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Showing results for tags 'Standard General'.
Bloomberg is now reporting that Standard/Apollo are nearly a deal to buy Tegna for $24-a-share What's interesting is that what's included is that the shares will increase if the regulatory approval takes a long (and I mean a long) time to approve (which is a possibility). A deal could be announced as soon as later this morning.
Sinclair is unloading its duopoly in Paducah, KY-Cape Girardeau, MO (KBSI & WDKA) to a new firm Community News Media, LLC for $28M. Community News Media will be ran by Standard General, LP leader Soohyung Kim. Could this be the sign of Sinclair unloading more stations? We know they have an enormous amount of debt ($8B) from those RSNs. And that $28M won't be enough to pay down that debt.