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UPDATE: Standard General blasted the FCC’s decision to send its proposed acquisition of Tegna to an administrative law judge, accusing the agency of trying to scuttle the deal by delaying it. On ...
Tegna Inc. (stylized in all caps as TEGNA) is an American publicly traded broadcast, digital media and marketing services company headquartered in Tysons Corner, Virginia. [3][4] It was created on June 29, 2015, when the Gannett Company split into two publicly traded companies. Tegna comprised the more profitable broadcast television and ...
Standard General L.P. is an American hedge fund headquartered in New York City. It was founded in 2007 by Soohyung "Soo" Kim and Nicholas Singer with seed capital from Reservoir Capital Group. Since 2013, Soo Kim has been the Managing Partner and Chief Investment Officer. [1]
The National Association of Broadcasters is trying to stimulate forward momentum in the stalled review of private equity firm Standard General’s takeover of major TV station group Tegna. The $8. ...
WFXT in Boston will then be divested to Standard General. [9] [10] [11] The sale was approved by Standard General and Apollo Global Management on May 17, 2022. [12] [13] In February 2023, it was confirmed that the deal would be given a hearing before an administrative law judge, which the FCC Commissioner's Board voted to remand the merger ...
The company’s response to filings in the FCC review of its proposed Tegna acquisition also highlighted significant support for proposed acquisition
WFXT will be divested to Standard General. [26] [27] [28] The sale was approved by Standard General and Apollo Global Management on May 17, 2022. [29] On February 24, 2023, it was confirmed that the deal would be given a hearing before an administrative law judge, which the FCC Commissioner's Board voted to remand the merger review. [30]
Standard General is taking television station owner Tegna private in a deal valued at about $5.4 billion. An affiliate of Standard General will pay $24 in cash for each Tegna share. The ...