Pa. attorney general joins lawsuit to block merger of broadcasting giants Nexstar, TEGNA
Pennsylvania Attorney General Dave Sunday has joined a lawsuit to block the merger of broadcasting giants Nexstar and TEGNA.Summary
Pennsylvania Attorney General Dave Sunday has joined a coalition of attorneys general in a lawsuit challenging the anticompetitive effects of Nexstar Broadcasting's acquisition of TEGNA. Although the merger closed in March, a federal judge paused the deal, prohibiting the companies from combining assets while antitrust litigation is pending. The lawsuit argues that the merger would eliminate broadcast TV options for consumers and reduce competition among local affiliates of the "Big Four" networks: ABC, CBS, NBC, and Fox. The complaint specifically highlights that 31 markets where both companies operate would see diminished competition, including Harrisburg and the Scranton/Wilkes-Barre area in Pennsylvania. Attorney General Sunday stated that the merger would increase costs for consumers, exacerbating the strain on budgets caused by rising TV service subscription costs.
(Source：Pennlive)