More States Join Legal Challenge to Nexstar and Tegna Merger
Five additional U.S. states have joined an antitrust lawsuit challenging Nexstar's $6.2 billion acquisition of Tegna, following a court ruling that temporarily blocked the merger. The lawsuit argues the deal would reduce competition in local TV markets, while Nexstar claims the real issues facing local journalism are unrelated to the merger. Ohio's attorney general reached a separate agreement with Nexstar to preserve local news operations.
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Topics: antitrust legal challenge media consolidation merger regulatory action