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Standard General’s $5.4 Billion Tegna Deal Draws DOJ Concern Over Potential Price Hikes

  • Antitrust officials also concerned about information-sharing
  • Standard General told FCC market will keep prices in check
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Justice Department officials are scrutinizing whether Standard General LP’s proposed $5.4 billion purchase of broadcaster Tegna Inc. could lead to higher cable prices, according to people familiar with the matter.

Justice Department lawyers are asking about an unusual element of the transaction involving a station sale, one of the people said. Critics say the sale could hike fees for cable providers, who may pass those costs on to consumers.