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Comment: Collapse of Standard General-Tegna deal signals heightened public-interest standard for US broadcast license applicants

By Ilana Kowarski ( May 24, 2023, 21:34 GMT | Comment) -- Hedge fund Standard General’s unsuccessful attempt to rescue its contested acquisition of the Tegna broadcast group illustrates the extent to which the specter of threats to consumers, workers and the journalism industry can inspire formidable resistance to broadcast license applicants at the US Federal Communications Commission. As the case demonstrates, pushback from the FCC on the basis of warnings about theoretical price increases, staffing reductions or curtailment of local reporting in the future can be fierce enough to kill a deal. Hedge fund Standard General’s unsuccessful attempt to rescue its contested acquisition of Tegna broadcast group illustrates the extent to which the specter of threats to consumers, workers and the journalism industry can inspire formidable resistance to broadcast license applicants at the US Federal Communications Commission....

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