Standard General Files Brief Asking Court To Force FCC To Rule on Tegna Deal

The Tegna Inc. headquarters stands in McLean, Virginia, U.S., on Friday, March, 13, 2020. Comedian and TV producer Byron Allen has made a $20-a-share, all-cash offer for Tegna in a deal that values the TV station owner at $8.5 billion, including debt, according to a person familiar with the situation.

Standard General and Tegna filed their reply brief asking the U.S. Court of Appeals for the D.C. Circuit to force the Federal Communications Commission to rule in their proposed merger before financing expires on May 22, effectively killing the deal.

The FCC and its Media Bureau have been examining the deal since last February, an unprecedentedly lengthy review and twice as long as the FCC’s guidelines.