Nexstar-Tegna Merger Hit by 8-State Lawsuit, Threatening $6.2 Billion TV Deal
California, along with seven other states, filed suit late Wednesday aiming to halt Nexstar Media Group’s $6.2 billion deal for Tegna, a move that would vault Nexstar to the top spot among local TV station owners in the U.S. In a complaint lodged in federal court in Sacramento, the states argue the merger threatens to boost pay-TV prices and erode local news coverage by folding competing stations under one operator.
