Standard General Says FCC 'Moved to Kill' Tegna Deal Without Due Process
By Josh Beckerman
Standard General LLP criticized the Federal Communications Commission review process for its planned purchase of broadcaster Tegna Inc. and filed a reply brief in the U.S. Court of Appeals for the District of Columbia Circuit.
Standard General said the FCC "consistently refused to engage with the transaction parties" and "deliberately moved to kill the transaction without due process and without ever expressing any concerns so that they might be addressed." It said the agency "repeatedly declined Standard General's offers to meet."
The FCC didn't immediately return a request for comment late Friday. In February, the agency said its media bureau issued a hearing designation order to look into the deal. The FCC said the order focused on concerns "related to how the proposed transaction could artificially raise prices for consumers and result in job losses."
Write to Josh Beckerman at josh.beckerman@wsj.com
(END) Dow Jones Newswires
April 14, 2023 18:51 ET (22:51 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.-
Magnificent 7 Stocks Earnings Updates: AI Remains the Focus
-
Small-Cap and Value Stocks Are Undervalued
-
Why We Expect the Job Market’s Slowdown to Renew in 2024
-
5 Undervalued Stocks to Buy to Play a Little Defense
-
Markets Brief: AI Leaders Excel In Earnings Season So Far
-
What History Tells Us About the Fed’s Next Move
-
What’s Happening In the Markets This Week
-
Alphabet’s New Dividend: What Investors Need to Know
-
Amazon Earnings: AWS Growth Accelerates and Profit Margins Improve
-
SiriusXM Earnings: Decent Results With Plan for Technology and Content Investment to Drive Growth
-
Coca-Cola Earnings: Solid Volume On Innovation and Digital Engagement
-
Is Berkshire Hathaway a Buy Before the Annual Meeting?
-
Investment Opportunities in the Drug Distribution Industry
-
Why the End of Quantitative Tightening Matters
-
Eli Lilly Earnings: Strong Weight-Loss Drug Sales Expand Margins
-
After Earnings, Is Meta Stock a Buy, a Sell, or Fairly Valued?