Connect with us
DAPA Banner

Business

Nexstar, Tegna merger closes after winning regulatory approval

Published

on

Nexstar, Tegna merger closes after winning regulatory approval

Pavlo Gonchar | Sopa Images | Lightrocket | Getty Images

Nexstar Media Group closed its acquisition of fellow broadcast station group owner Tegna after sealing regulatory approval, despite antitrust lawsuits filed against the deal in recent days.

Nexstar’s $6.2 billion merger with Tegna brings together more than 260 local broadcast TV affiliate stations across the U.S.

Advertisement

Nexstar and Tegna, like other broadcast station group peers, have been looking to consolidate as the industry faces the same challenges as its cable and entertainment media counterparts — namely the drop in pay-TV customers due to the rise of streaming and tech options.

“This transaction is essential to sustaining strong local journalism in the communities we serve. By bringing these two outstanding companies together, Nexstar will be a stronger, more dynamic enterprise—better positioned to deliver exceptional journalism and local programming with enhanced assets, capabilities, and talent,” Nexstar CEO Perry Sook said in a statement.

“We are grateful to President Trump, [FCC] Chairman Carr, and the DOJ for recognizing the dynamic forces shaping the media landscape and enabling this transaction to move forward.”

In February, President Donald Trump endorsed the merger between Nexstar and Tegna in a TruthSocial post after months of criticism about the potential effects of the deal.

Advertisement

The proposed acquisition, which was announced in August, had been expected to close in the second half of 2026.

Broadcast station owners run the affiliate stations of the major networks like ABC, CBS, NBC and Fox, and are known for airing local news, sports and other broadcast content. The companies remain profitable due to hefty fees they receive from pay-TV distributors, and have argued that consolidation would preserve local TV news.

However, decades-old laws have prevented such mergers from happening in recent years.

The greenlight from the FCC and DOJ allows the deal to go through by waiving law that prevents any one company from owning broadcast stations that reach more than 39% of the U.S. TV households.

Advertisement

However, in recent days two federal antitrust lawsuits were filed in a move to block the merger — one from attorney generals in eight states, including California and New York, and another from satellite and streaming TV provider DirecTV.

The lawsuits each argue that the combination is anticompetitive and would drive up customer costs, reduce competition, lead to the closure of local newsrooms and cause TV blackouts of stations due to carriage fights with distributors over pricing.

“DIRECTV supports the action taken by the states and has determined it is necessary to join this effort to protect competition and consumers,” said Michael Hartman, general counsel and chief external affairs officer at DirecTV in a release. “We have consistently made clear that this merger is anti-competitive and not in the public interest and, if it goes forward, will trigger a wave of similar consolidation.”

Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news.
Advertisement
Continue Reading
Click to comment

You must be logged in to post a comment Login

Leave a Reply

Business

Asian Stocks Slide on Iran War Escalation

Published

on

Stocks Little Changed After Fed Decision

Asian stocks fell sharply Thursday as investors digested a series of attacks on energy infrastructure in the Middle East and the weakness on Wall Street in the previous session.

South Korea’s KOSPI Composite index declined 2.7% after its 5% jump in the previous session. The red-hot stock market is up 37% so far in 2026 but has been very volatile since the Iran war began.

China’s Shanghai Composite slipped 1.4%, while Japan’s Nikkei index closed 3.4% down, after jumping 2.9% in the previous session.

Continue Reading

Business

Suddenly Everyone in San Francisco Is a ‘Builder,’ Whatever That Means

Published

on

Suddenly Everyone in San Francisco Is a ‘Builder,’ Whatever That Means

SAN FRANCISCO—During the tech boom of the 2010s, coding teams here spent months building apps that changed the way we live.

Now, that’s just a Saturday night for an 11-year-old.

