The FCC’s Administrative Law Judge has affirmed a Media Bureau decision to issue a Hearing Designation Order to consider concerns raised by the proposed acquisition of TEGNA by Standard General, putting the privatization effort led by Soohyung Kim in a precarious situation.
Standard General, TEGNA and Cox Media Group, which is majority-owned by Apollo Global Management, which would take a significant minority stake in a “new TEGNA,” wanted the ALJ to certify to the full Commission an immediate application for review of the Order.