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Top related persons:
Cox - 1 District Judge Virginia Kendall - 1 schemed - 1 Sinclair - 1 Kendall - 1 Megan Jones - 1 Hausfeld - 1 Freed - 1
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Search resuls for: "TEGNA Inc"


4 mentions found


☆ Cox Media, other broadcasters to pay $48 mln to end price-fixing claims
  + stars: | 2023-05-30 | by ( Mike Scarcella | Industry Insight | How Law Firms Calculate Greenhouse Gas Emissions | ) www.reuters.com   time to read: +3 min
Fox will pay $6 million, and CBS, now known as Paramount Global (PARA.O), will pay $5 million, the court filing showed. Representatives for Cox, Fox and CBS either declined to comment or did not immediately respond to a message seeking comment. Representatives from those defendants either declined to comment on the pending litigation or did not immediately respond to messages seeking comment. Plaintiffs' attorney Megan Jones at law firm Hausfeld, on Tuesday did not immediately respond to a message seeking comment. The case is In re: Local TV Advertising Antitrust Litigation, U.S. District Court for the Northern District of Illinois, No.
Persons: Cox, District Judge Virginia Kendall, schemed, Sinclair, Kendall, Megan Jones, Hausfeld, Freed, Robins Kaplan, Jennifer Giordano, George Cary, Cleary Gottlieb Steen, Nathan Eimer, Eimer Stahl, Weil, Brian Sher, Bryan Cave Leighton, Mike Scarcella, Leigh Jones Organizations: Fox, CBS, Cox Media Group, Fox Corp, CBS Corp, Northern, Northern District of Illinois, Paramount Global, U.S, District Judge, Cox, Sinclair Broadcasting Group Inc, Scripps Company, TEGNA Inc, U.S . Justice Department, Local, Antitrust Litigation, Northern District of, Millen, Latham, Watkins, Hamilton, Thomson Locations: U.S, Northern District, Chicago, Northern District of Illinois
☆ A Big Donor, Nancy Pelosi and the FCC
  + stars: | 2023-03-21 | by ( The Editorial Board | ) www.wsj.com   time to read: 1 min
We recently told you that Federal Communications Commission Chair Jessica Rosenworcel ’s move to scuttle Standard General’s acquisition of TV station operator Tegna Inc. is dubious as a matter of law. Now evidence suggests she may have been doing the bidding of a major Democratic donor. Byron Allen ’s Allen Media Group made a play for Tegna in autumn 2021. Bloomberg News reported at the time that he was seeking to raise money from investment funds to buy Tegna and roll his existing stations into the new company. Around the same time, Mr. Allen made several contributions to then House Speaker Nancy Pelosi and Democratic campaign committees.
☆ U.S. orders hearing for Standard General bid for Tegna
  + stars: | 2023-02-24 | by ( ) www.reuters.com   time to read: +1 min
WASHINGTON, Feb 24 (Reuters) - The Federal Communications Commission, which regulates the U.S. telecoms industry, on Friday said it would hold a hearing on hedge fund Standard General's bid for TV station operator Tegna Inc (TGNA.N), a step that has historically led deals to collapse. Tegna, which manages 64 stations in 51 U.S. markets, agreed in February to be acquired by Standard General in a $5.4 billion all-cash deal that would take the company private. Standard General, which is Tegna's third-largest shareholder, did not immediately respond to a request for comment. The announcement comes after Standard General said earlier this week that the U.S. Justice Department had allowed its review period to expire without taking any action. Reporting by Diane Bartz and David Shepardson; Editing by Chris Reese and Bill BerkrotOur Standards: The Thomson Reuters Trust Principles.
☆ Standard General says only FCC approval left for Tegna deal
  + stars: | 2023-02-23 | by ( ) www.reuters.com   time to read: +1 min
Feb 22 (Reuters) - Hedge fund Standard General said its proposed acquisition of TV station operator Tegna Inc (TGNA.N) only needs Federal Communications Commission (FCC) approval after the U.S. Department of Justice reviewed it without mounting any challenge. Standard General said in a statement on Tuesday that the so-called Hart-Scott-Rodino waiting period, which gives antitrust regulators time to review the deal, had expired. Tegna shares ended trading in New York on Wednesday at their highest level since September, as investors assigned a higher probability to the deal closing. The discount to the $24-per-share deal price - which Tegna and Standard General agreed to in February 2022 - reflects lingering uncertainty over whether the FCC will let the deal go through. Standard General added in the statement it now expects the deal with Tegna, which is valued at $8.6 billion, including debt, to close in March or April, subject to approval by the FCC.
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