FCC approves Nexstar's $6.2 billion merger with Tegna
Headline from KYMA Yuma, on the newest of 2 developments
The Thursday announcement from the FCC comes less than a day after eight state attorneys general sued to block it, with the lawsuit claiming the merger violates federal antitrust law.
KYMA Yuma's own description from its feed. We collect headlines and these descriptions, not full articles; read the original reporting below.
Developments in this update
2 dated developments, oldest first, newest marked. Each is named by one outlet's own headline; open its reports to see every outlet that covered it.
8 states, including California and New York, sue to block $6.2B Nexstar-Tegna merger
Headline from NBC10 Philadelphia ·
Newest
FCC approves Nexstar's $6.2 billion merger with Tegna
Nexstar Media's proposed $6.2 billion takeover of local TV station rival Tegna is being challenged in court by eight state attorneys general, who argue that the merger represents an illegal consolidation of broadcasters that would raise prices for pay-TV customers and "degrade" local news coverage i…
California and six other states filed suit to block Nexstar's merger with Tegna, a transaction that will create a broadcast station giant. The $6.2 billion transaction would give the combined company 265 stations covering 80% of the country.
DirecTV filed a federal antitrust alleging that the proposed $6.2 billion Nexstar Media deal to buy rival Tegna violates the federal antitrust laws — and would significantly harm consumers.
Nexstar Media Group said it "has closed its acquisition" of Tegna in a $6.2 billion deal that would following approval of the transaction from the FCC and the Department of Justice. The deal would augment Nexstar, already the biggest TV station group in the U.S.
The Thursday announcement from the FCC comes less than a day after eight state attorneys general sued to block it, with the lawsuit claiming the merger violates federal antitrust law.
The FCC has approved the sale of Tegna television stations to rival Nexstar Media Group Thursday. The deal would create a company that owns 265 television stations in 44 states.
