By Josh Beckerman

Standard General LLP criticized the Federal Communications Commission review process for its planned purchase of broadcaster Tegna Inc. and filed a reply brief in the U.S. Court of Appeals for the District of Columbia Circuit.

Standard General said the FCC "consistently refused to engage with the transaction parties" and "deliberately moved to kill the transaction without due process and without ever expressing any concerns so that they might be addressed." It said the agency "repeatedly declined Standard General's offers to meet."

The FCC didn't immediately return a request for comment late Friday. In February, the agency said its media bureau issued a hearing designation order to look into the deal. The FCC said the order focused on concerns "related to how the proposed transaction could artificially raise prices for consumers and result in job losses."

Write to Josh Beckerman at josh.beckerman@wsj.com

(END) Dow Jones Newswires

April 14, 2023 18:51 ET (22:51 GMT)

Copyright (c) 2023 Dow Jones & Company, Inc.
TEGNA (NYSE:TGNA)
Historical Stock Chart
Von Mär 2024 bis Apr 2024 Click Here for more TEGNA Charts.
TEGNA (NYSE:TGNA)
Historical Stock Chart
Von Apr 2023 bis Apr 2024 Click Here for more TEGNA Charts.