Standard General to challange media bureau on TEGNA (TGNA)
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Standard General to Challenge Media Bureau’s Unprecedented Attempt to Scuttle the Proposed Transaction with TEGNA; Calls on FCC to Bring the Transaction to a Vote by the Full Commission
February 27, 2023 10:50 AM ESTNEW YORK--(BUSINESS WIRE)-- Standard General L.P. is vowing to continue its efforts to complete its proposed transaction with TEGNA (NYSE: TGNA), despite the unprecedented actions of the FCCs Media Bureau, which belatedly designated two questions related to the deal to an Administrative Law Judge. The Media Bureaus action, which was promptly criticized by two of the FCCs four current Commissioners, is tantamount to denying the transaction by initiating a lengthy process that would extend well beyond the transactions Final Extension Date of May 22, 2023.
Standard General is calling on the... More
