Pause extended on Nexstar-Tegna merger
SACRAMENTO, Calif. — A federal court in California extended the temporary restraining order on a merger between Nexstar Media Group and Tegna for another seven days to provide more time to determine whether a longer preliminary injunction is needed. The order is also modified to allow Nexstar to take reasonable steps to maintain Tegna’s day-to-day operations and to establish a functional governance structure for Tegna, which owns 68 TV stations in 54 markets.
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