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$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…
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