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Nexstar CEO Perry Sook indicated that a settlement in the antitrust lawsuit regarding its merger with Tegna is possible, noting less pressure compared to other companies facing legal opposition.
Nexstar CEO Perry Sook told Wall Street analysts that the company’s executives “appreciate the support” of President Trump of the pending $6.2 billion merger with Tegna.
Nexstar CEO Perry Sook has described the company's merger situation with Tegna as "unusual," outlining the next steps in the legal fight and acknowledging significant legal, regulatory, and Wall Street uncertainties surrounding the deal.
Nexstar CEO Perry Sook publicly criticized DirecTV following a federal judge's decision to block Nexstar's $6.2 billion merger with Tegna, predicting that only a few companies will soon control local TV.