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- The Federal Communications Commission is asking for further information in regards to television broadcaster Tegna's (NYSE:TGNA) planned sale to Standard General.
- The FCC requests that the parties respond to the agency's request no later than Oct. 13, according to an FCC filing.
- Tegna (TGNA) in late February agreed to be sold to Standard General and Apollo Global (NYSE:APO) for $24/share in cash. The FCC in May extended a deadline for opponents to file petitions to deny the deal and in June asked the parties for more information in regards to the acquisition.
- Also see from earlier this month, Tegna stock whipped around on report about Sohn being seated at FCC for Standard General vote.