8legs: Office of the attorney general of new york

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Nexstar and Tegna’s Local TV Megamerger Challenged by Eight States

Eight states filed separate antitrust lawsuits in California federal court to block Nexstar's $6.2 billion Tegna merger.
States warn the merger would concentrate local TV markets and could raise prices for consumers.
DirecTV filed a separate lawsuit arguing the deal would boost market power and raise subscriber fees.
FCC Chair Brendan Carr has endorsed the transaction, which requires agency approval and potential rule changes.
If approved, the combined company would reach about 80 percent of homes by owning 265 stations across 44 states and D.C.
The states argue Nexstar and Tegna are direct competitors, strengthening control over local markets.
Nexstar says the merger is necessary to survive amid competition from tech platforms like Google and Amazon.
The deal would allow Nexstar to raise prices and potentially reduce local news diversity, according to the lawsuit.
DirecTV also filed suit, saying the deal would amplify market power and trigger higher licensing costs.
Nexstar is the largest local TV station operator in the United States, with Tegna in the top five.

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