For all intents and purposes, the completion of Nexstar Media Group‘s $6.2 million merger with TEGNA was completed in the late afternoon hours of March 19, just moments after the FCC and the Department of Justice each approved the industry-shifting transaction — with the Commission’s Media Bureau on delegated authority granting waivers of the deal.
That morning, DirecTV and eight state Attorneys General had already moved to put a stop to the deal, which they — and most Democrats in Congress — call illegal, as it was approved despite a law that prevents it and thus requires Capitol Hill approval.
Late Friday (3/27), a Sacramento federal district judge sided with the direct broadcast satellite provider — putting a pause on the full integration of TEGNA into Nexstar, for now.
What’s next for Chief Judge Troy Nunley comes on April 7, as a Temporary Restraining Order was placed in effect.
