Mergers & Acquisitions

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

Founded in 1917, the cinematic powerhouse had been family-owned until this deal with the founder of Riedel Communications and the Riedel Group

The temporary restraining order halting integration of the two station groups has been extended for one week

The acquisition includes the Aizu Tamura Corp. manufacturing arm

If the judge issues a preliminary injunction blocking the integration of Nexstar and Tegna, the trial and appeals could eat up most of 2026 and 2027

The deal will improve CNBC’s data-driven capabilities for business news and personal finance

The sale of the Indianapolis station for $83 million will help the company pare down debt and acquire ION stations

Senators complain that a major transaction was approved at the Bureau level rather than by a full Commission vote