TEGNA Inc. (Tegna), and SCGI Holdings III LLC, an affiliate of Standard General L.P. (SCGI and Standard General), have filed applications to transfer control of Tegna and the licenses of 64 full-power television stations and two full-power radio stations from Tegna’s current shareholders to SCGI. In addition, for the purpose of Standard General meeting various FCC ownership limitations, Standard General and CMG Media Corporation (Cox), which is controlled by Apollo Global Management, Inc. (Apollo), seek to transfer control of Apollo’s full-power television station in Boston (WFXT) to Standard General, and in return transfer four of Standard General’s full-power television stations and assign four of Tegna’s full-power television stations licenses in Texas to Apollo. Finally, Standard General intends to sell nonvoting preferred shares in Tegna to various affiliates of Apollo; as a result, Tegna will not be able to take certain corporate actions without the approval of the majority of those preferred shares. The Applicants state that Apollo will not have an attributable interest in Tegna. If the proposed transaction is approved, Tegna will control the licenses of 61 full-power television stations and two radio stations across 50 television markets, while Apollo/Cox will control the licenses of 31 full-power television stations in 26 markets and 54 radio stations in 11 radio markets.
|Apr 21 2022||Clock Started||Public Notice||0||0|
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This page contains an indexed unofficial listing of and electronic links to most materials in this docket. The applications and any associated documents are also available for public inspection and copying during normal reference room hours at the FCC Reference Center. Copies of the applications and any subsequently-filed documents in this matter also may be obtained through the Commission's Electronic Comment Filing System. To request materials in accessible formats for people with disabilities (Braille, large print, electronic files, audio format), send an e-mail to firstname.lastname@example.org or call the Consumer & Governmental Affairs Bureau at 202-418-0530 (voice), 202-418-0432 (tty).