Who's behind the news?
Who's behind the news?
New York, New York, USA
Standard General L.P. is a New York-based hedge fund.
Standard General first expressed interest in TEGNA Inc. in March 2020 and engaged in two unsuccessful proxy contests for control of TEGNA's board in 2020 and 2021. In February 2022, Standard General agreed to acquire TEGNA for $24.00 per share in an $8.6 billion transaction, with financing assistance from Apollo Global Management and its affiliate Cox Media Group. The deal drew opposition from labor unions and lawmakers over concerns about local news consolidation; it was terminated in May 2023 after TEGNA and Standard General could not secure required regulatory approvals.
As of late 2025, Standard General held approximately 12.88 percent of TEGNA's outstanding shares, an investment position reported in TEGNA's securities filings.
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New York, New York, USA