Nexstar-Tegna Merger Hit by 8-State Lawsuit, Threatening $6.2 Billion TV Deal
California and seven other states sued to block Nexstar Media Group’s $6.2 billion purchase of Tegna, saying it would create the largest U.S. local TV owner and drive up pay-TV costs. The complaint, filed in Sacramento federal court, says the merger would combine rival stations in 31 markets and control 221 Big Four affiliates. DirecTV filed a separate antitrust suit Thursday. Nexstar and Tegna did not comment.