Broadcasting & Cable: FCC Designates Standard General-Tegna Deal for Hearing

Broadcasting & Cable: FCC Designates Standard General-Tegna Deal for Hearing

“Now that the FCC has designated the transaction for a hearing, do not expect an Administrative Law Judge to act quickly," said Yosef Getachew, democracy program director, for Common Cause, which opposes the merger. "An administrative proceeding is a long and drawn out process where the companies have the burden of proof to show that the transaction would not result in the potential harms outlined by the FCC. The best path forward now is for the companies to withdraw their deal. This proceeding should serve as a warning to private equity and hedge funds looking to make a quick buck by tearing down one of the key pillars in our democracy."

“Now that the FCC has designated the transaction for a hearing, do not expect an Administrative Law Judge to act quickly,” said Yosef Getachew, democracy program director, for Common Cause, which opposes the merger. “An administrative proceeding is a long and drawn out process where the companies have the burden of proof to show that the transaction would not result in the potential harms outlined by the FCC. The best path forward now is for the companies to withdraw their deal. This proceeding should serve as a warning to private equity and hedge funds looking to make a quick buck by tearing down one of the key pillars in our democracy.”

 

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