Eight States Sue to Block Nexstar and Tegna Merger Following Federal Media Ownership Limit Waivers

A coalition of eight states filed an emergency motion to block the 6.2 billion dollar merger between Nexstar and Tegna after federal regulators approved the deal.The acquisition creates the largest US television broadcaster by granting a waiver to exceed the legal 39 percent audience reach limit.State officials and DirecTV argue the consolidation will increase consumer costs and harm local news diversity while Perry Sook claims the move preserves journalism.
Published:1h
Timeline
1h21h
Tags
Read more
Discuss