Nexstar seeks $150M bond from states to cover costs if Tegna merger stalls
Nexstar asked a California federal court to force DirecTV and several states, including Colorado, to post a $150 million bond to cover losses if its $6.2 billion merger with Tegna is delayed by an antitrust lawsuit; the judge is weighing whether to extend a temporary injunction on the deal while concerns about reduced competition and impact on local journalism are debated, and Nexstar argues the bond would offset anticipated costs, though the exact amount was not intended for public release.
