Federal judge extends restraining order on $6.2B merger of local TV giants Nexstar and Tegna

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A federal judge on Friday extended an emergency restraining order on a $6.2 billion merger between Nexstar Media Group and Tegna for one week while he decides whether a longer block on the deal is needed. Eight state attorneys general and DirecTV sued to block the merger between the local television giants, arguing that it would raise consumer prices and harm local journalism. They asked U.S. District Court Chief Judge Troy L. Nunley in Sacramento, California, to halt the merger until their anti