WHY THIS MATTERS:The case is part of the battle for control of Viacom pitting Dauman and other Viacom directors versus Redstone and his daughter Shari Redstone.
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If events go as expected, the FCC will approve the merger of Nexstar and Media General in a deal worth nearly $5 billion. The acquisition and absorption of Media General into Nexstar would result in the broadcasting industry's largest local broadcast group, with 171 stations in 100 markets, reaching 39% of television households in the United States. The new Nexstar Media Group would have a market capitalization of over $6 billion.