Eight states sue to block Nexstar's Tegna acquisition
Eight states filed a lawsuit to block Nexstar's $3.54 billion acquisition of Tegna. Officials argue the deal would raise prices and reduce local news competition.
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A coalition of eight states filed a lawsuit in the United States District Court in Sacramento, California, late Wednesday to halt the proposed $3.54 billion acquisition of TEGNA Inc. by Nexstar Media Group, Inc.. If finalized, the merger would create the largest broadcast station group in the country. The states involved in the legal action include California, New York, Colorado, Connecticut, Illinois, North Carolina, Oregon, and Virginia.
