Judge halts Nexstar/Tegna merger after FCC let firms exceed TV ownership limit

“Defendants also do not contest Plaintiff’s assertion that in the 16 [market areas] in which Nexstar or Tegna has a Big Four duopoly or triopoly, they appoint a single news director to oversee a single newsroom and use the same on-air talent for all Big Four channels they own in the [market area],” Nunley wrote.

The pre-merger Nexstar owned 201 full-power TV stations and Tegna owned 64, for a total of 265. They agreed to divest six stations, which would eventually reduce the total to 259.

DirecTV argues that “absent a hold-separate order, Nexstar will fully absorb Tegna and eliminate the companies’ head-to-head competition in the 31 overlap markets,”

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