Nexstar skips long-term earnings forecast with Tegna deal in legal limbo after DirecTV, state AG challenge
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Nexstar Media Group has refrained from issuing a long-term earnings forecast due to its $6.2 billion merger with Tegna being in legal limbo. The merger, which was approved by the FCC and Department of Justice, is currently paused following a U.S. District judge's ruling in favor of DirecTV and state attorneys general, who argue that the deal may harm competition.
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