2 months ago
California and six different states revenge suit to artifact Nexstar‘s merger pinch Tegna, a transaction that will create a broadcast position giant.
The $6.2 cardinal transaction would springiness nan mixed institution 265 stations covering 80% of nan country.
Attorney General Rob Bonta said successful a statement, “This merger would origin incredibly precocious levels of attraction successful section TV markets and is expected to raise cablegram and outer prices crossed nan country, causing irreparable harm to section news and consumers who trust connected their reporting arsenic a captious root of information.”
The suit claims that Nexstar-Tegna would summation further bargaining leverage complete cablegram and outer operators, allowing them to cod higher retransmission consent fees that will beryllium passed connected to consumers.
The FCC and nan Justice Department are reviewing nan transaction. But President Donald Trump has endorsed nan deal, Bonta’s agency noted successful a property release. FCC Chairman Brendan Carr responded that he agreed pinch Trump’s bid to “get that woody done.”
Joining California successful nan suit are attorneys wide of New York, Colorado, Illinois, Oregon, North Carolina, Connecticut, and Virginia.
A Nexstar spokesperson did not instantly respond to a petition for comment.
