Judge Extends Block on Nexstar-Tegna Deal as Antitrust Fight Intensifies

A U.S. judge has extended a temporary order freezing the $3.54 billion acquisition of Nexstar Media Group ($NXST) by Tegna ($TGNA) for another week as the court weighs a potential preliminary injunction in an antitrust case brought by DirecTV and multiple states.

• U.S. District Judge Troy Nunley ordered Tegna to remain a separate, independently managed business during the review.
• The ruling follows a March 27 order after DirecTV sued, arguing the deal would harm competition and increase consumer costs.
• The companies completed the deal on March 19 after approval from the Department of Justice and FCC.
• The combined company would reach about 80% of U.S. households, becoming the largest broadcast station group.
• Eight states, led by California and New York, are seeking to block the merger over concerns including higher cable bills and reduced local news competition.
• Nexstar’s lobbying disclosures show increased 2025 spending tied to telecommunications policy, media ownership rules, and regulatory oversight.
• Tegna’s lobbying activity, initiated in 2025, includes issues related to broadcast regulation and competition policy.

Relevant Companies

• Nexstar Media Group ($NXST) – Direct party to the acquisition; outcome affects integration and regulatory exposure.
• Tegna ($TGNA) – Target company; required to operate independently pending court decision.

Editor’s Note: This is a developing story. This article may be updated as more detail