Eight US states ask judge to temporarily stop $3.5bn Nexstar and Tegna merger

Trending 2 months ago

Eight states asked a US judge connected Friday to rumor a impermanent restraining bid to extremity a $3.5bn merger of Nexstar Media Group and Tegna.

On Thursday, nan section broadcast position owners received merger support from nan Federal Communications Commission (FCC) and nan US Department of Justice and said they had closed nan transaction 2 hours aft approval, nan time aft nan states revenge their lawsuit.

The states reason that nan deal, which would create nan largest broadcast position group successful nan US, would “put much broadcast programming successful nan hands of less people, trim section jobs, summation cablegram bills, and importantly effect nan transportation of news and different media contented to Americans nationwide”.

California, Colorado, Illinois, Oregon, New York, North Carolina, Connecticut and Virginia activity to support nan position quo and reason without action nan companies “would beryllium free to proceed pinch – and moreover accelerate – integration”. The states besides reason that nan merger would springiness nan deal’s principals nan powerfulness to raise fees for salary TV providers and abolish abstracted news operations successful markets pinch much than 1 station.

US territory judge Troy Nunley successful Sacramento, California, said he would see nan rumor based connected tribunal papers.

The acquisition, if not reversed by courts, will grow Nexstar’s beingness to screen 80% of US TV households. The FCC said it is waiving a norm that allows broadcast tv position owners to scope nary much than 39% of US television assemblage households arsenic portion of its approval.

In February, Donald Trump said he supported nan deal. The president has many times pressured Brendan Carr, nan FCC chair, to revoke nan licenses of NBC and ABC stations. Critics person said Carr is violating nan free reside authorities of broadcasters.

Carr argues nationalist networks specified arsenic Comcast-owned NBC and Walt Disney Company’s ABC person amassed excessively overmuch powerfulness and has said he wants to empower section affiliates owned by companies including Tegna and Nexstar to preempt programming.

Nexstar is nan largest US section tv broadcasting group, controlling much than 200 stations successful 116 US markets reaching 220 cardinal people, while Tegna owns 64 tv stations successful 51 media markets.

Guardian unit contributed reporting

More
Source theguardian.com
theguardian.com