Standard General’s $8.6B bid would strengthen local newsrooms in streaming age

The pending acquisition of TEGNA by Standard General would create the nation’s largest minority owned, women-led broadcasting company. TEGNA operates 64 television stations in 51 U.S. markets. Spearheaded by Soo Kim, a long-term investor in the broadcast and local news industry, and incoming CEO Deb McDermott, a 20-year television industry veteran, Standard General intends to grow and invest in TEGNA’s operations to become a leading broadcast television company.

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