Additional States Join Lawsuit to Block Nexstar-Tegna Merger
Five more states have joined a federal antitrust lawsuit seeking to halt the $6.2 billion merger between Nexstar Media Group and Tegna, citing concerns over media consolidation and consumer impact.
Five additional states—Indiana, Kansas, Massachusetts, Pennsylvania, and Vermont—have joined a federal antitrust lawsuit aiming to block the $6.2 billion merger between Nexstar Media Group and Tegna. This brings the total number of states involved to thirteen, creating a bipartisan coalition opposing the deal.
California Attorney General Rob Bonta, leading the challenge, stated that the merger would create the largest broadcast station group in the United States, potentially leading to increased prices, job cuts, and reduced local control over media content.
The lawsuit argues that the consolidation would allow the combined entity to own 265 television stations across 44 states and Washington, D.C., reaching approximately 80% of U.S. households. Opponents express concern that this level of control could diminish competition and negatively impact consumers.
Previously, the Federal Communications Commission and the Department of Justice approved the merger, with the FCC waiving a rule that limits a single company's reach to 39% of U.S. households. However, a U.S. District Court recently issued a preliminary injunction, pausing the merger while litigation proceeds.
Nexstar and Tegna have not immediately responded to requests for comment regarding the lawsuit and the court's decision.