
Director Patrick Wally
Courtesy of WyFilm
Nexstar Media Group declined to provide a long-term earnings forecast to Wall Street on Thursday as its $6.2 billion Tegna merger sits in legal limbo following a challenge from DirecTV and a group of state attorneys general.
While the deal closed in March after receiving approval from the FCC and Department of Justice, a U.S. District judge put it on pause after siding with DirecTV and the state AGs that the deal could harm competition and violates antitrust laws. The judge subsequently issued a preliminary injunction requiring the two local station owners to continue operating separately while the case plays out in court.
“Given the current situation, operationally, we’re in a bit of an unprecedented place right now with the court order until we can be heard by the appellate court, go to trial or settle the case,” Chief Financial Officer Lee Ann Gilha said during the company’s first quarter earnings call. “Given the number of variables, I’m sure you’ll appreciate that for now, forward-looking guidance will be limited. We understand the market does not like uncertainty, so we’re going to do our best to keep you up to speed as much as we can, given the constraints placed upon us.”
Nexstar’s CEO Perry Sook confirmed that the company has filed an appeal before the Ninth Circuit Court of Appeals as the case heads to trial in the U.S. District Court for the Eastern District of California. The company has hired attorney Beth Wilkinson, who served as the NFL’s lead trial counsel in the Sunday Ticket antitrust case.
In addition, Sook said that there is a separate challenge to the FCC’s approval of the transaction pending before the DC Circuit Court, which has denied a request for an emergency stay finding it lacks jurisdiction. Nexstar and the FCC have been directed to file a response to the petition by May 11.
Despite industry consolidation, Sook argued that Nexstar still operates with a “fraction of their ubiquitous reach and financial resources,” prohibiting the company and others in its industry from “competing on a level playing field” with big tech and national media.
He added that the Tegna deal is an “important step in solidifying our future and our ability to continue providing these valuable services to local communities across the United States.”
“We believe we will prevail on the merits of this case. We are confident in our arguments, expressed in detail in the FCC order approving the transaction, that a stronger, more financially resilient local broadcast industry is in the public’s best interest,” Sook told analysts. “We believe this is a fight worth having for us, for our industry and for the future of local journalism.”
Under the original terms of the deal, Nexstar would have had 265 television stations in 44 states and the District of Columbia, representing a reach of 80% of U.S. television households, adding Big-4 affiliate stations in Phoenix, Atlanta, Toledo and Portland. The combined company would have also had stations in nine of the top 10 markets, and in 41 of the top 50.
In order to close the deal, Nexstar agreed to divest six stations across six different DMAs and made commitments to affordability and localism. Its approval was also subject to raising or eliminating the 39% national TV ownership cap put in place by Congress in 2004 to protect viewpoint diversity, as well as prevent monopolization. However, instead of modifying the ownership rules, FCC Chairman Brendan Carr granted the companies a waiver and defended that the decision would empower broadcast TV stations and foster local journalism.
Though the FCC did not take action on the ownership cap, Sook said the industry is “still on a path to regulatory deregulation” and isn’t ruling out the possibility of FCC chairman Brendan Carr starting a proceeding to eliminate the national ownership cap.
“If you go back and look at public statements that [FCC chairman Bredan Carr] made since he was a commissioner, whether his party was in power or out of power, he has said these rules are antiquated relics of the past, and they need to go,” he said. “It’s not just as simple as putting out a press release and saying the rules have changed. There’s a lot of legal work that has to go into that, a lot of wordsmithing, a lot of consultation with advisors. So I would not suppose or presume that those actions are off track. It’s just, there’s obviously a lot going on, a lot of M&A in addition to ours that is under consideration at the FCC and the DOJ. So these things are moving through the pipeline, but I would not presume that they have stopped or will not move through the pipeline.”
Despite the freeze on the Tegna merger, the deal gave Nexstar $106 million in incremental revenue during the quarter for a total of $1.4 billion, or an increase of 13.1%.
