All articles tagged with #tegna
A bipartisan group of state attorneys general led by California joined with Indiana, Kansas, Massachusetts, Pennsylvania and Vermont to expand a federal antitrust lawsuit aimed at blocking Nexstar’s $6.2 billion merger with Tegna. The 13-state suit argues the deal would curb competition, raise prices, and consolidate control over local news; a federal judge has already paused the merger as the case moves forward.
Nexstar CEO Perry Sook criticized DirecTV for opposing Nexstar’s $6.2 billion Tegna merger, arguing the broadcast market isn’t a one‑company field and noting DirecTV’s history of pressuring partners. He contends two or three companies will eventually control most of local TV, a view shaped by the Tegna deal and ongoing legal battles after a judge blocked the merger; Sook spoke in a 1‑on‑1 at the NAB Show, saying Nexstar will vigorously pursue its case on appeal to the Ninth Circuit as the timeline remains out of its control.
A U.S. district judge granted a preliminary injunction blocking Nexstar's $6.2 billion takeover of Tegna, citing potential irreparable harm and likely reduced competition; Nexstar must keep Tegna as a separately managed unit and cannot consolidate stations while the case proceeds. Nexstar plans to appeal; the injunction takes effect at 5 p.m. PT on April 21, amid ongoing debates over FCC broadcasting caps and related regulatory actions (DOJ antitrust probe previously concluded; license transfers approved).
A federal judge issued a preliminary injunction blocking the $6.2 billion Nexstar-Tegna merger, ordering the two companies to operate separately as litigation proceeds, citing reduced competition and the risk of higher retransmission fees and more broadcast blackouts for viewers, including live sports on over-the-air networks.
A federal judge in California issued a preliminary injunction blocking Nexstar's planned acquisition of Tegna, halting the TV-station merger amid antitrust concerns; the ruling, described as “presumed likely to violate antitrust laws,” is a win for state attorneys general and DirecTV in their antitrust challenges, and Nexstar vowed to appeal to the Ninth Circuit while the deal remains frozen pending trial.
A federal judge granted a preliminary injunction halting Nexstar Media Group's $6.2 billion merger with Tegna to preserve competition while antitrust litigation continues, effectively freezing the deal and extending the TRO through April 21, 2026. Nexstar plans to appeal to the Ninth Circuit, while DirecTV and several states challenge the transaction that had FCC approval; California AG Rob Bonta hailed the ruling as consumer-protective in the broader push to scrutinize mega-media deals.
A judge granted a seven-day extension to the restraining order tied to Nexstar’s proposed merger with Tegna, giving more time for the case while the deal proceeds; a correction note updates the spelling of Nexstar CEO Perry Sook’s name to Sook.
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.
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.
A federal judge issued a temporary restraining order blocking Nexstar’s $6.2 billion merger with Tegna, sending Nexstar’s stock down about 13% as investors fear a lengthy delay; the ruling, backed by DirecTV and several states over antitrust concerns, sets a hearing for April 7 and complicates the FCC waiver that had cleared the deal, potentially delaying or reshaping the transaction with implications for both companies’ shareholders.
A U.S. district judge issued a temporary restraining order blocking the integration of Nexstar and Tegna, citing potential reduced competition and harm to consumers. The order requires hold-separate management, keeping Tegna independent in decisions over retransmission negotiations, newsroom staffing, and operations, while the case proceeds. The FCC had allowed the deal to exceed the 39% national ownership cap via a waiver, spurring further challenges from DirecTV, state attorneys general, and consumer groups. Nexstar must respond by April 1, and a hearing on a possible preliminary injunction is scheduled for April 7.
A federal judge issued a 14-day temporary restraining order blocking Nexstar’s $6.2 billion acquisition of Tegna, delaying the merger and barring integration until an April 7 hearing amid DirecTV’s lawsuit alleging reduced competition and higher distributor prices; eight states have joined lawsuits, and the FCC has approved the deal despite opposition and Trump’s prior support.
A federal judge granted a temporary restraining order to pause Nexstar’s planned merger with Tegna amid antitrust concerns raised by DirecTV and several states; the 14-day halt blocks integration, a preliminary injunction hearing is set for April 7, and Tegna must operate as a separate, independently managed unit pending further review.
Nexstar’s $6.2B acquisition of Tegna has closed, allowing Nexstar to own Denver’s 9News and Fox31 under a waiver that enables three-station ownership; the consolidation is expected to drive newsroom integration and cost-cutting, with fears of significant Denver layoffs and reduced local reporting, while antitrust lawsuits and federal approvals shape the path forward and raise questions about Kyle Clark’s role and community outreach.
Eight states asked a federal judge for a temporary restraining order to halt Nexstar Media Group's $3.5 billion merger with Tegna, arguing the FCC and DOJ approval, followed by a quick closing, would consolidate control, reduce local news, cut jobs, raise cable bills, and allow the merged group to elevate pay-TV fees and erase separate local news operations in some markets. If not blocked, the deal would expand Nexstar’s reach to about 80% of US TV households, aided by an FCC waiver; Judge Troy Nunley will review the request. The merger has drawn bipartisan scrutiny and concerns about concentration of media power, with Nexstar and Tegna as major local-television players (Nexstar >200 stations; Tegna 64 stations in 51 markets).