States Sue to Block Nexstar-TEGNA Merger
Portland Maine News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
California and seven other states file lawsuit to block Nexstars $6.2 billion purchase of TEGNA, citing antitrust concerns. The merger could drive up pay-TV bills, cut jobs, and reduce competition for local news. Nexstar and TEGNA argue it would boost news coverage, improve online services, and open more ad spots for businesses. The deal needs rule changes as federal limits cap one companys TV reach at 39% of U.S. homes. Nexstar already runs or partners with over 200 stations, while TEGNA has 64 stations. Four state attorneys general plan a news briefing as regulators consider the merger.
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