Eight States Sue to Block Nexstar and Tegna Merger After FCC Approves $6.2 Billion Acquisition

Nexstar Media Group completed its $6.2 billion acquisition of Tegna after receiving clearance from the Federal Communications Commission and the US Justice Department.The deal creates the largest television station owner in the US, with Nexstar now operating 265 stations across 40 states and the District of Columbia.Hours before the deal was finalized, a coalition of eight state attorneys general led by California Attorney General Rob Bonta filed a lawsuit to block the transaction.The legal challenge, joined by New York, Colorado, Illinois, Oregon, North Carolina, Connecticut, and Virginia, alleges that the merger violates the Clayton Act by creating a monopoly.
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