Judge Halts Nexstar-Tegna Merger, Ruling That Deal Is ‘Presumed Likely to ‌Violate Antitrust Laws’

Nexstar Media’s $6.2 billion acquisition of rival TV station group owner Tegna is on hold after a federal judge ruled that the proposed merger “is presumed likely to ‌violate ⁠antitrust laws based on the combined firm market share alone.” The deal would augment Nexstar, already the biggest TV station group in the U.S., with Tegna’s […]

By Todd Spangler