FCC Greenlights $3.5B Tegna Sale to Nexstar Despite State Pushback
The long running media deal between Nexstar Media Group and Tegna Inc has reached a major turning point. The Federal Communications Commission has now approved the $3.5 billion acquisition, clearing one of the biggest hurdles for the transaction. However, the story is far from over. Several state level objections and legal risks still remain, creating what analysts are calling an unpriced regulatory risk for investors.
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