""We are grateful to President Trump, Chairman Carr and the DOJ for recognizing the dynamic forces shaping the media landscape and allowing this transaction to move forward," said Perry Sook, Nexstar's chairman and CEO."
""If this merger moves forward, cable prices will spike for consumers in New York and across the country," said Letitia James, New York attorney general, on Thursday."
"The lawsuits make similar arguments that the deal will lead to higher prices for consumers and stifle local journalism."
"DirecTV predicted the deal would allow Nexstar to jack up the price it can extract from DirecTV and other distributors to carry their stations."
The FCC approved Nexstar Media Group's $6.2 billion acquisition of Tegna, creating a company with 265 television stations across 44 states. Nexstar agreed to divest six stations to comply with regulations. The merger received approval from the Justice Department, although confirmation was pending. Lawsuits from eight states and DirecTV aim to block the merger, arguing it will increase consumer prices and harm local journalism. State attorneys general claim the deal violates federal antitrust laws, predicting higher cable prices for consumers.
Read at www.npr.org
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