Judge Halts Nexstar-Tegna Merger, Ruling That Deal Is ‘Presumed Likely to Violate Antitrust Laws’
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Nexstar’s $6.2 billion acquisition of rival TV station group owner Tegna is on hold after a federal judge ruled that the proposed merger “is presumed likely to violate antitrust laws based on the combined firm market share alone.” The deal would augment Nexstar, already the biggest TV station group in the U.S., with Tegna’s footprint […]
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Nexstar’s $6.2 billion acquisition of rival TV station group owner Tegna is on hold after a federal judge ruled that the proposed merger “is presumed likely to violate antitrust laws based on the combined firm market share alone.” The deal would augment Nexstar, already the biggest TV station group in the U.S., with Tegna’s footprint […]
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