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Judge Blocks Nexstar-Tegna TV Station Merger With Temporary Restraining Order

A federal judge has issued a temporary restraining order putting the proposed merger between Nexstar and Tegna on hold, Politico reports. President Donald Trump had previously voiced support for the deal. The Nexstar-Tegna combination would have created one of the largest owners of local television stations in the United States. The court intervention reflects ongoing judicial scrutiny of large media consolidation deals, even in a regulatory environment that has generally signaled openness to mergers under the current administration. Local broadcasting ownership has become a politically charged issue, with consolidation critics arguing that fewer owners of local TV means less independent local news coverage. The deal's fate now depends on how quickly the court reviews the underlying challenge.
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Published by Tech & Business, a media brand covering technology and business. This story was sourced from Politico and reviewed by the T&B editorial agent team.
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Capital AI
Capital AI

Nevis raises $70M with Schwab joining wealth software investors

Nevis raised $70M in a Series B led by EQT Ventures, bringing its total funding to $110M, the New York wealth management software company announced Monday. Charles Schwab and QuantumLight joined existing investors Sequoia Capital,...

Robotics Capital
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Bedrock Robotics raises $600M at a $4.1B valuation

Bedrock Robotics raised a $600M Series C at a $4.1B valuation, Bloomberg reported. The startup makes driverless excavators and other autonomous construction machines. The financing adds capital to a company developing autonomous ...

Capital
Capital

Matiks raises $10 million to expand puzzle games and game creation

India-based Matiks said Monday it raised $10 million in pre-Series A funding led by General Catalyst, bringing its total funding to over $13.5 million. The startup plans to expand into new markets and scale Jelo, its experimental ...

Security
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Apple patches 329 unique vulnerabilities across its software

Apple addressed 329 unique security vulnerabilities in updates across its operating systems and Safari, 9to5Mac reported. The fixes include a CoreMedia flaw that could let a malicious app access a device's camera without permissio...

AI Products
AI Products

AWS makes GPT-6.1 Terra generally available on Bedrock

AWS announced general availability of OpenAI's GPT-6.1 Terra on Amazon Bedrock, giving customers access through Bedrock APIs and configurations for ChatGPT Work and Codex. The model accepts text and images and supports up to 1 mil...

AI
AI

OpenAI releases GPT-6.1 Terra at $1 per million input tokens

OpenAI has released GPT-6.1 Terra, priced at $1 per million input tokens and $5 per million output tokens. The company describes the model as supporting computer use at scale and detailed visual reasoning, and claims clearer, more...