financetom
Business
financetom
/
Business
/
US judge orders Nexstar to hold Tegna separate pending review
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
US judge orders Nexstar to hold Tegna separate pending review
Mar 27, 2026 8:44 PM

WASHINGTON, March 27 (Reuters) - A U.S. judge late

Friday ordered Nexstar to temporarily keep Tegna's

assets separate pending a review of whether the broadcast

station owner's $3.54 billion acquisition of its rival Tegna

violates federal antitrust laws.

The companies quickly closed the deal after the Justice

Department and Federal Communications Commision approved the

deal on March 19.

U.S. District Judge Troy Nunley issued the order in response

to a federal antitrust lawsuit filed by DirecTV, which argued it

would irreparably drive up consumer costs, reduce local

competition, shutter local newsrooms and increase both the

frequency and duration of blackouts of key local sports teams.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Copyright 2023-2026 - www.financetom.com All Rights Reserved