A federal judge blocks Nexstar Media Group's $6.2 billion acquisition of Tegna, citing antitrust concerns raised by state attorneys general and DirecTV. The merger, which would create a media giant owning 265 TV stations, is paused pending resolution of a lawsuit alleging harm to competition and local journalism.
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The FCC has approved Nexstar Media Group’s $6.2 billion acquisition of Tegna Inc., creating the largest local television station operator in the U.S. despite lawsuits from eight states and DirecTV arguing the merger will harm competition, raise consumer prices, and reduce local journalism diversity. FCC Chairman Brendan Carr defended the decision, citing regulatory waivers and conditions to promote competition and localism, while Nexstar’s CEO emphasized the deal’s importance for sustaining local journalism amid competition from Big Tech. Critics, including Democratic officials and FCC Commissioner Anna M. Gomez, condemned the approval for lacking transparency and warned it could create a broadcast monopoly, with legal challenges ongoing in federal court.