Nexstar's CEO Perry Sook detailed the next phases of the ongoing legal battle related to the recently acquired rival media company Tegna during an earnings call with analysts on Thursday. This $6.2 billion merger has been completed following a directive court ruling, but it faces various legal hurdles.

At the beginning of the call, Sook explained the current status of the fight, revealing a lawsuit initiated and completed by 13 state attorneys general (including California, New York, Indiana, Kansas, Massachusetts, Pennsylvania, and Vermont) aimed at reversing the merger. These lawsuits, focused on allegations of monopolization, have created significant legal challenges. Although Nexstar's acquisition of Tegna has been approved by the FCC and the antitrust division of the Department of Justice, the core argument of the ongoing lawsuits revolves around claims of monopoly.

Nexstar has currently filed an appeal in favor of this decision and must respond by May 11. During this time, the company will evaluate all its legal options and determine its strategy.

In response to analysts' questions about potential other obstacles in resolving Tegna's ownership, Sook stated, "We provided you with a complete list of all known threats and ongoing lawsuits." He emphasized that the company has not identified any other threats in this regard and has disclosed all challenges they may face based on information.

Following the Tegna merger, Nexstar has become a significant player in the media industry. However, legal appeals and processes continue to remain the biggest obstacles for the company completing this major transaction. Developments and court rulings will determine the final outcome of the merger in the coming months.