The Federal Communications Commission announced yesterday (Thursday) that it has approved local television giant Nexstar Media Group’s $6.2 billion takeover of Tysons-based rival Tegna.
Earlier that same day, Virginia Attorney General Jay Jones and his counterparts in seven other states filed a lawsuit in the U.S. District Court in Sacramento, California, arguing that the merger will illegally reduce competition in journalism and the broadcasting industry while resulting in increased prices and worker layoffs.