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Eight states and DIRECTV sue to block Nexstar’s $6.2B purchase of TEGNA, citing antitrust concerns and threats to local news and competition.
Eight U.S. states and DIRECTV have sued to block Nexstar Media Group’s $6.2 billion acquisition of TEGNA, arguing the merger would violate antitrust laws by concentrating broadcast media ownership, reducing competition, and harming consumers.
The states claim the deal would increase pay-TV prices, weaken local news, and diminish media diversity, particularly in major markets like Phoenix, Atlanta, and Buffalo, where Nexstar and TEGNA already operate competing stations.
The combined entity would reach 80% of U.S. households, far exceeding the FCC’s 39% ownership cap, requiring a regulatory change.
While FCC Chair Brendan Carr and former President Donald Trump support the merger, the lawsuit seeks to halt it, citing risks to local journalism and consumer choice.
The case is pending in federal court.
Ocho estados y DIRECTV demandaron para bloquear la compra de TEGNA por Nexstar por $6.2B, citando preocupaciones antimonopolio y amenazas a las noticias locales y la competencia.