Nexstar Tells Judge Aspects Of Tegna Merger "Cannot Be Reversed"
Key Points:
- Nexstar warned a court that complying with a judge's temporary restraining order halting its merger with Tegna is difficult because many integration steps have already been completed and cannot be reversed.
- U.S. District Judge Troy Nunley issued the restraining order after DirecTV filed an antitrust lawsuit, freezing the merger for 14 days and scheduling a hearing on April 7 for a preliminary injunction.
- Nexstar highlighted operational and regulatory challenges caused by the freeze, including debt reporting obligations, contract management confusion, and commitments to expand news content on Tegna stations.
- The company requested court permission to maintain day-to-day operations, service debt obligations, and continue administering existing agreements to avoid material harm from the restraining order.
- DirecTV criticized Nexstar’s filing for raising new issues and plans to respond to the court by Thursday.