Republican state attorneys general join lawsuit to stop $6.2B local TV merger
Republican and Democratic state attorneys general are suing to block a $6.2 billion merger between Nexstar and Tegna.Summary
A coalition of 13 state attorneys general, led by California's Rob Bonta, filed an amended complaint Thursday to block the $6.2 billion merger of Nexstar and Tegna, which would create the largest operator of local television stations in the country. The lawsuit argues the deal is illegal and would allow the new company to control prices, fire journalists, and dominate the media landscape. The Federal Communications Commission and the Justice Department approved the merger last month, but a federal judge in California has already issued a preliminary injunction pausing the deal. The FCC's approval relied on a waiver of a rule barring a single company from owning stations reaching more than 39% of U.S. households, a decision that is itself being challenged by a coalition including Newsmax and progressive advocacy groups.
(Source：Google News)