Standard General Makes Additional Commitments to Unions in Tegna Deal Promises TNG and NABET additional job protections, no layoffs and increased news budgets at Tegna stations TV Tech · Apr 17, 2023
Standard General Files Brief Asking Court To Force FCC To Rule on Tegna Deal Broadcasters want decision by April 28, before financing expires May 22 Broadcasting & Cable · Apr 16, 2023
Standard General Urges Appeals Court to Force FCC Vote on Tegna Deal The court must “compel the FCC to follow its own procedural norms by putting the deal to a vote,” said Standard General’s Soo Kim TV Tech · Apr 15, 2023
Unions Oppose Latest Standard General-Tegna Legal Move Merger opponents say writ is last-ditch effort based on artificial deadline Multichannel News · Apr 11, 2023
GOP Lawmakers Criticize FCC Handling of Tegna Deal Senator Cruz and Representative McMorris Rodgers said FCC’s decisions “raised questions about the Commission’s fairness” TV Tech · Apr 6, 2023
O’Rielly: FCC Shows Horrific Treatment of Standard General-Tegna Deal Former commissioner says agency’s hearing designation order skews due process Broadcasting & Cable · Apr 5, 2023
One of Standard General’s Appeals of FCC’s Media Bureau Action Is Dismissed Effort to make FCC approve license transfer to be decided after April 14 Multichannel News · Apr 4, 2023
Standard General, CMG Blast FCC for Delays in Approving Tegna Deal The FCC has made “no attempt to expedite the process,” lawyers claimed in a filing with the D.C. Court of Appeals TV Tech · Mar 31, 2023
Unions Oppose Expedited Court Review of FCC’s Standard General-Tegna Decision Say it is not an appealable final order Multichannel News · Mar 29, 2023
Democratic Adviser Cedric Richmond Rips Into FCC’s Standard General-Tegna Order Says regulator is caving to special interests and out of step with Biden diversity efforts Broadcasting & Cable · Mar 29, 2023
Tegna Deal: Standard General Files Lawsuit Against FCC Wants the court to review Media Bureau decision that could kill its $8.6B acquisition of Tegna TV Tech · Mar 28, 2023
Standard General Asks Court To Review FCC Media Bureau’s Move To Kill Tegna Deal Financing for $8.6 billion merger expires May 22 Broadcasting & Cable · Mar 28, 2023
Standard General’s Soo Kim: FCC Hearing Designation Is Tegna Deal ‘Kill Shot’ Managing partner hammers commission over ‘evading’ vote Broadcasting & Cable · Mar 22, 2023
Standard General Makes Formal Appeal to FCC on Tegna Deal Claims Media Bureau’s hearing order will torpedo largest minority-owned, female-led TV company Multichannel News · Mar 17, 2023
Chicago Tribune · Mar 15, 2023 Commentary: Due process denied: FCC Media Bureau kills diverse media ownership I believe in the power of local news. Strengthening American democracy depends on more engaged and informed citizens at the local level. But in today’s fractured media environment, there are fewer credible options for consumers to turn to for their news. Local broadcast news can help fill this void.
StockNews.com · Nov 24, 2022 2 Entertainment Stocks to Buy This Week and 1 to Sell The entertainment industry has been evolving quickly, thanks to growing technological advancements and pandemic-led behavioral changes. Hence, it could be wise to buy fundamentally sound entertainment stocks TEGNA (TGNA) and Lee Enterprises (LEE) to capitalize on the industry’s tailwinds. However, given the macroeconomic headwinds, the struggling stock Warner Bros. (WBD)…
Benzinga · May 9, 2022 Tegna Tops Q1 Aided By AMS, Political Revenue; Margin Expands TEGNA Inc (NYSE:TGNA) reported first-quarter FY22 revenue growth of 6.5% year-on-year to $774.1 million, beating the consensus of $772 million. A record AMS revenue and growth in political revenue drove the results. Subscription revenue of $391.7 million was up 1.3% Y/Y. AMS revenue was $354.5 million, up 9.8% Y/Y. Political revenue was up…
Chicago Tribune · May 8, 2022 Chicago rolls the dice on Bally’s. Hedge fund owner Soo Kim says the rebranded casino company will deliver CHICAGO — When Mayor Lori Lightfoot named Bally’s the winner of a yearlong vetting process Thursday, it ended an intense competition that saw five proposals from four development teams narrowed down to one Chicago casino.
Benzinga · Feb 28, 2022 Merger Arbitrage Mondays - Standard General Acquires Tegna For $8.6 billion Or $24 Per Share In Cash Merger activity remained steady with five new deals announced, four deals completed and one deal terminated. Two of the five new deals announced were potential deals in the works. TEGNA Inc. (NYSE: TGNA)
Benzinga · Feb 28, 2022 Tegna Registers 17% Revenue Decline In Q4 Due To Lack Of Political Revenue Tegna Inc (NYSE:TGNA) reported a fourth-quarter FY21 revenue decline of 17% year-on-year to $774.65 million, beating the consensus of $772.6 million. The decline was due to the absence of political revenue. Subscription revenue of $336 million was up 7% Y/Y. AMS revenue was $400 million, up 14% Y/Y. The non-GAAP EPS of $0.57…
Benzinga · Feb 22, 2022 Why Tegna Shares Are Trading Higher Today? Standard General and Apollo Global Management Inc (NYSE:APO) agreed to acquire television broadcaster Tegna Inc (NYSE:TGNA). They will acquire Tegna in a transaction valued at $24 a share. The purchase price implied a premium of 39% on the unaffected closing share price on September 14, 2021, the last full trading day before media speculation about a…