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Tegna Deal Won’t Lead to Newsroom Job Cuts, Standard General Tells FCC

  • Purchase of broadcaster would benefit public, company says
  • Tegna buyers claim track record of serving communities
The Tegna headquarters in McLean, Virginia.

The Tegna headquarters in McLean, Virginia.

Photographer: Andrew Harrer/Bloomberg

Standard General LP rejected arguments its purchase of broadcaster Tegna Inc. would lead to newsroom job cuts and higher cable-TV bills, telling regulators the deal would benefit the public.

The proposed transaction, worth $5.4 billion, excluding debt, would bring Tegna under management with “a proven track record of enhancing stations’ service to their local communities,” Standard General told the Federal Communications Commission in a July 7 filing posted Friday on the agency website.