Nexstar to Appeal Federal Judge's Ruling Blocking Tegna Merger
Nexstar Media Group (NXST) announced it will appeal a federal judge's decision to block its $3.54 billion merger with Tegna Inc. (TGNA), citing antitrust concerns. The merger, which would create the largest broadcast station group in the U.S., was halted by a preliminary injunction, though the deal remains in place. The ruling comes amid opposition from DirecTV and eight states, including California and New York.
Tickers: $TGNA
Topics: antitrust competition law federal court merger Nexstar Tegna