Nexstar COO Mike Biard defends immediate closure of $6.2B Tegna merger amid legal uncertainty
By
Dade Hayes
Summary
Nexstar COO Mike Biard defends the company's decision to immediately close its $6.2 billion merger with Tegna after FCC approval, despite a subsequent legal challenge that has left the deal in limbo. In an interview, Biard explains the urgency of closing deals when regulatory and financial conditions align, and discusses the broader state of pay-TV and the outlook for The CW network.
Source
DeadlineNexstar COO Mike Biard defends immediate closure of $6.2B Tegna merger amid legal uncertaintydeadline.comKey quotes
· 2 pulledNot at all.
We had banks lined up [to fund payouts to Tegna shareholders]. When that happens, in these situations, you close. You don't have the luxury of just assuming that everything is going to be in that moment forever. You just don't know what you
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