A federal judge on April 17 temporarily blocked Nexstar’s $6.2 billion acquisition of local broadcast station owner Tegna amid antitrust challenges from eight states.
“Based on the foregoing, the court finds defendants’ rebuttal evidence is insufficient to overcome plaintiffs’ prima facie case. Plaintiffs establish ‘a reasonable probability of anticompetitive effect’ in the market,” the judge wrote in a 52-page ruling.
Nunley said the merger would make it harder to divest Tegna as a competitive entity and could result in newsroom layoffs and shutdown, causing irreparable harm to the plaintiffs.
Under the preliminary injunction, Nexstar is required to allow Tegna to continue operating as a “separate and distinct, independently managed” business unit until the antitrust lawsuit is resolved.
Nexstar said in a statement that it intends to appeal the ruling.
“Nexstar Media Group now owns TEGNA and has taken steps consistent with the Court order that has been in effect,” the company said. “We will appeal today’s decision and look forward to presenting our case on its merits before the Ninth Circuit Court of Appeals.”
New York Attorney General Letitia James, one of the attorneys general involved in the lawsuit, called the judge’s ruling “a critical victory” in the legal battle.
“Consolidating hundreds of local TV stations under one corporate owner would mean higher prices and lower quality programming for consumers,” James said in a statement. “We will keep fighting our case to ensure fair competition among local TV stations that serve communities across the country.”
According to the regulator, the deal would enable “broadcast TV stations to counter the growing power that national programmers have amassed in recent years” while allowing Nexstar to own less than 15 percent of TV stations.
James was joined in the lawsuit by the attorneys general of California, Colorado, Connecticut, Illinois, North Carolina, Oregon, and Virginia.







