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Stock impact report

Why Nexstar–TEGNA mega-merger is bad for Tenn. consumers | Opinion [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
Monopolies often lead to higher prices and abuses of power. So why would Washington, D.C., even consider approving a massive broadcast station merger that would increase consumer prices and further consolidate local news across the country in the hands of even fewer major players? The antitrust concerns are real — and the political fallout from raising millions of Americans' monthly TV bills while reducing their local news should not be taken lightly. What Nexstar's bid for TEGNA really means Nexstar Media Group is seeking to absorb TEGNA in a deal that would create the largest television station operator in the country. The combined company would control hundreds of local stations and reach well beyond the national audience limit Congress put in place decades ago to prevent excessive media concentration. That cap exists for a reason. Opinion: Why Tennessee needs a state Voting Rights Act When ownership becomes more concentrated, leverage increases. And when leverage incre Show less Read more
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