Petitions to Deny Standard/Tegna Deal Due May 23
Petitions to deny Standard General’s $8.6 billion purchase of Tegna and the related deal between Standard and Apollo Global management (see 2202220062) are due May 23 in docket 22-162, said a public notice Thursday. The deal involves a financing arrangement…
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between Standard and Apollo and would leave Apollo with a nonvoting interest in Standard. Apollo already owns broadcaster Cox Media Group. Opposition filings in the proceeding are due June 7, replies June 17, the PN said. Comments on a foreign ownership request for the deal are due May 23, replies June 7, said a separate public notice. Teton Parent, a subsidiary of Apollo Global Management, is seeking FCC permission to be more than 25% foreign owned because 50% of Standard General's equity is controlled through investment funds in the Cayman Islands and the British Virgin Islands (see 2203110066).