Policyband

Can They Really Unscramble the Egg? Newsmax Locks Arms with Cable, DIRECTV in Challenging Closed Nexstar-TEGNA Merger

Newsmax CEO Chris Ruddy issues statement saying FCC approval was 'an affront to both legal process and the rule of law' while FCC Chairman Brendan Carr says the deal will strengthen local broadcasting

Ted Hearn

Ted Hearn

— 10 min read
Can They Really Unscramble the Egg? Newsmax Locks Arms with Cable, DIRECTV in Challenging Closed Nexstar-TEGNA Merger
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■ Circle City CEO Interested in Buying Nexstar’s NBC Station in Indy ■ Nexstar Ended DEI Programs Ahead of TEGNA Approval ■ Alaska’s BEAD Plan Has Some Eye-Popping Per-Location Costs: $50,000? ■ Trump EO Asks Carr, Lutnick to Protect Army-Navy Football Game TV Window ■ X Post of the Day: Trump Heaps Praise on Carr at White House Event ■ Sinclair: DRM Will Secure Free TV’s Access to the Most Valuable Content ■ FCC Asks Supreme Court to Uphold How It Fines Bad Actors ■ House to Vote on Bill Promoting LEOs in Appalachia ■ Mass. to Hold Webinar as Part of Pole Attachment Review ■ TDS Workers in N.C. Vote to Join CWA Union

Merger: Newsmax and six state cable broadband associations asked a federal appeals court on Saturday, March 21 to hit pause on Nexstar Media Group’s $6.2 billion acquisition of TEGNA after the FCC approved the deal. DIRECTV joined on its own as an intervenor. Can this legal gambit really unscramble the egg? The deal, approved March 19 by the FCC’s Media Bureau and DOJ, closed later that day, meaning TEGNA shareholders received their $22 in cash per share presumably.

But Newsmax et al. think the deal is not really closed, closed. (More after paywall)

Newsmax CEO Chris Ruddy
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