The Federal Communications Commission has yet to complete its review of the proposed merger of Standard General and Tegna, but the deal has gotten the OK from “team telecom.”
That is the informal title of the interagency committee that reviews deals involving foreign participation in the U.S. communications market for national security and law enforcement concerns, if any.
Tegna, which owns 64 TV stations in 51 U.S. markets, agreed to be acquired by Standard General in February for $8.6 billion including debt. Tegna also owns multicast networks True Crime Network, Twist and Quest, as well as advanced-advertising company Premion.
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Broadcasting & Cable | by John Eggerton