Federal Judge Halts Nexstar Tegna Takeover With Preliminary Injunction
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A federal judge has blocked Nexstar's takeover of Tegna pending resolution of an antitrust lawsuit. Chief Judge Troy Nunley of the U.S. District Court for the Eastern District of California issued a preliminary injunction on Friday, following an earlier temporary restraining order. The court found plaintiffs showed a prima facie case that the merger creates a reasonable probability of anticompetitive effect.