Standard General, Tegna and Cox Media Group on Friday formally filed an application asking the Federal Communications Commission to review its Media Bureau’s decision to have a administrative law judge hold a hearing on Standard General’s pending acquisition of Tegna.
Standard General agreed to acquire Tegna more than a year ago and the transaction has been stuck in regulatory review ever since. Standard General and Tegna argue that further delay will unlawfully kill the deal, as its financing runs out on May 22.
