LOS ANGELES — As the 8am Pacific hour began, the Opening General Session of the Media Finance Management annual conference began with Beasley Media Group Chief Financial Officer Marie Tedesco — MFM Board Secretary and Conference Co-Chair — appearing alongside MFM Board Vice-Chair and Conference Co-Chair Lori Locke, the EVP and Chief Accounting Officer at Warner Bros. Discovery.
With an agenda heavy on CFO-focused needs including credit and collections, and “scalable and sustainable opportunities,” the gathering at the Loews Hollywood Hotel promises to be the center of attention for all broadcast finance leaders. However, some may be anxiously turning their eyes on Washington, D.C., or New York, as an all-important deadline has passed for Standard General, the hedge fund owned by Soohyung Kim that has proposed to acquire TEGNA.
The funding deadline was Monday, May 22. What will Tuesday bring for Soo Kim, who owns the hedge fund? What’s ahead for TEGNA and, perhaps, the FCC, which declined to put the much-discussed deal to a full FCC vote?
Answers arrived just before 5pm Eastern.
