This report does not constitute a rating action. What's new: Nexstar Media Group Inc. closed on its acquisition of TEGNA Inc. on March 19, 2026, after receiving approval from the U.S. Federal Communications Commission and Department of Justice. At that time, a coalition of state attorneys general and DirecTV, in two separate actions, brought civil lawsuits against Nexstar and TEGNA to block the merger on antitrust grounds. A preliminary injunction by the U.S. District Court for the Eastern District of California became effective on April 21, prohibiting further integration of the two companies. As a result, Nexstar must hold TEGNA?s assets separately--effectively operating as they did prior to the transaction--until the case can be heard by the appellate court, go
