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The third FCC comment process authorized to help determine whether or not regulatory approval of Standard General's effort to acquire TEGNA, with the important non-voting equity investment of Apollo Global Management, is now closed.

With rumors swirling that a February 22 must-close date for the deal will be extended for three weeks and high-profile Members of Congress questioning the transaction, Standard General Managing Partner and Chief Investment Officer Soohyung Kim offered a statement — and an interview opportunity — to the press as part of his latest effort to get the Commission to say yes.

RBR+TVBR obliged, and asked Soo to share what he believes is the biggest sticking point at the FCC for the deal — the creation of a new No. 2 licensee of broadcast TV stations, retransmission consent "resets" at such stations as WFXT-25 in Boston, or perhaps the very involvement of Apollo as it is the majority shareholder of Cox Media Group?

Soo answered the questions posed by Editor-in-Chief Adam R Jacobson, and we're pleased to present them in this InFOCUS Podcast, presented by dot.FM.
The third FCC comment process authorized to help determine whether or not regulatory approval of Standard General's effort to acquire TEGNA, with the important non-voting equity investment of Apollo Global Management, is now closed. With rumors swirling that a February 22 must-close date for the deal will be extended for three weeks and high-profile Members of Congress questioning the transaction, Standard General Managing Partner and Chief Investment Officer Soohyung Kim offered a statement — and an interview opportunity — to the press as part of his latest effort to get the Commission to say yes. RBR+TVBR obliged, and asked Soo to share what he believes is the biggest sticking point at the FCC for the deal — the creation of a new No. 2 licensee of broadcast TV stations, retransmission consent "resets" at such stations as WFXT-25 in Boston, or perhaps the very involvement of Apollo as it is the majority shareholder of Cox Media Group? Soo answered the questions posed by Editor-in-Chief Adam R Jacobson, and we're pleased to present them in this InFOCUS Podcast, presented by dot.FM. read more read less

about 1 year ago #apolloglobalmanagement, #coxmediagroup, #lizwarren, #standardgeneral, #tegna