KTLA-TV owner Nexstar violated court order, a federal judge finds

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Set us as preferred A federal judge blasted KTLA-TV Channel 5’s owner, the Texas-based Nexstar Media Group, on Thursday for violating a court order and for failing to disclose key information.U.S.District Judge Troy L.
Nunley found that Nexstar’s actions violated terms of an April preliminary injunction that was designed to prevent the media company from moving forward with its $6.2-billion takeover of rival TV station group Tegna Inc.and meddling with its management.The judge called Nexstar’s actions “brazen.” He demanded the company begin submitting monthly reports and said a special master would be appointed to help manage the antitrust case and monitor Nexstar for compliance.
And Tegna’s recently constituted board — filled with high-level Nexstar officials — must be dissolved.A Nexstar spokesman wasn’t immediately available for comment.Nexstar unveiled its Tegna takeover a year ago.
At the time, TV stations were lobbying the Federal Communications Commission to relax station ownership rules, a move that occurred Thursday in a split decision.Last spring, California Atty.Gen.
Rob Bonta and seven other state attorneys general challenged Nexstar’s proposed acquisition, alleging the roll-up of more than 250 local TV stations would violate a U.S.antitrust law intended to protect consumers and competitive markets.
Bonta and other plaintiff states argued the consolidation would lead to local newsrooms shuttering, particularly in smaller markets, such as Sacramento and Indianapolis, where Nexstar would own multiple network affiliates.Despite Bonta’s lawsuit, Nexstar hurried the next day to finalize its purchase of Virginia-based Tegna and swallow the operation.Tegna disbanded, its shareholders were paid and top Tegna executives exited.
Hollywood Inc.The judge ruled that Nexstar “must immediately cease...