Nexstar Says Federal Judge’s Freezing Of Tegna Merger “Degrades The Very Assets It Purports To Protect”

Nexstar has fired back at a lawsuit filed by DirecTV and attorneys general of several states aiming to derail the local TV giant’s $6.2 billion merger with rival Tegna.

In a request for an expedited appeal filed with the Ninth Circuit on Wednesday evening, the company called a federal judge’s preliminary injunction in April that froze the deal a “straightjacket” that “risks profound harms” to Tegna. A legal process unfolding over several months “locks Tegna stations into an outdated structure that was already under substantial strain, making it more likely Tegna will not survive while waiting for the transaction to be vindicated.”

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