The FCC‘s Media Bureau, led by Holly Saurer, strong believes that the privatization of broadcast TV station owner TEGNA by Soo Kim-led Standard General, with a significant minority non-voting investment from Cox Media Group majority stakeholder Apollo Global Management, presents so many questions and concerns that it issued late Friday a Hearing Designation Order — putting a closing date on ice, at the very least.
It is now known that the hearing process, which makes Administrative Law Judge Jane Hinckley Halprin a key arbiter in a politically charged merger acquisition, is far from what the two Republican Commissioners desire.
