Latest news and articles about nexstar from NEX English
Prominent members of the U.S. Senate Commerce Committee have criticized the Federal Communications Commission (FCC) Chair for approving the Nexstar Media Group and Tegna merger without a full committee vote. This decision has raised concerns about transparency and the procedures followed.
A U.S. court has halted the merger between Nexstar and Tegna after the Federal Communications Commission allowed the companies to bypass television ownership limits. This ruling mandates an immediate cessation of any merger activities, raising questions about the future of this significant media deal.
A U.S. federal judge has ordered the separation of Tegna's assets from Nexstar pending a legal review of Nexstar's $3.54 billion acquisition of Tegna. This decision follows a lawsuit from DirecTV warning of negative impacts on local competition.
Brendan Carr of the FCC has granted Nexstar, described as a favorite of Trump, permission to purchase Tegna. This decision results in Nexstar surpassing the national station ownership limit of 39%.