8 states file emergency motion to block Nexstar-Tegna merger after FCC approval
NBC News • • general
Key Points:
- California and seven other states filed an emergency motion to block the $6.2 billion merger between broadcasting companies Nexstar and Tegna, arguing it violates federal antitrust laws and could lead to higher consumer prices.
- The merger had received rapid approval from the Federal Communications Commission (FCC) and the Department of Justice, with the FCC waiving a rule that limits a single company’s TV station reach to 39% of U.S. households, allowing Nexstar-Tegna to cover at least 60%.
- California Attorney General Rob Bonta criticized the deal as favoring corporate interests over consumers and highlighted potential negative impacts on local media markets, including ownership of multiple major stations in Sacramento and San Diego.
- FCC Commissioner Anna M.
