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New Jersey Sen. Bob Menendez railed on the Senate floor about the FCC jeopardizing the offer by Soo Kim’s Standard General to buy Tegna, the owner of 64 television stations, “through, in essence, inaction.”
The billionaire Gamco CEO is finding some value buying opportunities among defense contractors and a pair of media companies.
Despite the opposition of unions, Nancy Pelosi, and the FCC, DNC honcho Cedric Richmond backs a hedge fund takeover of 60 TV stations.
Liberals never miss a chance to declare their commitment to diversity. But on a merger of what would become the largest minority-owned television group, Democrats are missing in action.
By Hazel Trice Edney Wire - Cedric Richmond is the Latest National Black Voice to Appeal to the FCC in Support of Standard General’s Acquisition of TEGNA and Diversity in Media Ownership