Hedge funds want to control your local news–but democracy is getting in the way
Hedge funds are furious over the FCC's decision to block the takeover of TEGNA, the nation's second-largest local broadcast station owner.
Source: fortune.com
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Top News In Standard General Today - Breaking & Trending Today
GOP Lawmakers Want FCC Probed Over $8.6B Tegna Deal
Two Republican lawmakers asked the Federal Communications Commission's Office of Inspector General Tuesday to investigate how the FCC handled its public interest review of hedge fund Standard General's $8.6 billion bid to take broadcaster Tegna private.
Source: law360.com
Standard General Makes New Tegna Commitments in Runup to Crucial FCC Meeting
Will meet with FCC on May 18 in a last ditch effort to resolve issues with Tegna deal
Source: tvtechnology.com
Congress Asks FCC IG to Investigate Rosenworcel Over Standard General-Tegna Deal
Members from both sides of the aisle suggest delay could be motivated by bias
Source: tvtechnology.com
Settlement Elusive As $8.6B Tegna Deal Nears Deadline
The Federal Communications Commission's Enforcement Bureau says there's still a chance to resolve two questions FCC staff wants addressed before the agency decides the fate of broadcaster Tegna Inc.'s $8.6 billion go-private deal with Standard General LP, but time is running short before the acquisition's financing expires.
Source: law360.com