States argue deal would create largest broadcast station group in US, cut jobs and increase consumers’ cable bills
Eight states asked a US judge on Friday to issue a temporary restraining order to stop a $3.5bn merger of Nexstar Media Group and Tegna.
On Thursday, the local broadcast station owners received merger approval from the Federal Communications Commission (FCC) and the US Department of Justice and said they had closed the transaction two hours after approval, the day after the states filed their lawsuit.
The states argue that the deal, which would create the largest broadcast station group in the US, would “put more broadcast programming in the hands of fewer people, cut local jobs, increase cable bills, and significantly impact the delivery of news and other media content to Americans nationwide”.
They also need to break up the current monopolies or oligopolies.
Could we even attempt to care about the reckless media mergers? Maybe tap the brakes for appearances? At the very least try to lie to us? Holy shit
There’s no reason to hide it. The oligarchs have won. We have no power save violence once the courts have completely rotted from the inside.
The United States is hilarious, because it pretends that its regulatory bodies actually do something.
Lina Khan would like a word. The FCC was phenomenal under her leadership. Do you think these institutions didn’t exist prior to the second Trump administration?
The regulatory bodies do something, they take bribes and waste taxpayers’ money.
This is what we get when we allow regulatory capture.
