Nexstar Media Group Inc
NXST: XNAS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| vC& | LOCK|?q> | LOCK|!Kn$B^ |
Nexstar: Acquisition of Tegna Is Completed; Ongoing Legal Challenges Will Now Be Seeking a Reversal
Nexstar announced the completion of its Tegna acquisition moments after the US Department of Justice and Federal Communications Commission abruptly approved the deal and waived the TV station ownership cap that would have clearly prevented the merger. Eight states and DirecTV have filed lawsuits.
