FCC Gives Greenlight To Nexstar-Tegna Merger Amid Challenge From California And Other States

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Nexstar successfully closing its $6.2 billion acquisition of Tegna and securing key FCC waivers provides significant scale and pricing power, though immediate upside is tempered by antitrust lawsuits from several states and DirecTV. The merger fundamentally shifts the broadcast landscape, likely increasing costs for distributors through higher retransmission-consent fees.

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