California judge blocks Nexstar-Tegna $6B TV merger, delaying antitrust showdown
TL;DR Summary
A federal judge issued a preliminary injunction blocking Nexstar’s $6 billion bid to acquire Tegna, keeping Tegna as a separate, independently managed unit while an antitrust lawsuit unfolds. The ruling, citing likely success by DirecTV and eight state attorneys general in blocking the deal, would prevent Nexstar from becoming the nation’s largest TV-station owner until the case is resolved.
Topics:top-news#antitrust-regulation#business#government-regulations#legal-proceedings#media-and-entertainment-industry#mergers-and-acquisitions
- Federal judge in California blocks $6 billion Nexstar-Tegna TV merger The Washington Post
- Judge halts local TV giant Nexstar's takeover of rival Tegna until trial NPR
- Federal judge blocks Nexstar-Tegna TV station merger until antitrust lawsuit is settled AP News
- Federal judge blocks politically fraught TV station merger CNN
- Federal Court Temporarily Freezes Nexstar’s Merger With Tegna The New York Times
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