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The sale will also result in the realignment of station holdings presently associated with both companies: Standard Media's four stations WDKA, WLNE-TV, KBSI, and KLKN will be sold to Cox Media Group, which will then divest its Boston station WFXT to Tegna and Standard General, and acquire WFAA / KMPX, KHOU / KTBU, and KVUE, from Tegna.
Tegna Inc. 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 ...
As part of the sale, Standard General will sell Standard Media to Cox Media Group, which will also acquire Tegna's stations in Dallas–Fort Worth, Houston, and Austin (including WFAA, KHOU, and KVUE ). WFXT in Boston will then be divested to Standard General.
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 said on Monday it was investigating an investor's claim that the U.S. regional TV station operator should recover trading profits from its largest shareholder, hedge fund Standard ...
Big publicly-traded broadcaster Tegna, which has been in play for months, agreed to sell itself to Standard General and investors led by Apollo Global Management and its Cox Media Group. It’s a ...
The sale was completed on September 19, 2019. On February 22, 2022, Tegna announced that it would be acquired by Standard General and Apollo Global Management for $5.4 billion. The sale never received FCC approval and was canceled on May 22, 2023. News operation WQAD studios in Moline.
Investment firm Standard General has struck a deal to purchase TV broadcaster Tegna Inc. for $24 per share in cash, the companies announced Tuesday. That’s approximately $5.4 billion total ...