The U.S. Court of Appeals for the D.C. Circuit has denied Standard General’s petition asking the court to force the FCC to vote on its proposed acquisition of Tegna before its financing expires on May 22.
Standard General reached its agreement to buy Tegna in February of 2022 and the review by the Media Bureau of the Federal Communications Commission has stretched out for more than a year. On February 24, the bureau designated the transaction be reviewed by an administrative law judge, a process likely to take several more months.
