In May 2023, the sale of TEGNA to Standard General failed to reach the finish line, resulting in a non-consummation and, more than two years later, the company’s proposed sale to Nexstar Media Group.
Standard General head Soohyung Kim was hardly pleased, and in April 2024 sued the FCC and its then-Chairwoman and Media Bureau Chief for a decision to put his proposed TEGNA deal in front of an Administrative Law Judge. Race discrimination on the part of the Commission was at the crux of his legal battle.
It’s a judicial fight that has, pending any appeal, ended in the Commission’s favor.
