Last mentioned: Mar 19, 2026
Response Deadline
Expected deadline for Nexstar and Tegna to file a formal response to the state lawsuit.
State Lawsuit Filed
Eight states file a joint lawsuit to block the $6.2B deal on the grounds of stifling competition.
8 States Sue
California, New York, and six other states file a federal lawsuit to block the merger.
Industry Opposition
DirecTV files a formal complaint against the merger, citing antitrust concerns.
Financing Secured
Bank of America offers a $2.75 billion loan to Nexstar for the TEGNA acquisition.
TEGNA Earnings Report
TEGNA beats revenue expectations with $706.11M in Q4, signaling strong operational health.
Regulatory Review
Federal agencies begin formal antitrust review of the transaction.
Merger Announced
Nexstar announces intent to acquire Tegna for $6.2 billion.
A coalition of eight states, led by California and New York, has filed a lawsuit to block Nexstar's $6.2 billion acquisition of Tegna. The legal challenge centers on concerns over reduced competition in local news markets and potential price hikes for cable and satellite subscribers.
A coalition of eight states, led by California, has filed a lawsuit to block Nexstar Media Group’s $6.2 billion acquisition of TEGNA, citing severe antitrust concerns. The legal challenge argues that the merger would consolidate too much power in the local television market, leading to higher consumer costs and reduced news diversity.