Can A Pro-Deal Website Woo FCC On TEGNA Privatization OK?


The transaction should have closed by now. Alas, Soohyung Kim and his team at Standard General still await regulatory approval of their proposed acquisition — with Cox Media Group controlling interest holder Apollo Global Management on as a non-voting minority shareholder — of TEGNA.

To try to get the FCC’s OK, Standard General has since early December offered an array of concessions. It has also repeatedly issued statements touting the worthiness of its planned deal, which is tied to an open docket at the Commission bearing a Comment Date of Friday (1/13).

Now, Standard General has created a website with its version of the “facts” surrounding the deal as its latest ploy to get a deal that dates to September 2021.


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