EXCLUSIVE: Nexstar Media Group COO Mike Biard did not hesitate when asked if he had any second thoughts about the company’s decision to declare its $6.2 billion merger with Tegna closed mere minutes after the FCC approved the deal.
“Not at all,” he told Deadline in an interview. In addition to FCC and Department of Justice approval, Biard said, “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
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