Standard general provides a response to fcc’s invitation to negotiation with new disclosures and commitments

Washington--(business wire)--today, in response to the enforcement bureau's suggestion that we quickly attempt to resolve remaining concerns to allow the transaction to move forward, standard general l.p. provided additional information to the fcc that addresses potential concerns around the two issues raised in its hearing designation order: the potential for increased retransmission consent fees from after-acquired clauses and the impact on localism. standard general has also made additional commitments and submissions that further highlight the public interest benefits of this transaction. standard general looks forward to speaking with the fcc on these two remaining issues tomorrow. “we are continuing to work hard to ensure the fcc has all of the information they need to allow a vote on our deal with tegna,” said founding partner of standard general soo kim. “we remain available to answer any and all questions the fcc may have, but, in response to comments made during our meetings on friday, we have provided additional information to the commission with the hope that they will move quickly to a vote. we’ve received unprecedented support from labor unions, civil rights organizations and leaders on both sides of the aisle – and this deal must receive an fcc vote before monday when its financing will expire. all we are asking for is to be treated fairly by receiving an up or down vote before it is too late.” the following information has been provided to the fcc: this transaction will create the largest minority-owned and female-led broadcast station group in u.s. history. recently, mayor eric adams, the fdny foundation, asian americans advancing justice- aajc, national action network, national urban league, unidosus, and senior leaders from both parties have called on the fcc to hold a vote. the fcc is the last regulatory approval remaining to close this transaction. standard general is pleased to discuss these commitments in more detail with the fcc. about standard general standard general was founded in 2007 and manages capital for public and private pension funds, endowments, foundations, and high-net-worth individuals. standard general is a minority-controlled and operated organization. mr. kim is supported by a diverse, highly experienced 17-person team, including seven investment professionals with over 120 years of collective investing experience.
CMG Ratings Summary
CMG Quant Ranking