Judge orders Nexstar-Tegna to pause merger
A U.S. district judge on Friday issued a preliminary injunction requiring Nexstar and Tegna to remain separate, despite closing their $6.2 billion megamerger last month. Why it matters: The ruling significantly dampens the consolidation outlook for the entire local broadcast industry. Zoom in: In a lengthy decision, District Judge Troy Nunley said the court agrees…
Read MoreFederal judge blocks Nexstar-Tegna merger until antitrust lawsuit is resolved
Nexstar’s attorneys say the deal has already been vetted and approved by the Federal Communications Commission and the Department of Justice.
Read MoreJudge Issues Preliminary Injunction Against Nexstar-Tegna Takeover, Orders Nexstar to Halt Integration Plans
A federal judge in Sacramento has issued a preliminary injunction against Nexstar’s acquisition of Tegna TV stations as part of DirecTV’s lawsuit to block the merger of TV station groups. U.S. District Court Judge Troy Nunley of California’s Eastern District issued the 52-page ruling late Friday, siding with DirecTV’s argument that allowing Nexstar to move…
Read More