13 states challenge Nexstar's $6.2bn local TV merger
Five new states, including Indiana and Kansas led by Republican attorneys general, have joined California's antitrust lawsuit against Nexstar Media Group's proposed $6.2 billion acquisition of Tegna Inc. The coalition now totals 13 states opposing the merger, which would create the largest local TV station owner in the U.S. The lawsuit, filed in federal court, argues the deal would reduce competition and raise prices for advertisers and consumers. The states seek to block the transaction on antitrust grounds.
Key facts
- 13 states are fighting to block Nexstar's $6.2 billion merger with Tegna
- Indiana and Kansas are among 5 new states joining the legal challenge
- California originally filed the antitrust lawsuit
- Indiana and Kansas are led by Republican attorneys general
- The merger would create the largest local TV station owner in the U.S.
- The lawsuit argues the deal would reduce competition and raise prices
- The case is in federal court
- The states seek to block the transaction
Entities
Institutions
- Nexstar Media Group
- Tegna Inc.
Locations
- Indiana
- Kansas
- California
- United States
Sources
- Quartz —