Wire
Market Chatter: Nexstar Media's $6.2 Billion Tegna Merger Faces Restraining Order Extension
Nexstar Media's (NXST) $6.2 billion merger with Tegna is facing fresh hurdles after a federal judge extended the restraining order on the deal by one week to April 17 to review whether a a longer preliminary injunction is needed, Associated Press reported Friday.The merger was approved by the Federal Communications Commission but ran into antitrust lawsuits last month as eight state attorneys general and DirecTV sued to block the merger in a district court in California due to concerns about consumer prices and local journalism.Neither Nexstar Media nor Tegna immediately responded to' request for comment.Shares of Nexstar were up 3.4% in Friday trading.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $184.98, Change: $+6.16, Percent Change: +3.44%
$NXST