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2 clusters · 4 sources · 9 days · First seen · Last updated

Nexstar Media Group antitrust litigation

Overview

Nexstar Media Group is facing multiple legal challenges regarding antitrust concerns. In one matter, the U.S. Supreme Court declined to hear an appeal from Nexstar in a lawsuit filed by DIRECTV. The lawsuit alleges that Nexstar, Mission Broadcasting, and White Knight Broadcasting colluded to coordinate retransmission consent negotiations, leading to artificially high fees and station blackouts that affected approximately one million subscribers.

Separately, a federal appeals court in California has scheduled oral arguments for November 17 regarding an injunction related to Nexstar’s acquisition of TEGNA. The injunction, issued in April, requires the companies to maintain separate operations while an antitrust lawsuit proceeds. This legal challenge, led by DIRECTV and a coalition of state attorneys general, argues the $6.2 billion merger violates federal laws by potentially allowing one entity to control broadcast licenses reaching more than 39 percent of the American viewing audience.

Entities

Nexstar Media Group · DIRECTV · U.S. Court of Appeals · White Knight Broadcasting · Supreme Court of the United States

Timeline

  1. [BUSINESS] 3 sources
    Nexstar and TEGNA antitrust injunction hearing scheduled by appeals court

    A California federal appeals court has set a November 17 hearing date to debate an injunction requiring Nexstar Media Group and TEGNA to operate separately during an ongoing antitrust merger challenge.

  2. [BUSINESS] 2 sources
    Supreme Court declines Nexstar appeal in DIRECTV antitrust lawsuit

    The U.S. Supreme Court declined to hear Nexstar Media Group’s appeal, allowing DIRECTV’s antitrust lawsuit over allegedly collusive retransmission negotiations to proceed in federal court.

Sources

ftvlive.com · rbr.com · reason.com · thedesk.net