WASHINGTON—Standard General has filed suit against the Federal Communications Commission (FCC) in the U.S. Court of Appeals for the District of Columbia Circuit, asking the court to review the FCC’s handling of its proposed $8.6 billion acquisition of Tegna and to order the FCC to approve the deal.
Standard General announced plans to acquire Tegna more than a year ago and its financing for the deal would expire on May 22, 2023. Recently, the FCC’s Media Bureau issued an order asking for an administrative judge to review the deal. The further delay would likely derail the deal.
