TV station buyout faces resistance over Jacksonville

Published on October 13, 2022 at 11:40 am

Tegna Inc. is facing potential opposition from high-level government officials, while its effect on the Jacksonville market has raised concerns from other parties.

Hedge fund Standard General L.P. agreed in February to buy Tegna Inc., operator of 64 U.S. television stations, including WTLV TV-12 and WJXX TV-25 in Jacksonville.

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The deal includes an investment by funds managed by Apollo Global Management, which controls two other Jacksonville stations through its majority ownership of Cox Media Group.

Read the rest of this story at the Jacksonville Daily Record, a Jacksonville Today news partner.