Nexstar CEO Perry Sook outlined the company's legal strategy during an earnings call regarding its $6.2 billion acquisition of Tegna, which faces challenges from DirecTV, 13 state attorneys general, and a separate FCC approval challenge across three different courts. Sook said Nexstar filed an appeal of a preliminary injunction, has a trial scheduled in California, and must respond to a D.C. Circuit petition by May 11 while operating Tegna separately pending resolution.
Otto Beta
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Nexstar CEO Perry Sook outlined the company's legal strategy during an earnings call regarding its $6.2 billion acquisition of Tegna, which faces challenges from DirecTV, 13 state attorneys general, and a separate FCC approval challenge across three different courts. Sook said Nexstar filed an appeal of a preliminary injunction, has a trial scheduled in California, and must respond to a D.C. Circuit petition by May 11 while operating Tegna separately pending resolution.