“Today, my office has filed a lawsuit to block the proposed merger of broadcasting giants Nexstar and Tegna. This merger would cause incredibly high levels of concentration in local TV markets and is expected to raise cable and satellite prices across the country, causing irreparable harm to local news and consumers who rely on their reporting as a critical source of information,” said Attorney General Bonta. “If approved, this multibillion-dollar deal would combine the nation’s largest and third-largest television-station conglomerates, creating a behemoth covering 80% of U.S. television households. This merger is illegal, plain and simple, running contrary to federal antitrust laws that protect consumers. When broadcast media is owned by a handful of companies, we get fewer voices, less competition, and communities lose the critical check on power that local journalism delivers.”
The lawsuit, filed today in the U.S. District Court for the Eastern District of California, alleges that the merger clearly violates Section 7 of the Clayton Act, which holds that mergers that substantially lessen competition or tend to create a monopoly are illegal. If the Nexstar/Tegna merger is allowed to proceed, local markets will immediately see a lessening of competition, including both the Sacramento and San Diego markets.