The expected merger of television media companies Nextar and Tegna won’t happen after U.S. District Court Chief Judge Troy Nunley ended the deal, claiming the legal challenges by eight U.S. State Attorney Generals and DirecTV were likely to succeed.
Judge blocks $6.2bn merger of local TV giants Nexstar and Tegna amid fears of monopoly – The Independent
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EXCERPT:
A federal judge has halted the proposed $6.2 billion merger between local television giants Nexstar Media Group and rival Tegna, pending the resolution of an antitrust lawsuit.
U.S. District Court Chief Judge Troy L Nunley issued the ruling late on Friday, concluding that eight attorneys general and DirecTV were likely to succeed in their legal challenge to prevent the deal.
The acquisition, initially announced in 2025 and approved by the Federal Communications Commission in February, would have resulted in a single company owning 265 television stations across 44 states and the District of Columbia.