$6.2 Billion Nexstar-Tegna Merger Closes Despite Lawsuit and SoCal Defense Startups Secure Funding Boost

A deal to merge two of the largest local television news companies, Nexstar and Tegna, closed Thursday despite a lawsuit from the attorneys general of eight states to block it. The Federal Communications Commission and the Justice Department approved the $6.2 billion deal, clearing the way for Nexstar to expand its already massive broadcast operation. Meanwhile, Muslims around the world are celebrating the holiday of Eid al-Fitr, marking the end of the holy month of Ramadan. It's a day traditionally greeted with joy as families and friends gather in prayer, enjoy traditional delicacies, and take part in vibrant festivities, but this year the celebration comes amid conflict, with war in and across the Middle East. In business, Edison International's CEO received a significant pay raise despite ongoing scrutiny over its potential role in the fatal Eaton Fires, and a new bipartisan bill restored billions in federal funds to help Southern California aerospace and defense startups. Read...