Nexstar seeks expedited review of halted Tegna merger
Nexstar asked a U.S. appeals court to expedite a review of an order halting its Tegna merger. The company says the delay has cost tens of millions of dollars.
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NEXSTAR MEDIA GROUP INC asked a U.S. appeals court late on Wednesday to expedite a review of a lower-court order halting its $6.2 billion merger with Tegna. The broadcaster stated the delay has already resulted in tens of millions of dollars in unrecoverable losses. The deal would create the largest broadcast station group in the United States, reaching 80% of households—a consolidation that matters because it concentrates media ownership and editorial control in fewer hands.