Copyright ©2026 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

Continue Reading

Business

Wall Street tumbles as Middle East turmoil fans inflation fear

Published

on

Wall Street tumbles as Middle East turmoil fans inflation fear


Wall Street tumbles as Middle East turmoil fans inflation fear

Continue Reading

Business

Argentina’s economy grows 4.4% in 2025, slightly below forecasts

Published

on


Argentina’s economy grows 4.4% in 2025, slightly below forecasts

Continue Reading

Business

Form 6K NatWest Group plc For: 20 March

Published

on


Form 6K NatWest Group plc For: 20 March

Continue Reading

Business

Gold Falls as Iran War Clouds Rate Outlook

Published

on

Stocks Little Changed After Fed Decision

Gold prices plunged below $4,800 a troy ounce, pressured by a stronger dollar and dimming hopes for further interest-rate cuts in the near term.

In early European trading, futures fell 2.9% to $4,755 an ounce, while the U.S. dollar index was up 0.1% to 100.18, making dollar-denominated commodities more expensive for overseas buyers.

The Federal Reserve held interest rates steady on Wednesday, as widely expected, but highlighted the risks that higher energy prices will lift inflation. “The rally in oil followed renewed escalation in the Middle East, with markets increasingly pricing the risk of disruptions to energy supplies and shipping routes,” ING analysts said.

Continue Reading

Business

iShares 10-20 Year Treasury Bond ETF: Thinking Long Term (NYSEARCA:TLH)

Published

on

iShares 10-20 Year Treasury Bond ETF: Thinking Long Term (NYSEARCA:TLH)

This article was written by

Daniel Martins is the founder of independent research firm DM Martins Research. The firm’s work is centered around building more efficient, easily replicable portfolios that are properly risk-balanced for growth with less downside risk. His work has been featured on Seeking Alpha and other platforms through 2,000+ articles, and it has been cited by the New York Times, CNN, Reuters, USA Today, and others.- – -Daniel is the founder and portfolio manager at DM Martins Capital Management LLC, a macro strategy hedge fund (leveraged risk-parity approach that uses return stacking to achieve aggressive long-term capital appreciation). He is a former equity research professional at FBR Capital Markets and Telsey Advisory in New York City and finance analyst at macro hedge fund Bridgewater Associates, where he developed most of his investment management skills earlier in his career. Daniel is also an equity research and global equities market instructor for Wall Street Prep, where he has developed content and trained hundreds of senior and junior analysts at some of the largest bulge bracket investment banks and sovereign investment funds in the world.He holds an MBA in Financial Instruments and Markets from New York University’s Stern School of Business.- – -On Seeking Alpha, DM Martins Research has partnered with EPB Macro Research and collaborated with Risk Research, Inc.

Analyst’s Disclosure: I/we have a beneficial long position in the shares of SPY either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha’s Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

Advertisement
Continue Reading

Business

Hints, Answers and Full Breakdown for Puzzle #649 on March 21, 2026

Published

on

Nancy Guthrie

The New York Times Connections puzzle for March 21, 2026 — puzzle #649 — challenges players with 16 words that demand sharp pattern recognition and a mix of general knowledge and clever wordplay. Released at midnight local time (with global access varying by time zone), today’s grid has drawn praise for its balanced difficulty, rated around 3.3 out of 5 by community trackers and the official NYT companion.

The New York Times Connections
The New York Times Connections

Connections, a daily word game that exploded in popularity since its 2023 debut, requires grouping 16 seemingly random words into four themed sets of four. Categories are color-coded: yellow for the most straightforward, followed by green, blue and purple for the trickiest, often involving puns or cultural references. Solvers get four mistakes before the game ends, encouraging strategic guessing and reshuffling.

**Today’s 16 Words**
COMPASS, ICON, SOAP, WORLD, LEGEND, EXAM, STENCIL, CHART, SCENE, RULER, MITZVAH, CIRCLE, GREAT, SPHERE, LION, T-SQUARE.

These words blend everyday terms with specialized vocabulary, creating red herrings like potential animal or measurement groupings that lead many astray.

