merger

The companies said the majority of the cost synergies would be achieved within the first three years after completion of the merger.

But some local PCCs have opposed the idea of force mergers.

The possible Nexstar-Tegna deal and the raising of potential changes to the rules, has triggered other TV companies to seek mergers.

Even then, shares have badly lagged behind the overall market since the Discovery merger.

His fund owns the railroad Union Pacific, which he thinks can compete more effectively against trucking firms following the completion of its planned merger with Norfolk Southern.