Mergers & Acquisitions

`Under binding Circuit precedent, this Court lacks jurisdiction to review an order issued by the Commission’s staff,’ the regulator said

Regulatory and Standards Democratic commissioner says regulator shouldn’t dole out ‘another billionaire buddy bypass’ on foreign-ownership rules

Atlanta-based Gray announced last August that it was buying the stations for $171 million

Combined entity reaches 57% of US internet households, positioning it alongside Netflix, Google, Amazon, and Disney in viewer engagement and reach

In its Q1 earnings call, CEO Chris Ripley said, ‘We’re going to head towards a marketplace where you’ve got two large groups’

Nexstar responded by saying the alternative to the deal is "the demise of your local broadcast station"

The swaps in mid- and small-sized markets create new duopolies for the station groups

The ruling noted that a preliminary injunction pausing the merger reduced the immediate `potential harm’ facing DirecTV, Newsmax and others who are trying to block the deal

It has asked the FCC to allow it to exceed the 25% cap on foreign ownership

Opponents are urging states to file lawsuits to block the deal, as they did in the Nexstar/Tegna deal