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00:02A federal judge blocked a $6.2 billion merger between Nextstar Media Group and Tegna until
00:08an antitrust lawsuit is resolved, according to PBS News. U.S. District Court Chief Judge
00:14Troy L. Nunley ruled that eight attorneys general and DirecTV are likely to succeed in their
00:19challenge. The plaintiffs argued the deal would raise prices and reduce local journalism.
00:24The deal would create a company owning 265 television stations across 44 states and Washington,
00:31D.C., most affiliated with ABC, CBS, Fox, and NBC. The judge said the merger could allow Nextstar
00:39to raise retransmission fees, leading to higher consumer bills, while consolidating stations
00:44and reducing local news options for viewers. Attorneys for Nextstar and Tegna did not immediately
00:50respond to requests for comment. For all things money, visit Benzinga.com.
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