Rich People Trades
  • Business
  • World News
  • Politics
  • Investing
  • Business
  • World News
  • Politics
  • Investing

Rich People Trades

Business

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

by admin May 2, 2026
May 2, 2026
Republican state attorneys general join lawsuit to stop $6.2B local TV merger

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.

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.”

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 Posts

Warner Bros. Discovery rejects Paramount’s amended takeover offer

January 12, 2026

Apple’s AI chief abruptly steps down

January 12, 2026

Columbia Sportswear sues Columbia University, alleging trademark infringement

August 5, 2025

Nvidia’s CEO did a Q&A with analysts. What...

March 27, 2025

Markets plunge and U.S. oil hits $100 as...

March 30, 2026

From pandemic struggles to St. Patrick’s Day crowds,...

March 18, 2025

GameStop, MicroStrategy shares rise after Ryan Cohen posts...

February 11, 2025

Shein and Temu see U.S. demand plunge as...

June 10, 2025

Treasury ends enforcement of business ownership database meant...

March 4, 2025

Hertz says 2024 hack exposed some customers’ driver...

April 16, 2025

    Become a VIP member by signing up for our newsletter. Enjoy exclusive content, early access to sales, and special offers just for you! As a VIP, you'll receive personalized updates, loyalty rewards, and invitations to private events. Elevate your experience and join our exclusive community today!


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Editors’ Picks

    • 1

      First lady Melania Trump’s new official portrait revealed

      January 28, 2025
    • 2

      American fighters are dying in Ukraine in growing numbers. Bringing their bodies home is a complex task

      January 30, 2025
    • 3

      ECOWAS pledges to ‘keep door open’ after 3 coup-hit West African nations exit regional bloc

      January 30, 2025
    • 4

      Vale Launches Strategic Review of Thompson Nickel Operations Amid Market Challenges

      January 28, 2025
    • 5

      Environmental Approval for Boland Infield Studies & Update on Scaled Column ISR Test

      September 19, 2025
    • 6

      Europe’s busiest airport is set to get bigger, as Britain green-lights tortured Heathrow expansion project

      January 30, 2025
    • 7

      DeepSeek is giving the world a window into Chinese censorship and information control

      January 30, 2025
    • Terms and conditions
    • Privacy Policy

    Disclaimer: richpeopletrades.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 © 2026 richpeopletrades.com | All Rights Reserved