Judge blocks Nexstar's acquisition of Tegna until antitrust suit resolved
The deal, approved by the FCC, would create a company that owns 265 television stations in 44 states and Washington, D.C.
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The deal, approved by the FCC, would create a company that owns 265 television stations in 44 states and Washington, D.C.
The FCC announced Thursday that it had approved the $6.2 billion merger of major broadcast station owners Nexstar and Tegna.
Nexstar's acquisition of Tegna would bring together two companies with significant holdings in local broadcast media.
Irving, Texas-based Nexstar will pay $22 in cash for each share of Tegna's outstanding stock.