Nexstar Stock Drops After Judge Orders Halt to Tegna Transaction
Nexstar Media Group shares fell about 9% on Monday after a federal judge in Sacramento granted DirecTV's request to pause the broadcaster's merger with Tegna Inc. Judge Troy L. Nunley issued a 24-page order instructing the companies to stop further efforts to combine while a lawsuit by DirecTV and a coalition of state attorneys general, led by Cali…