WASHINGTON, D.C.—With the financial commitments needed to finance the $8.6 billion Tegna acquisition set to expire on Monday May 22, Standard General is reporting that it will be meeting with the FCC on May 18 to discuss and negotiate issues that have been blocking approval of the Tegna deal.
In the run-up to the meeting, Standard General has also made new commitments and released new information to help overcome the FCC’s concerns about the deal. Standard General said in a press release it is making the new commitments “in response to the Enforcement Bureau's suggestion that we quickly attempt to resolve remaining concerns to allow the transaction to move forward.”
