Deals & M&A
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Nexstar Stock Falls Over 8% After Judge Pauses Tegna Merger
An April 7 hearing has been set to determine whether the $6.2 billion deal violates antitrust law and will require a preliminary injunction to stop it
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How the Iran War Could Squeeze Hollywood’s Middle East Cash Pipeline | Analysis
Experts warn a prolonged conflict could drive up costs and slow the flow of future investments
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Judge Pauses Nexstar-Tegna Merger Over DirecTV Lawsuit
Nexstar and Tegna closed its deal last week after nabbing FCC approval
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Warner Bros. Discovery Sets Paramount Merger Shareholder Vote
Shareholders of record are set to vote on the $110 billion deal during a special meeting on April 23 at 10 a.m. ET
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Brendan Carr Says Gavin Newsom’s Nexstar-Tegna Opposition Is Driven by ‘Liberal Hollywood Donors’
“Gavin Newsom isn’t standing up to me for any legitimate interest,” the FCC chairman adds
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Los Angeles County Board of Supervisors Greenlights Economic Analysis of Paramount-WBD Merger
The study will be conducted by the Department of Economic Opportunity, who will report back in 60 days with an interim update and 120 days with final findings and recommendations
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Disney Ends $1 Billion OpenAI Partnership After Sora Shuts Down
The entertainment giant says it will continue to engage with AI platforms to “find new ways to meet fans where they are while responsibly embracing new technologies that respect IP and the rights of creators”
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Gavin Newsom Slams FCC Approval of $6.2 Billion Nexstar-Tegna Merger: ‘An Outrage and Disgrace’
The California governor warns the “consolidation of right wing media parroting right wing talking points is happening in plain sight,” while praising his state for suing to block the deal
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Democratic Senators Urge FCC to Conduct Foreign Investment Review of Paramount-Warner Bros. Deal
The group of lawmakers, led by Sen. Cory Booker, say the potential involvement of China’s Tencent and three Middle Eastern sovereign wealth funds demands “rigorous, not perfunctory, review”
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California, New York and 6 More States File Emergency Motion to Halt Nexstar-Tegna Merger
“The Trump Administration has once again put corporate interests ahead of the interests of everyday Americans — not on our watch,” California AG Rob Bonta says
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Nexstar Closes $6.2 Billion Tegna Merger With FCC Approval
“We are grateful to President Trump, Chairman Carr and the DOJ,” Nexstar founder and CEO Perry Sook says
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DirecTV Files Antitrust Lawsuit to Block $6.2 Billion Nexstar-Tegna Merger
The complaint states the acquisition would drive up consumer costs, reduce local competition and shatter local newsrooms
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David Ellison Hopes to ‘Build a Stronger Hollywood’ and Save Jobs by Keeping Paramount and WBD Operating Separately
“I firmly believe that uniting Paramount and Warner Bros. Discovery presents a unique opportunity to build a true champion for the creative community,” he writes in a letter to lawmakers
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What Will Happen to Warner Bros. Games Under Paramount?
Experts warn that the publisher behind hits like “Hogwarts: Legacy” and “Mortal Kombat” could suffer a fatality in the name of merger cost cuts
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Deals & M&A
Available to WrapPRO members
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California, New York and 6 More States Sue to Block $6.2 Billion Nexstar-Tegna Merger
“This merger is illegal, plain and simple, running contrary to federal antitrust laws that protect consumers,” California Attorney General Rob Bonta says