Democratic AGs Move to Pull the Plug on $6.2 Billion Nexstar-TEGNA Merger
California AG Rob Bonta, leading a group of eight Democratic AGs, sued to block Nexstar’s acquisition of TEGNA, alleging the deal violates Section 7 of the Clayton Act by stifling broadcast competition. According to the complaint, the proposed acquisition would create a “broadcasting behemoth” with control over 221 “Big 4” stations, giving Nexstar greater leverage…


