• 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

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

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

May 1, 2026

Trump signs executive order expanding access to retirement...

May 1, 2026

Trump briefed on options for Iran as energy...

May 1, 2026

Big Tech earnings test record stock market rally...

May 1, 2026

What falling wage growth says about where the...

April 7, 2026

Savannah Guthrie returns to ‘TODAY’ amid search for...

April 7, 2026

U.S. added 178,000 jobs in March, reflecting resilient...

April 6, 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

  • ‘UN80 Initiative’ appears to show world body’s panic over possible DOGE-like cuts

    March 12, 2025
  • A look back at Biden’s Remarkable 50-year career in politics

    March 20, 2025
  • Lumentum stock: Wyckoff Theory points to a steep crash soon

    March 27, 2026
  • RIL set to end 2024 in red for the first time in a decade: what investors need to know

    December 17, 2024
  • DirecTV is pushing its pay TV bundle — without a satellite dish

    August 13, 2024

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 (8,507)
  • Investing (2,231)
  • Stock (1,025)

Latest Posts

  • Nigeria admits more than 160 Christians kidnapped as Trump calls for coordinated terror fight

    January 21, 2026
  • Prosecution presses forward as Ryan Routh trial resumes on Day 6

    September 15, 2025
  • Trump not invited to Dick Cheney funeral

    November 20, 2025

Recent Posts

  • How Saudi Arabia’s crown prince became a central player in US-brokered peace talks between Russia and Ukraine

    February 14, 2025
  • Dow futures surge 200 points: 5 things to know before market opens

    April 1, 2026
  • Still a no: Rand Paul says $5T debt increase in ‘Big, Beautiful Bill’ a deal-breaker

    June 3, 2025

Editor’s Pick

  • New polls reveal which White House term showed stronger polling numbers for Trump

    March 4, 2025
  • Trump announces MAHA advocate Casey Means will be new surgeon general nominee

    May 7, 2025
  • Secret Service agent details ‘textbook ambush,’ bizarre self-representation in Ryan Routh trial

    September 11, 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