Since 1997, Soohyung Kim has been investing in “special situations strategies.” In July 2019, the founding partner and Chief Investment Officer of Standard General went from a relatively unknown figure to the newest believer in the broadcast media industry.
On that day, the man many simply call “Soo” also became the Chairman of a newly formed entity that sees Standard use some of its $1.5 billion in available investment dollars by teaming up with Emmis Communications and his long-time friend, Jeff Smulyan, in the creation of Mediaco – the new licensee of WBLS-FM and WRKS-FM in New York.
In late August, the spotlight on Kim became much brighter, thanks to his acquisition of a big chunk of TEGNA shares. This set the wheels in motion on Standard General’s nomination of Kim and three others for election to TEGNA’s Board of Directors at its 2020 annual shareholders meeting.
TEGNA had issues. It still does. Kim’s nomination has been rejected.