WASHINGTON, May 20 – Nexstar Media Group filed a request with a federal appeals court on Wednesday evening, asking judges to speed up their examination of a court ruling that put the brakes on its acquisition of competing broadcaster Tegna. The company argues the postponement has resulted in tens of millions of dollars in lost operational savings that cannot be recovered.
On April 17, a judge in California issued a temporary halt to the $6.2 billion transaction after facing opposition from twelve state attorneys general along with DirecTV.
If completed, the acquisition would form the nation’s most extensive broadcast station network, with programming reaching 80% of American households. Nexstar is pushing for the appeals court to set oral arguments for August regarding the proposed transaction.
