Thirteen state attorneys general file amended complaint to stop Nexstar-Tegna merger
Updated
Updated · NBC News · Apr 30
Thirteen state attorneys general file amended complaint to stop Nexstar-Tegna merger
13 articles · Updated · NBC News · Apr 30
California said Indiana, Kansas, Massachusetts, Pennsylvania and Vermont joined, making the case bipartisan after Judge Troy Nunley's preliminary injunction paused the $6.2 billion deal.
The states argue the tie-up would let Nexstar and Tegna raise prices, cut journalism jobs and dominate local television by combining 264 stations reaching about 80% of US households.
The challenge continues despite approval last month from the FCC and Justice Department, with the FCC waiving its 39% household-reach cap and President Donald Trump publicly backing the merger.
Can a state-led lawsuit unwind a federally-approved media merger and prevent higher TV bills?
Will this media mega-merger save local journalism or create more news deserts across the country?