Standard General, the New York-based hedge fund led by Soohyung Kim, has been desperately trying to force the FCC to vote on its proposed acquisition of broadcast TV company TEGNA.
On Wednesday, its chief legal counsel, including Pillsbury Law attorney Scott Flick, were present at the Commission’s Washington, D.C., headquarters.
Why? An initial status conference in its hearing in front of the FCC’s Administrative Law Judge was held, and on Thursday an Order summarized what transpired.
The big takeaway: After discussing timing issues with the parties during the status conference, the Presiding Judge ruled that the optimal course of action is to suspend this hearing proceeding until further notice.
