Nexstar-Tegna Deal
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in DirecTV, ElectionLine, FCC, Legal, News, Nexstar, Nexstar-Tegna Deal, Politics, Rob Bonta, TegnaNexstar-Tengna Merger Frozen As Antitrust Battle Continues; CA AG Says “This Merger Is Illegal, Plain & Simple”
A federal judge just put a halt to Nexstar‘s proposed $6.2 billion merger with Tegna, putting in doubt the combination of the companies to create a broadcast station giant – at least for now U.S. District Judge Troy Nunley issued a preliminary injunction, concluding that the transaction would diminish competition in violation of antitrust laws. […] More
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Judge Eases Some Provisions Of His Order Blocking Nexstar-Tegna Merger
A federal judge eased some of the restrictions on his order that at least temporarily blocked Nexstar‘s merger with Tegna, but he also extended the freeze on the transaction for another week. U.S. District Judge Troy Nunley will allow Nexstar to conduct debt service and repayment obligations, comply with Securities and Exchange Commission reporting requirements, […] More
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in DirecTV, Donald Trump, ElectionLine, FCC, News, Nexstar, Nexstar-Tegna Deal, Politics, Tegna
Nexstar Tells Judge Aspects Of Tegna Merger “Cannot Be Reversed”
Nexstar weighed in for the first time on a judge’s order that halted its merger with Tegna, warning the court that it will have difficulty fully complying because certain aspects of the closed transaction “cannot be reversed.” U.S. District Judge Troy Nunley granted a temporary restraining order to DirecTV on Friday, ruling that it was […] More
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in antitrust, FCC, mergers and acquisitions, News, Nexstar, Nexstar-Tegna Deal, Tegna, U.S. Department of Justice
Nexstar Stock Drops Sharply After Judge Puts Brakes On Tegna Merger
UPDATED with closing price. Nexstar stock fell 13% Monday, reflecting investor angst over a federal judge’s decision temporarily blocking the company’s merger with Tegna. The drop is a stunner for the shares, which have been among the steadiest in the media sector. Over the past five years, they have risen by 94%. In a single […] More
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in ElectionLine, FCC, News, Nexstar, Nexstar-Tegna Deal, Politics, Tegna
Judge Pauses Nexstar-Tegna Merger, Granting Restraining Order
A federal judge on Friday evening granted a temporary restraining order to halt Nexstar‘s merger with Tegna, a transaction that creates a broadcasting giant with almost 260 stations across the country. U.S. District Judge Troy Nunley sided with DirecTV, which is seeking to block the merger on the claim that it violates antitrust laws. A […] More
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in Brendan Carr, Donald Trump, ElectionLine, FCC, Gavin Newsom, Jimmy Kimmel, News, Nexstar, Nexstar-Tegna Deal, Tegna
FCC Chairman And Gavin Newsom Clash Over Nexstar-Tegna Merger
The Nexstar–Tegna merger is being challenged in the courts on a number of fronts, but in the meantime it’s the source of a political clash between California Governor Gavin Newsom and FCC Chairman Brendan Carr. The merger, which would create a broadcast giant of nearly 260 stations across the country, got clearance from the FCC […] More
