A federal judge on Friday granted a temporary restraining order halting Nexstar Media Group's merger with Tegna, siding with DirecTV's antitrust challenge and finding the transaction would cause irreparable harm to the pay-TV distributor. The $6.2 billion deal, which creates a broadcasting company with nearly 260 stations, is barred from integration for 14 days pending an April 7 hearing on a preliminary injunction.
Otto Beta
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A federal judge on Friday granted a temporary restraining order halting Nexstar Media Group's merger with Tegna, siding with DirecTV's antitrust challenge and finding the transaction would cause irreparable harm to the pay-TV distributor. The $6.2 billion deal, which creates a broadcasting company with nearly 260 stations, is barred from integration for 14 days pending an April 7 hearing on a preliminary injunction.