A federal judge just put a halt to Nexstar’s proposed $6.2 billion merger with Tegna, putting in doubt the combination of the companies to create a broadcast station giant – at least for now.
With just a few hours to go on the current TRO, U.S. District Judge Troy Nunley on Friday issued a preliminary injunction, concluding that the transaction would diminish competition in violation of antitrust laws. The matter now enters a state of corporate stasis while the antitrust issues and trial play out.
However, the preliminary injunction comes with a legal caveat.
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“At Defendants’ request, this preliminary injunction shall take effect starting April 21, 2026, at 5:00 p.m. PDT,” says tonight’s 52-page ruling. “In the meantime, to preserve the status quo and good cause appearing, the Court extends its Temporary Restraining Order (ECF No. 60) as modified (ECF
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