**Progressive Hints for Each Category**
To guide without immediate spoilers, here are layered hints ranked by difficulty:

Advertisement

– **Yellow (easiest)**: Synonyms for one’s personal or social environment — think “in my ___” or “sphere of ___.”
– **Green**: Terms for highly admired or influential figures, often in entertainment, history or society — like a “social ___” or cultural “___.”
– **Blue**: Precise instruments found in an architect’s or engineer’s toolkit for technical drawings.
– **Purple (hardest)**: Words that complete the phrase “___ bar” in common compounds, from legal tests to hygiene items.

These clues draw from community sources like Mashable, Parade, TheGamer and Forbes breakdowns, which note the puzzle’s emphasis on contextual synonyms over strict synonyms in some groups.

**Full Answers and Detailed Breakdown**
Here are the complete categories with groupings and explanations:

**Yellow: Milieu** (A person’s surroundings, setting or sphere of activity/influence)
– CIRCLE (social circle)
– SCENE (the scene, as in local scene or music scene)
– SPHERE (sphere of influence)
– WORLD (one’s world, as in “in my world”)

Advertisement

This accessible group rewards recognition of idiomatic expressions for environment or social context. Many solvers spot it early due to the thematic consistency.

**Green: Luminary** (An outstanding or highly respected person in their field)
– GREAT (one of the greats)
– ICON (cultural icon)
– LEGEND (a living legend)
– LION (social lion, denoting a prominent, charismatic figure)

The category celebrates exceptional individuals. “Lion” trips up some as a potential animal red herring, but in context it fits perfectly as a metaphorical term for prominence.

**Blue: Architectural Drawing Tools** (Instruments used for precise technical or blueprint work)
– COMPASS (for circles and arcs)
– RULER (straightedge for lines)
– STENCIL (for lettering or shapes)
– T-SQUARE (for horizontal lines and right angles)

Advertisement

This specialized set appeals to those familiar with drafting or design. It stands out once players notice the technical theme, though “compass” can mislead toward navigation.

**Purple: Bar _____** (Phrases completed by adding “bar” before or after the word)
– CHART (bar chart)
– EXAM (bar exam)
– MITZVAH (bar mitzvah)
– SOAP (soap bar)

The hardest group relies on compound wordplay. “Bar mitzvah” and “bar exam” are cultural/legal staples, while “bar chart” and “soap bar” add everyday variety. This pun-heavy category often comes last, as solvers chase literal connections first.

**Player Performance and Common Pitfalls**
Community feedback from sites like Reddit, NYT’s own companion and solver polls shows many finish with 0-2 mistakes. The purple “bar” group causes the most errors — players often group SOAP with hygiene items or EXAM with tests without seeing the pattern. LION frequently gets misplaced with potential “big cat” themes or as a celebrity synonym outside the luminary context.

Advertisement

Strategy tips include scanning for obvious tool pairs (RULER + T-SQUARE), then hunting word endings or prefixes like “bar.” Shuffling the board helps spot overlooked links, and avoiding hasty one-offs preserves lives.

Today’s puzzle ties loosely into themes of environment, influence and precision — perhaps echoing the recent vernal equinox balance — though Connections categories stand alone. The NYT continues refining the game with fresh twists, maintaining its addictive appeal alongside Wordle.

Whether solved perfectly or with a few stumbles, March 21’s edition offers satisfying “aha” moments. Players who conquered it can share grids on social media; those still puzzling have tomorrow’s reset to try again. Connections remains a daily highlight for word lovers worldwide, proving simple mechanics can deliver endless challenge.

Advertisement
Continue Reading

Business

Trump-backed television merger moves forward

Published

on

Trump-backed television merger moves forward

Critics fear the consolidation will add to strains facing local news and degrade coverage.

Continue Reading

Business

Western Bulldogs Edge Adelaide Crows in Thrilling Round 2 Clash at Adelaide Oval

Published

on

Adelaide vs Bulldogs: Western Bulldogs Edge Adelaide Crows in Thrilling

ADELAIDE, Australia — The Western Bulldogs held off a fast-finishing Adelaide Crows side to claim a hard-fought six-point victory, 14.10 (94) to 13.10 (88), in Round 2 of the 2026 AFL premiership season on Friday night at Adelaide Oval.

