Standard General has 12 days for Tegna acquisition; FCC delays

Chicago, May 10 – Standard General LP is still working for closure on its acquisition of Tegna Inc. by Standard General unit Teton Merger Corp.

The Federal Communications Commission, according to Standard General, is still poised to kill the deal through inaction.

The financing deadline is in 12 days, according to a press release.

Meetings were requested with the four commissioners on Wednesday.

One commissioner declined and one did not respond.

If there is no vote, the acquisition will not go through.

Teton Merger has been conducting a tender offer for Tegna’s notes.

The original deadline was March 7. The deadline is currently May 16.

Tegna is a Tysons, Va.-based broadcast, digital media and marketing services company.

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