Eight US states ask judge to temporarily stop $3.5bn Nexstar and Tegna merger
States argue deal would create largest broadcast station group in US, cut jobs and increase consumers’ cable billsEight states asked a US judge on Friday to issue a temporary restraining order to stop a $3.5bn merger of Nexstar Media Group and Tegna.On Thursday, the local broadcast station owners received merger approval from the Federal Communications Commission (FCC) and the US Department of Justice and said they had closed the transaction two hours after approval, the day after the states filed their lawsuit. Continue reading...
States argue deal would create largest broadcast station group in US, cut jobs and increase consumers’ cable bills
Eight states asked a US judge on Friday to issue a temporary restraining order to stop a $3.5bn merger of Nexstar Media Group and Tegna.
On Thursday, the local broadcast station owners received merger approval from the Federal Communications Commission (FCC) and the US Department of Justice and said they had closed the transaction two hours after approval, the day after the states filed their lawsuit. Continue reading...
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