Tegna Deal Won’t Lead to Newsroom Job Cuts, Standard General Tells FCC

Standard General told regulators that the deal would benefit the public.

Standard General told the FCC that the proposed transaction would bring Tegna under management with a proven track record of enhancing stations' service to their local communities.

Standard General said that Deb was going to become the CEO of the business. Tegna has 64 television stations. Cox Media Group and Tegna are affiliates of Apollo Global Management Inc. The deal is being invested in by a fund.

The transaction needs approval from the FCC because it is a nominee who would give Democrats a majority in the Senate. The chairwoman of the agency is a Democrat who was selected by President Joe Biden.

Pay-TV providers told the FCC that the transaction could lead to higher fees for cable companies and their subscribers.

Competitive pressure from online providers can check price increases by pay-TV providers.

The companies said in the filing that newsroom staff cuts are not part of the post- transaction plan.