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in DirecTV, Donald Trump, ElectionLine, FCC, News, Nexstar, Nexstar-Tegna Deal, Politics, TegnaNexstar 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
