• Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock
Stock

Republican state attorneys general join lawsuit to stop $6.2B local TV merger

by May 1, 2026
written by May 1, 2026

Five more states are joining a federal antitrust lawsuit aimed at stopping the blockbuster merger of Nexstar and Tegna, a corporate tie-up that would create the largest operator of local television stations in the country.

Subscribe to read this story ad-free

Get unlimited access to ad-free articles and exclusive content.

California Attorney General Rob Bonta, whose office is leading the court challenge, said Thursday that Indiana, Kansas, Massachusetts, Pennsylvania and Vermont had joined as plaintiffs, making the suit a bipartisan effort.

“This is not controversial stuff — this merger is illegal and will give Nexstar and Tegna the ability to control and raise prices, fire journalists, and dominate the media landscape,” Bonta said in a statement.

“We welcome our sister states into the fray and look forward to fighting alongside them,” Bonta added.

In a statement, Nexstar called the state attorneys general “misguided” and accused them of “strangling local journalism” with their legal efforts.

“The AGs, none of whom has a track record of advocating for local media, would do well to understand the industry they purport to protect,” Nexstar said in part, adding that local broadcast station owners need to grow so they can better compete with Big Tech platforms.

“The alternative to this deal is not more independently owned outlets — it’s the demise of your local broadcast station,” the company said.

Tegna did not immediately respond to a request for comment Thursday.

The new plaintiffs join a lineup that includes state attorneys general for Colorado, Connecticut, Illinois, New York, North Carolina, Oregon and Virginia. The 13 state attorneys general filed an amended complaint Thursday.

The attorneys general of Indiana, Kansas and Pennsylvania are Republicans, while the others behind the suit are Democrats.

U.S. District Judge Troy L. Nunley in California two weeks ago issued a preliminary injunction pausing the merger as the case goes forward. Bonta’s office at the time touted the ruling as a “critical win in our case.”

The Federal Communications Commission and the Justice Department both approved the merger last month. President Donald Trump also publicly backed the deal.

In green-lighting it, the FCC waived a rule barring any single company from owning television stations that reach more than 39% of U.S. households. The combined entity would own 264 TV stations and reach as many as 80% of U.S. households, according to estimates cited in court documents.

FCC Chairman Brendan Carr, a Trump appointee, said waiving the rule was “consistent” with the agency’s legal authority.

The FCC’s waiver is the subject of a separate legal challenge filed by an eclectic coalition of petitioners that includes the conservative cable news channel Newsmax and a group of progressive advocacy groups.

Newsmax CEO Chris Ruddy has said he believes it was unlawful for the FCC to waive the 39% rule for Nexstar because it was set by an act of Congress and most recently amended in a 2004 law.

“Basically,” Ruddy told NBC News last month, “the FCC has decided to try to invalidate the law by an administrative decision. I think it’s wrong. I think it’s a threat to democracy.”

0 comment
0
FacebookTwitterPinterestEmail

previous post
Graphic: Track U.S. and state gas prices
next post
Amazon explores ‘The Apprentice’ reboot with Trump Jr set for promotion: report

related articles

Build-A-Bear recalls roughly 36,000 Heart-Warming Hugs Bears

May 2, 2026

Thermos recalls 8.2 million bottles after stoppers eject,...

May 2, 2026

The Onion’s bid to take over Alex Jones’...

May 2, 2026

Companies must now quickly respond to stalking warrants...

May 1, 2026

Could an ‘8647’ T-shirt get you in trouble?

May 1, 2026

Graphic: Track U.S. and state gas prices

May 1, 2026

Trump briefed on options for Iran as energy...

May 1, 2026

FCC head says agency wasn’t pressured to order...

May 1, 2026

Trump signs executive order expanding access to retirement...

May 1, 2026

Big Tech earnings test record stock market rally...

May 1, 2026
Enter Your Information Below To Receive Free Trading Ideas, Latest News, And Articles.


Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

Latest News

  • Trump administration official physically assaulted at UNGA by ‘deranged leftist,’ White House says

    September 27, 2025
  • Iran regime said to unleash Hezbollah and Iraqi militias as uprising spreads

    January 8, 2026
  • Nvidia stock soars on Wednesday: here’s what is pushing NVDA’s latest rally

    January 1, 2026
  • Manchin says he wanted GOP to win Senate to stop Democrats’ quest for ‘raw political power’

    September 16, 2025
  • The ‘F-word’: Schumer says Trump’s first 100 days can be distilled to single utterance

    April 30, 2025

Popular Posts

  • 1

    District judges’ orders blocking Trump agenda face hearing in top Senate committee

    April 2, 2025
  • 2

    Secret Service admits leaning on ‘state and local partners’ after claim it ignored Trump team’s past requests

    July 21, 2024
  • 3

    Five more House Democrats call on Biden to drop out, third US senator

    July 19, 2024
  • 4

    CoreWeave eyes $1.5B bond raise to ease debt load following lacklustre IPO: report

    May 9, 2025
  • 5

    Forex Profit Calculator: Maximize Your Trading Potential

    July 10, 2024

Categories

  • Economy (829)
  • Editor's Pick (8,526)
  • Investing (2,697)
  • Stock (1,028)

Latest Posts

  • U.S. registers most outbreaks of global antisemitism in August: Watchdog report

    September 25, 2025
  • Vulnerable House Dem criticizes ‘extreme’ left in shocking 2026 announcement

    November 6, 2025
  • These two energy stocks will benefit from UAE’s decision to leave OPEC

    April 30, 2026

Recent Posts

  • Trump approval rating hits 47%, as Americans name his most significant move so far: poll

    February 20, 2025
  • Harris edges closer to Trump in new poll conducted after Biden’s withdrawal

    July 26, 2024
  • Key Senator won’t fund DHS as ICE, federal agents enter his state

    January 25, 2026

Editor’s Pick

  • UiPath to lay off 10% of workforce in companywide restructuring

    July 10, 2024
  • Siemens Q2 profit misses estimates as geopolitical pressures persist

    May 13, 2026
  • Susan Collins vows to oppose Trump FBI director nominee Kash Patel ahead of critical vote

    February 20, 2025
  • About us
  • Contacts
  • Privacy Policy
  • Terms & Conditions

Disclaimer: moneyrisetoday.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2025 moneyrisetoday.com | All Rights Reserved

Money Rise Today – Investing and Stock News
  • Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock