DIRECTV Files Federal Antitrust Lawsuit to Block Anticompetitive Nexstar-TEGNA Merger

AI Briefing

• – DIRECTV files federal antitrust lawsuit to block Nexstar-TEGNA merger, claims deal would significantly harm consumers
• – The proposed merger would combine the nation's largest and second-largest English-language broadcast station groups, giving Nexstar control of 228 broadcast stations reaching 80% of television households
• – The deal would increase concentration in dozens of local markets by more than 10 times the amount that is presumptively unlawful under the antitrust laws, allowing Nexstar to raise prices and reduce the amount, variety, and quality of local news