This is antitrust via passive aggression.
The Federal Communications Commission has asked its administrative court to review Standard General's proposed $5.4 billion takeover of local television broadcaster Tegna.This is antitrust via passive aggression, as the parties are unlikely to receive resolution by their closing deadline of May 22.to buy Virginia-based Tegna for $24 per share in cash, with financial backing from Apollo Global Management.
Note: Cox Enterprises, the parent company of Axios, maintains a minority equity stake in Cox Media Group.
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