Nexstar-Tegna Merger Frozen As Antitrust Battle Continues; CA AG Says “This Merger Is Illegal, Plain & Simple”

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 U.S. District Judge Troy Nunley issued a preliminary injunction, concluding that the transaction would diminish competition in violation of antitrust laws. […]

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