A federal judge temporarily blocked Nexstar’s $6.2 billion merger with Tegna after 8 states and DirecTV sued. Nexstar plans to appeal the judge’s decision.
SACRAMENTO, Calif. — A federal judge has blocked a $6.2 billion merger of local television giants Nexstar Media Group and rival Tegna until an antitrust lawsuit is resolved.
U.S. District Court Chief Judge Troy L. Nunley in Sacramento, California, made the ruling late Friday afternoon, finding that eight attorneys general and DirecTV were likely to prevail in their legal bid to stop the merger. The attorneys general, all Democrats, and DirecTV contend the merger will lead to higher prices for consumers, stifle
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