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A federal judge has blocked Nexstar Media Group’s $6.2-billion acquisition of its rival.
A federal judge has issued a preliminary injunction blocking Nexstar's $6.2-billion acquisition of Tegna.
KEY POINTS
- Nexstar must maintain Tegna as an economically viable, independently managed competitor per the court's order.
- The merger proceeded after federal antitrust review was dropped but before state lawsuits were resolved.
- DirecTV and state attorneys argue the Nexstar-Tegna deal could raise consumer prices and diminish local news.
- FCC approval for the merger was granted by staff, not the full commission, drawing bipartisan Senate concern.
COMPANIES
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