Standard Media CEO Deb McDermott says she has a track record running TV stations. So does Soo Kim, founder and managing partner of Standard General, which agreed to acquire Tegna for $5.4 billion.
While the deal is being reviewed by the Federal Communications Commission, objections have been raised by Graham Media, unions and other groups concerned that newsroom jobs will be lost and about the influence of Apollo Global Management, which owns stations through Cox Media Group and is involved in the financing of Standard General’s bid.
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Broadcasting & Cable | by Jon Lafayette