Regulatory approval from the FCC is highly anticipated, but has yet to happen. The Justice Department is likely to give its affirmative nod as well. Nexstar Media Group‘s rule-smashing, industry-reshaping merger plan with TEGNA appears to be on track for a closing date in July. Yet, the specter of legal action designed to throw a speedbump — or a banana in the tailpipe — of the transaction wagon had arisen as a likely possibility.
Thank the Attorneys General of eight states for bringing a potential block of the deal to life. DirecTV, which has been fighting the merger, is also involved in the political theater.
