2 months ago
A time aft Nexstar said that it had closed its woody to bargain Tegna, creating a broadcasting giant, California and 7 different states revenge an emergency mobility to extremity it.
The mobility for a impermanent restraining bid was revenge connected Friday successful Sacramento.
California Attorney General Rob Bonta and nan different AGs revenge suit to artifact nan merger connected Wednesday, but were not seeking a TRO aliases a preliminary injunction. But that strategy changed aft nan FCC and nan Justice Department gave nan greenlight to nan transactions later connected Thursday, quickly followed by Nexstar’s announcement that they had closed nan transaction.
Bonta said successful a statement, “This merger is illegal, plain and simple, moving contrary to national antitrust laws that protect consumers. Nexstar/Tegna is not a done deal. I will not fto these firm behemoths merge without a fight.”
“Defendants’ determination to adjacent contempt aggregate pending lawsuits, 2 their non-responsiveness to counsel’s inquiries, and their unreserved to consummate nan Transaction raise nan troubling specter that Defendants whitethorn beryllium barreling guardant pinch this transaction to frustrate effective judicial review,” nan states said successful their motion.
A spokesperson for Tegna did not instantly return a petition for comment.
More to come.
