WASHINGTON, May 20 (Reuters) - Nexstar Media Group asked a U.S. appeals court late on Wednesday to expedite a review of a lower-court order that has halted its merger with rival broadcaster Tegna, saying the delay has cost it tens of millions of dollars in unrecoverable operational efficiencies.
A California judge on April 17 temporarily blocked the ?$6.2 billion deal from proceeding, which has been challenged by a dozen state attorneys general and DirecTV.
The deal would create the largest broadcast station group in the United States, reaching 80% of households. Nexstar wants an appeals court to schedule oral arguments for August on the deal.
(Reporting by David Shepardson; Editing by Tom Hogue)
Nexstar Media Group, Inc. is a diversified media company, which produces and distributes engaging local and national news, sports and entertainment content across its television and digital platforms. The Company's reportable broadcast segment includes television stations and related local websites that it owns, operates, programs or provides sales and other services to in various markets across the United States, NewsNation, a national cable news network, two owned and operated multicast networks and other multicast network services, and WGN-AM, a Chicago radio station. The other operating segments, The CW and digital businesses, focused on the national marketplace. Its divisions include television (TV) stations, networks, digital technology and operations, and ATSC 3.0. Its portfolio of digital assets, including its local TV station websites, The Hill and NewsNationNow.com. Its national television properties include The CW, NewsNation, Antenna TV, Rewind TV, and TV Food Network.
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