Overview
- Nexstar told a federal judge it cannot fully follow the temporary restraining order that freezes its $6.2 billion purchase of Tegna.
- The company says post‑closing steps, like payroll and systems integration, cannot be rolled back without disrupting employee pay.
- Nexstar says SEC and lender rules now require it to report Tegna’s finances in Nexstar filings, which it argues clashes with the freeze.
- It says Tegna’s TV carriage deals were replaced by Nexstar contracts at closing, leading distributors to question which rates and terms apply.
- Nexstar also points to tension with FCC conditions that require six station divestitures and short‑term rate extensions, and it asks the judge to narrow the order before an April 7 hearing following a March 26 hold‑separate ruling.