Latest / US News Today | 2 Min News | The Daily News Now!
Nexstar’s Boom Amid Antitrust Storm | US News
Nexstar just shattered revenue records with nearly $2 billion in Q2 earnings, fueled by its $6.2 billion Tegna acquisition — but the celebration is overshadowed by a major legal blow: a federal judge ruled they violated court orders meant to keep Tegna separate until an antitrust trial next year. The judge called their actions “entirely disingenuous,” demanding officials removed from Tegna’s board and strict oversight. Critics fear the merger could crush competition, leaving viewers with fewer choices and higher cable bills — as Nexstar now controls 80% of U.S. households. While Nexstar…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.