BGDon 🇨🇦 🇺🇸 👨💻Predictions are cable prices across the country will increase with consolidation in media/TV markets, and service providers (DirecTV) agree!
FCC approves the merger of local television giants Nexstar and Tegna, the same day that two lawsuits trying to block the deal were announced.
The $6.2B deal will create a company that owns 265 television stations in 44 states and the District of Columbia, most of them local affiliates of ABC, CBS, Fox and NBC.
The Lawsuit argues the merger has run afoul of federal laws designed to protect against monopolies, and was filed in California, Colorado, Connecticut, Illinois, New York, North Carolina, Oregon and Virginia. https://apnews.com/article/nextstar-tegna-television-regulation-lawsuit-a6fa29ed77fec7fbd4461a4988dd6730 #TV #Cable #Television #Nexstar #Tegna #FCC #Media #Lawsuit #MediaMerger #AntiTrust #ABC #CBS #NBC #FOX #DirecTV #CableTV #Monopolies
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