Warren Urges FCC to Block Standard General’s Tegna Merger
- Letter to regulator asks that the transaction be rejected
- Massachusetts Democrat cites ‘threats to competition’
Elizabeth Warren
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Senator Elizabeth Warren is urging regulators to block Standard General LP’s proposed purchase of TV broadcaster Tegna Inc., saying the $5.4 billion transaction could lead to employee layoffs and higher prices for consumers.
The Massachusetts Democrat cited “threats to competition” in a letter to Federal Communications Commission Chairwoman Jessica Rosenworcel that was reviewed by Bloomberg News.