Nexstar Decries $6.2B Tegna Deal Being Blocked By Judge, Vows Appeal

Thwarted on Friday in what looked to be a Donald Trump-approved $6.2 billion local station mega-deal to merge with Tegna, Nexstar is vowing to march forward in the courts. At the same time, New York Attorney General Letitia James, one of the leading advocates to stop the Nexstar-Tegna combo, is promising to continue to work to keep the merger from becoming a reality.

“This transaction closed more than four weeks ago following receipt of all required regulatory approvals from the Federal Communications Commission and the U.S. Department of Justice,” the company declared this evening after a federal judge issued a preliminary injunction blocking the March 19 deal greenlighted by Trump’s FCC. Everything is on hold now until an antitrust trial concludes. “Nexstar Media Group now owns Tegna and has taken steps consistent with the Court order that has been in effect.”

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