Latest about Antitrust
The proposed settlement includes concessions to protect editorial independence of CBS and CNN, film output levels, workers impacted by layoffs and restrictions on cable network price hikes
The possible deal, which was immediately criticized by some opponents, includes protections for CNN and CBS and establishes output levels for film production.
Business Regulator approves 49.5% foreign ownership, including a 38.5% stake by Middle East investors, which exceeds the 25% limit on broadcast stations
The ruling in an antitrust case brought against the merger further limits Nexstar’s control over Tegna
Merger could be halted until antitrust trial is completed in June 2027
California, New York and other states claim the deal will reduce theatrical film production, increase fees for cable channels and harm movie theaters
The Antitrust Division found that $111 billion deal would increase competition among streaming platforms and not harm the production and distribution of theatrical films
Nexstar responded by saying the alternative to the deal is "the demise of your local broadcast station"
