Standard General, the Wall Street private investment house led by Soohyung Kim that has been planning to purchase TEGNA with a significant minority investment from Cox Media Group majority owner Apollo Global Management, is requesting that the FCC’s Administrative Law Judge certify an immediate appeal of the Media Bureau’s order that designates the proposed transaction for a hearing.
What does Kim want? He believes the ALJ should not be empowered with determining whether or not the TEGNA deal passes regulatory muster and, instead, the four Commissioners should be the sole arbiters in the matter.