Revenue was also boosted by higher advertising and distribution revenue from its legacy business units. Meanwhile, net profits climbed 64.9% to $160 million, primarily driven by the Tegna acquisition and increased political ad revenue.
Shares of Nexstar climbed 3% following its quarterly earnings results.
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EXCLUSIVE: Lightdox has acquired world sales rights to the documentary My Home of Wind and Sand ahead of its world premiere Tuesday at the Zurich Film Festival.
Filmmaker Patrick Wally spent over a decade on his film, a portrait of women’s rights, human rights and climate activist Najla Mohamed Lamin, who was born in a Sahrawi refugee camp in Algeria. Lamin has led a peaceful campaign supporting the right of Western Sahara to self-determination, a dream of Sahrawi refugees that has been frustrated for more than half a century.
Nobel Peace Prize nominee Greta Thunberg is expected to attend Tuesday’s world premiere and will participate in a conversation afterwards with Lamin. Thunberg visited the Sahrawi refugee camps last year, where she and Lamin conducted a workshop on climate change.

Director Patrick Wally
Courtesy of WyFilm
“Told through conversations with the filmmaker – who gradually becomes visible inside the story – the documentary refuses to reduce Najla to a symbol of a geopolitical conflict,” notes a synopsis. “Western Sahara is experienced through one person living its consequences in real time. Najla addresses international institutions, builds practical spaces for women and children, raises her family and continues to argue for peaceful resistance even as a generation born in exile grows older without a political resolution.”
The synopsis continues, “When armed conflict resumes after decades of ceasefire, the convictions that have shaped Najla’s public life are tested. The film follows her as she asks what pacifism, patience and agency can mean when history seems immovable – and whether one person can still create change inside circumstances that appear impossible.”

Najla Mohamed Lamin at the dunes near the Sahrawi refugee camp of Smara.
Courtesy of WyFIlm
Anna Berthollet, CEO of Lightdox, commented, “Najla has lived her entire life with an unresolved conflict. Yet Patrick’s film is not a geopolitical story; it is an intimate portrait of how she chooses to live, raise her children and build a future for her community. He spent eleven years following her journey and bringing her story and mission to the screen. At a time when Western Sahara is once again receiving international attention, we believe it is important that Najla’s perspective is part of that conversation. We feel very humbled to have been entrusted with bringing Patrick and Najla’s deeply personal story to audiences around the world.”

The border wall berm and Moroccan military base separating the Moroccan occupied territory from the
Polisario controlled territory of Western Sahara.
Courtesy of WyFilm
The unresolved status of Western Sahara has been largely ignored in the U.S. and much of the West, but it has kept the Sahrawi people in terrible limbo. Spain ruled the territory as its colonial possession for the better part of a hundred years, but after it ceded claims in the mid-1970s, hopes for the territory to determine its own future were dashed when Morocco took control of much of Western Sahara. The Polisario Front, representing the Indigenous Sahrawi people, seeks self-determination and is supported by Algeria (where the refugee camps are located). The United Nations officially designates Western Sahara as a “Non-Self-Governing Territory.”
In a director’s statement, Wally said, “When I met Najla ten years ago, I knew this film needed to be made. At the time I had never heard of the issue of Western Sahara. I thought of myself as reasonably informed about the struggles shaping the world, yet I knew nothing about more than 200,000 Sahrawis living for generations in refugee camps in the Algerian desert, established after the war and displacement of 1975. That absence in my own awareness shocked me.
“What struck me first, however, was not the conflict in the abstract but Najla herself. I was surprised by my own assumptions. Here was a woman raised in a refugee camp who was exceptionally articulate, politically precise and full of a vision for the future. She spoke about peaceful resistance, about a generation born in the camps, and about the endurance required to believe in a bright future when nobody outside seems able to see it.”

An aerial view of the Sahrawi refugee camp Smara, in the Algerian desert, near Tindouf.
