Nexstar-Tegna Deal on Hold Until Final Court Ruling, Judge Says

Nexstar Media Group Inc. was ordered by a California federal judge to keep operating Tegna Inc. as a separate company until he has issued a final judgment on whether to allow a merger that would create the largest local TV operator in the US.

US District Judge Troy L. Nunley in Sacramento on Friday extended an order he imposed last month to maintain the status quo as the case makes its way to trial. He did not set a trial date.

In a 52-page ruling, the judge said that allowing Nexstar to move ahead with its integration of Tenga would ...