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Stock impact report

California attorney general asks judge to block Nexstar-Tegna merger [Yahoo! Finance]

Nexstar Media Group, Inc. (NXST) 
Last nexstar media group, inc. earnings: 2/26 07:04 am Check Earnings Report
Company Research Source: Yahoo! Finance
California Atty. Gen. Rob Bonta is asking a judge to unravel Nexstar Media Group's $6.2-billion acquisition of rival TV station owner Tegna — the latest in a flurry of merger twists. Nexstar announced late Thursday that it had consummated the Tegna takeover — despite a lawsuit that Bonta and seven other Democratic state attorneys general had filed in federal court the previous day. The state officials sued to block the union of the station groups, alleging the new colossus would violate antitrust rules and a federal law limiting broadcast station ownership. The lawsuit was filed in U.S. District Court in Sacramento. Hours after that filing, the Federal Communications Commission's Media Bureau in Washington approved Nexstar's deal — clearing the way for the nation's largest TV station group owner to swallow the third-largest station group. Read more: Eight state attorneys general file suit to block TV station group merger The purchase gives Nexstar, which owns KTLA-TV Chan Show less Read more
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