Nexstar and Tegna’s Local TV Megamerger Challenged by Eight States

Nexstar and Tegna’s Local TV Megamerger Challenged by Eight States

California, New York and other states led by Democratic prosecutors argue that the $6.2 billion deal would cement Nexstar's control over local TV in violation of antitrust laws. The FCC has endorsed the deal, though its authority to raise ownership cap rules remains unclear.

By Winston Cho