NEW YORK—Standard General is ramping up criticism of the FCC’s inaction over its pending $8.6B takeover of TEGNA. The commission has until May 22 to vote on the deal, which was first announced more than a year ago.
Standard General claims that if approved, the deal would be historic, resulting in a 300% expansion of media ownership (Standard General CEO Soo Kim is Korean-American), but opponents, including civil rights groups, unions and media critics have claimed that the merger would result in more consolidation and further threaten local journalism.
