Judge Signals Potential Block of Nexstar-Tegna TV Merger
A federal judge in Sacramento signaled he could block Nexstar’s $6.2 billion takeover of Tegna, potentially halting a deal that would give Nexstar control of 265 stations and about 80% of U.S. households. State attorneys general and DirecTV warn the merger would lessen competition and harm local journalism and could raise prices; Nexstar argues the deal would strengthen local news economics. A preliminary injunction order is expected soon, and Tegna would continue operating independently if blocked.