Courtesy of WyFilm
Along with directing, Wally serves as the film’s cinematographer. The film is produced by Shirin Hooshmandi, Najla Mohamed Lamin, and Patrick Wally. Anna Kirst edited the film, with additional editing by Daniel Rutz. The music is by Ahmed Zain.
In addition to Tuesday’s world premiere at the Zurich Film Festival, My Home of Wind and Sand will hold public screenings on Wednesday, Thursday and Sunday.
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Hur Jin-ho’s historical thriller The Assassin(s) topped the Korean box office over the Chuseok holiday weekend pulling in more than 1.5 million admissions since its release on September 23.
Fresh from its world premiere at Toronto International Film Festival, the film has grossed $11.3M (KRW15.3BN) from 1,546,614 admissions over the first five days of release, according to data from the Korean Film Council (KOFIC). The Chuseok holiday officially ran for three days from Thursday, September 24 to Saturday, September 27.
Starring Lee Min-ho (Gangnam 1970), Park Hae-il (Decision To Leave), and Yoo Hai-jin (A Taxi Driver), The Assassin(s) revolves around the attempted assassination of South Korean President Park Chung-hee in 1974 that resulted in the death of the First Lady. A senior inspector (Yoo), veteran journalist (Park) and rookie reporter (Lee) set out to uncover exactly what happened and who was responsible, despite threats against their careers and their lives.
Coming in second over the holiday week (September 21-27) was Tazza: The Song of Beelzebub, a long-awaited sequel to a popular gambling franchise, which also opened on September 23 and took just over $6M from 813,842 admissions.
Christopher Nolan’s The Odyssey took third place in the weekly chart, adding another $5M to it record-breaking tally from 565,696 admissions. Released on August 5, the film has grossed just over $98M from 11.7 million admissions in the Korean market, making it the biggest import of the year so far.
Warner Bros Korea’s The Intern, a remake of the 2015 hit Hollywood comedy, came in fourth with an additional $2.6M for a cumulative total of $5.5M since its September 16 release. The film stars Choi Min-sik and Han So-hee in the roles originally played by Robert De Niro and Anne Hathaway in the original film.
Looking at figures for the entire week, The Intern was followed by US horror hit Obsession with $1.6M for a cume of $6.7M since its September 2 release. But looking solely at the weekend, Lee Chang-dong’s Venice winner Possible Love debuted in fifth position. Also opening on September 23, the Netflix-backed film, which is Korea’s official submission for Best International Feature at the Oscars, grossed around $1M in its first five days.
Historical drama The King’s Warden continues to hold Korea’s box office crown for the year to date, with box office of $120M from 16.9 million admissions; followed by The Odyssey, Spider-Man: Brand New Day ($69M from 9 million admissions), and two titles that debuted at this year’s Cannes film festival: Yeon Sang-ho’s Colony and Na Hong-jin’s Hope.
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Benjamin Satterley, the high-flying champion wrestler known variously to AEW and WWE fans as Pac, Bastard, Adrian Neville and Neville, has died. That, according to an announcement from All Elite Wrestling. He was 40.
Details surrounding his passing are unclear. Pac was featured at AEW’s All Out pay-per-view from Chicago on Saturday night. He challenged Andrade El Idolo for the AEW National Championship, but lost.
The statement from AEW reads in part, “A native of Newcastle upon Tyne, England, Satterley began his wrestling career in 2004 and went on to perform for wrestling organizations all over the world, captivating fans with innovative high-flying moves and incredible in-ring ability. Pac signed with All Elite Wrestling in 2019 and held multiple AEW Championships and competed in some of the most memorable matches in AEW history. Our condolences go out to Satterley’s family, friends and fans.”
In the AEW, Satterley was the outfit’s All-Atlantic Champion and a two-time World Trios Champion.
He won the NXT Championship in the WWE’s developmental adjunct and later became a two-time WWE Cruiserweight Champion.
Satterley was known as “The Man that Gravity Forgot” for his signature finishing move, a spectacular corkscrew shooting star press off the top rope. You can see it in the video below.
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