"Chief Judge Troy Nunley of the Eastern District Court of California stated that the plaintiffs had 'demonstrated a prima facie case that the merger creates a reasonable probability of anticompetitive effect'."
"Nexstar's acquisition of Tegna, valued at $6.2 billion, involved absorbing 65 additional stations, but now faces legal challenges that could force it to unwind the deal."
"The ruling requires Nexstar to operate the Tegna stations separately, as the legal battle unfolds, following a temporary restraining order issued earlier by Nunley."
A federal judge has issued a preliminary injunction blocking Nexstar's acquisition of Tegna until an antitrust trial concludes. Nexstar must operate Tegna's stations separately during this period. The ruling follows lawsuits from eight Democratic attorneys general and DirecTV, who argue the merger could harm competition. Chief Judge Troy Nunley found a strong likelihood that the merger would create anticompetitive effects. Nexstar, the largest station group by revenue, acquired Tegna, the fourth largest, with endorsements from President Trump and FCC Chairperson Brendan Carr prior to the ruling.
Read at www.npr.org
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