Nexstar Media Group
Nexstar Media Group ($NXST) is one of the biggest operators of local broadcast television stations in the United States. In addition to more than 160 local stations, Nexstar Media Group operates NewsNation (formerly WGN America), LIN Digital, Zap2It and Antenna TV. The company shares ownership of the Food Network and Cooking Channel with Discovery Networks. Nexstar is based in Irving, Texas.
Judge grants restraining order blocking Nexstar-TEGNA deal from taking effect
A federal judge in California has granted DIRECTV a temporary restraining order in a legal challenge brought over Nexstar Media Group's $6.2 billion merger with TEGNA.
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Judge says jury gets to decide if Nexstar defamed news directors fired over memo
The judge found sufficient evidence that Nexstar’s statements may have misled the public about the employees.
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Nexstar to operate TEGNA as subsidiary business while lawsuits proceed
The move will allow Nexstar to spin-out TEGNA if lawsuits are successful; on Monday, Newsmax and several broadband groups filed a request for a preliminary injunction.
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States seek court restraining order to block Nexstar-TEGNA merger
Officials argue the merger violates antitrust laws and prioritizes corporate interests over consumers.
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Lawsuits against Nexstar will continue after company closes TEGNA deal
Plaintiffs argue the merger creates excessive market concentration and could lead to higher TV distribution fees.
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FCC Commissioner Gomez criticizes agency’s approval of Nexstar-TEGNA deal
Gomez said the decision was rushed and should have undergone a full Commission vote and public review.
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FCC says it granted ownership rule waivers to approve Nexstar-TEGNA deal
Regulators said the deal serves the public interest amid growing competition from large media and streaming companies.
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Nexstar says it closes TEGNA acquisition, despite lawsuits
Nexstar Media Group on Thursday said it closed on its $6 billion acquisition of peer broadcaster TEGNA, despite two federal lawsuits that were recently filed meant to prevent the transaction from moving forward.
California, other states sue to block Nexstar-TEGNA merger
The attorneys general of California and eight other states have filed a federal lawsuit seeking to block Nexstar Media Group's proposed $6 billion acquisition of peer broadcaster TEGNA.
Opponents of Nexstar-TEGNA merger accuse CEO of “doublespeak”
Two organization said Nexstar CEO Perry Sook’s comments to investors contradict claims made to regulators about market challenges and economic studies.
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Nexstar to produce California gubernatorial debate
The debate will air statewide across Nexstar stations and be moderated by anchors from Sacramento and Los Angeles.
Report: Nexstar wants $2.75 billion bank loan for TEGNA acquisition
A group of major banks led by Bank of America are arranging a $2.75 billion leveraged loan to help finance Nexstar Media Group’s proposed acquisition of TEGNA.