Adelaide vs Bulldogs: Western Bulldogs Edge Adelaide Crows in Thrilling
Adelaide vs Bulldogs: Western Bulldogs Edge Adelaide Crows in Thrilling Round 2 Clash at Adelaide Oval

The result, sealed in a tense final quarter, keeps the Bulldogs undefeated at 2-0 and positions them among the early ladder leaders with a percentage of 154.1. For the Crows, the narrow loss drops them to 1-1, highlighting defensive lapses despite a strong comeback effort that nearly turned the game.

Played under clear skies with a crowd of around 42,000, the match lived up to pre-game hype as a potential shootout between two attacking teams. Adelaide entered as slight favorites at home, buoyed by a Round 1 upset win over Collingwood, while the Bulldogs carried momentum from a dominant 81-point thrashing of GWS Giants.

The Bulldogs struck first with early goals to key forwards, building a 22-18 lead by quarter time. Their midfield, led by Marcus Bontempelli and Jack Macrae, won crucial clearances and generated clean entries inside 50. Adelaide responded in the second term, but the Bulldogs extended their advantage to 47-32 at halftime through efficient scoring and pressure acts.

A pivotal third quarter saw the Bulldogs maintain control, pushing the margin to 73-55. They dominated contested possessions and tackles, with standout performances from midfielders and defenders shutting down Adelaide’s key forwards. The Bulldogs’ pressure rating remained high, forcing turnovers that fueled their attack.

Advertisement

The final term belonged to the Crows. Trailing by 18 points at three-quarter time, Adelaide mounted a spirited charge, kicking five goals to one in the last stanza. Izak Rankine, Taylor Walker and Jordan Rachele combined for crucial majors, narrowing the gap to a single point on multiple occasions. A rushed behind and a late goal to the Bulldogs’ forwards proved decisive, with a brilliant snap from a Bulldogs forward sealing the win in the dying minutes.

Post-match statistics underscored the Bulldogs’ dominance in key areas: 767 disposals to Adelaide’s 387, 84 clearances to 29, and superior tackling numbers. The Crows led in hit-outs and inside-50s at times but struggled to convert opportunities, finishing with 13.10 from 55 entries.

Bulldogs coach Luke Beveridge praised his side’s resilience. “We knew Adelaide would come hard in the last, and our boys stood up,” he said. “The midfield’s work rate and the way we absorbed pressure was outstanding. It’s a big win on the road against a quality opponent.”

Adelaide coach Matthew Nicks acknowledged the effort but pointed to early deficits. “We fought back brilliantly, but you can’t give a team like the Bulldogs a head start,” he said. “Credit to them for holding on. We’ve got areas to fix before next week.”

Advertisement

Standouts included Bulldogs captain Bontempelli with high disposals and clearances, while Rankine and Dawson shone for the Crows with goals and run. The match featured several momentum swings, with injuries minimal and both teams avoiding major setbacks.

The result bolsters the Bulldogs’ credentials as early contenders, joining Gold Coast and others at the top after strong starts. Adelaide’s loss highlights the importance of consistency against top sides, especially in high-pressure finals-like atmospheres.

With Round 2 continuing Saturday featuring Richmond vs. Gold Coast, GWS vs. St Kilda and Fremantle vs. Melbourne, the league’s early narrative focuses on emerging form lines. The Bulldogs’ road win in Adelaide adds to their reputation as a tough, resilient outfit capable of grinding out results.

Fans and analysts will dissect the final minutes, where Adelaide’s surge fell agonizingly short. The Bulldogs’ ability to respond under pressure could prove crucial as the season unfolds toward September.

Advertisement

As the 2026 campaign builds, Friday night’s thriller at Adelaide Oval delivered entertainment and intrigue, underscoring the AFL’s competitive depth from the outset.

Continue Reading

Trending

Copyright © 2025