#Tegna

From Deadline RSS Feed: The Fog Of More: Nexstar’s Efforts To Bulk Up Run Into Legal, Regulatory And Wall Street Uncertainty

From Variety RSS Feed: Nexstar CEO Lays Out Next Steps in Legal Fight Over Tegna Deal, Including ‘Complete Laundry List of All Threatened and Pending Litigation That We’re Aware Of’

Nexstar CEO Perry Sook said the the company's effort to fend off a legal challenge to its $6.2 billion merger with rival Tegna is "a fight worth having."

Indiana, Kansas, Massachusetts, Pennsylvania and Vermont have teamed with eight other states in an antitrust suit aimed at blocking the Nexstar-Tegna deal.

The ruling significantly dampens the consolidation outlook for the entire local broadcast industry.

A California federal judge halted Nexstar's $6.2 billion Tegna merger via preliminary injunction amid antitrust suits from states and DirecTV, citing likely Clayton Act breaches and consumer harm.…

An expert on competition policy says the antitrust system has become a political tool.

The FCC waived ownership limits as the DOJ signed off, even as eight states sued to block the merger

The FCC approved the deal less than a day after eight state attorneys general sued to block it. The combined entity would become the nation’s largest operator of local TV stations.

The FCC announced Thursday that it had approved the $6.2 billion merger of major broadcast station owners Nexstar and Tegna.

Nexstar's acquisition of Tegna would bring together two companies with significant holdings in local broadcast media.

Irving, Texas-based Nexstar will pay $22 in cash for each share of Tegna's outstanding stock.