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Nexstar-Tegna Merger Frozen By Judge As Antitrust Battle Continues; CA AG Says “This Merger Is Illegal, Plain & Simple”
(Updated with Nexstar statement) A federal judge just put a halt to Nexstar’s proposed $6.2 billion merger with Tegna, putting in doubt the combination of the companies to create a broadcast station giant – at least for now.
With just a few hours to go on the current TRO, U.S. District Judge Troy Nunley on Friday issued a preliminary injunction, concluding that the transaction would diminish competition in violation of antitrust laws. The matter now enters a state of corporate stasis while the antitrust issues and trial play out.
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