be published. Required fields are marked *

    You Missed

    Kelowna business hit hard amid an increase in dumpster fires – Okanagan

    Kelowna business hit hard amid an increase in dumpster fires – Okanagan

    US falls below Ukraine in press freedom as global autocracy takes hold

    US falls below Ukraine in press freedom as global autocracy takes hold

    Minister says B.C. expects billions from feds for forestry if U.S. talks fail

    Minister says B.C. expects billions from feds for forestry if U.S. talks fail

    This Camisole Top Trend Will Take Over 2026

    This Camisole Top Trend Will Take Over 2026

    Martha’s rule may have saved more than 500 lives in England since 2024 | NHS

    Martha’s rule may have saved more than 500 lives in England since 2024 | NHS

    Why the Hawks still have promising future despite ugly end to season vs. Knicks

    Why the Hawks still have promising future despite ugly end to season vs. Knicks