(Reuters) -The U.S. Department of Justice has sought additional information and documents as it reviews broadcaster Nexstar Media’s $3.54 billion bid to buy smaller rival Tegna, a deal that would create a local-TV powerhouse.
The DoJ’s demand would extend the waiting period for closing the transaction until 30 days after both the companies have substantially complied with the request, Tegna said in a filing on Friday.
This marks another stage in the review of the proposed deal, which already faces significant regulatory hurdles despite expectations of lenient antitrust policies under U.S. President Donald Trump.
If approved, the deal would strengthen Nexstar’s position as the largest U.S. regional TV station operator and enhance its bargaining power with advertisers and pay-TV distribut

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