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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 ...
On February 22, 2022, Tegna announced that it had agreed to be taken private by a group led by Standard General and Apollo Global Management for $24 per-share, valuing the company at $5.4 billion. The company, which will retain the Tegna name, will be controlled by an affiliate of Standard General, with Standard Media CEO Deb McDermott (who ...
Standard Media Group LLC. Standard Media Group is an American broadcast and digital media company based in Nashville, Tennessee. Standard Media was founded in 2018 by Deborah A. McDermott, who serves as the company's CEO. Previously, McDermott was the chief operating officer of Media General and CEO-president of Young Broadcasting.
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 ...
Standard General L.P. 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]
Tegna, which owns 64 news brands in 51 U.S. markets, had agreed to be acquired by Standard General in a $5.4 billion all-cash deal in February. UPDATE 1-Regulator seeks more documents in Standard ...
It’s a cash deal for $24 a share. That comes to an equity value of $5.4 billion, or $8.6 billion including the assumption of debt. Big Broadcaster Tegna Sold To Standard General, Apollo Global
On February 22, 2022, as part of Standard General's acquisition of Tegna Inc., as well as Cox Media Group's acquisition of the four Standard Media television stations, along with WFAA, KMPX, KVUE, KHOU and KTBU, Cox announced that it would sell WFXT to an affiliate of Standard General. The deal was canceled on May 22, 2023.