Nexstar CEO Addresses Legal, Regulatory, and Wall Street Uncertainty in Tegna Merger
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.
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Nexstar CEO Lays Out Next Steps in Legal Fight Over Tegna Deal, Including ‘Complete Laundry List of All Threatened and Pending Litigation That We’re Aware Of’
Nexstar CEO Perry Sook addressed the TV station group giant’s ongoing legal battle over its newly acquired rival media company, Tegna, during an earnings call with analysts Thursday. At the very top of the call, Sook laid out what the next steps are in the fight, which currently includes a lawsuit filed by DirecTV and […]
By Jennifer Maas
Read full article →The Fog Of More: Nexstar’s Efforts To Bulk Up Run Into Legal, Regulatory And Wall Street Uncertainty
When Nexstar CEO Perry Sook opened an investor call on Thursday, he referred to the company’s merger situation with Tegna as “unusual.” That sounds like an understatement. The company’s hopes of becoming a broadcaster behemoth, with almost 260 stations covering 80% of the country, well above the current limit for a single owner, have been […]
By Ted Johnson
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