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Stock impact report

Judge puts the brakes on Nexstar-Tegna television merger [Yahoo! Finance]

TEGNA Inc (TGNA) 
Last tegna inc earnings: 2/11 08:01 am Check Earnings Report
US:NYSE Investor Relations: investors.tegna.com
Company Research Source: Yahoo! Finance
television stations -- on hold for two weeks after DirecTV challenged the merger in court under federal antitrust laws. File Photo by Shawn Thew/EPA March 29 (UPI) -- A judge has temporarily blocked the merger of Nexstar and Tegna, which would create a company that controls 260 television stations across the U.S. Nexstar, already the largest television stations owner in the country, agreed to buy Tegna -- which is Gannett's broadcasting arm -- announced the $6.2 billion merger in August and the FCC earlier this month approved the merger The deal would give the combined companies access to roughly 60% of U.S. households, and FCC chief Brendan Carr pinned the decision on underwriting this many stations by one company as protecting "the future of local broadcast TV stations." U.S. District Judge Troy L. Nunley on Friday, however, issued a 14-day temporary restraining order to put the merger on hold after a lawsuit from DirecTV alleged that the merger violates antitrust laws, Dead Show less Read more
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