WASHINGTON, D.C. — TEGNA shareholders have voted in favor of the plan. Now, regulatory approval is the only obstacle to an effort that Soohyung Kim and his Standard General LP have waged for some two years — gaining control of the broadcast TV station and Premion owner.
That’s not so easy, it turns out. Common Cause, The NewsGuild-CWA, and Public Knowledge wish to stop the transaction, which sees Cox Media Group’s majority shareholder, Apollo Global Management, take a non-voting equity stake in TEGNA.
And, they’ve convinced the FCC to allow more time for providing the Media Bureau with information they believe is needed to fully assuage the situation.
