Eight states sue to block Nexstar's plan to acquire rival Tegna
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California Attorney General Rob Bonta said the proposed merger was illegal and would lead to higher pay-TV prices and reduce jobs.
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In this article NXST TGNA Follow your favorite stocks CREATE FREE ACCOUNT Nexstar & apos's national cable NewsNation studio is shown in Chicago. Abel Uribe | Chicago Tribune | Tribune News Service | Getty Images A group of eight states filed suit late Wednesday in U.S. District Court in California to block Nexstar's proposed $3.54 billion acquisition of Tegna , which would make the combined entity the largest U.S. broadcast station group. California Attorney General Rob Bonta said the proposed merger was illegal and would lead to higher pay-TV prices and reduce jobs. "When broadcast media is owned by a handful of companies, we get fewer voices, less competition, and communities lose the critical check on power that local journalism delivers," Bonta said. Last month, Federal Communications Commission Chair Brendan Carr said he supported the deal and would be moving forward to approve it after President Donald Trump publicly backed the merger. Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news. Subscribe to CNBC PRO Subscribe to Investing Club Licensing & Reprints CNBC Councils Select Personal Finance Join the CNBC Panel Closed Captioning Digital Products News Releases Internships Corrections About CNBC Site Map Podcasts Careers Help Contact News Tips Got a confidential news tip? We want to hear from you. Get In Touch CNBC Newsletters Sign up for free newsletters and get more CNBC delivered to your inbox Sign Up Now Get this delivered to your inbox, and more info about our products and services. Advertise With Us Please Contact Us Ad Choices Privacy Policy Your Privacy Choices CA Notice Terms of Service © 2026 Versant Media, LLC. All Rights Reserved. A Versant Media Company. Data is a real-time snapshot *Data is delayed at least 15 minutes. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. Market Data Terms of Use and Disclaimers Data also provided by
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