Eight States Sue to Block Nexstar’s $6.2 Billion Deal for Tegna, Which Is Supported by Trump: ‘This Merger Is Illegal, Plain and Simple,’ California AG Says

Eight States Sue to Block Nexstar’s $6.2 Billion Deal for Tegna, Which Is Supported by Trump: ‘This Merger Is Illegal, Plain and Simple,’ California AG Says

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 in communities nationwide. Nexstar is the U.S.’s biggest local TV […]

By Todd Spangler