Former Station Exec Pulls for Standard General-Tegna Deal

The Tegna Inc. headquarters stands in McLean, Virginia, U.S., on Friday, March, 13, 2020. Comedian and TV producer Byron Allen has made a $20-a-share, all-cash offer for Tegna in a deal that values the TV station owner at $8.5 billion, including debt, according to a person familiar with the situation.
(Image credit: Andrew Harrer/Bloomberg via Getty Images)

Standard General continues to collect anecdotal backing for its proposed merger with Tegna, which the FCC is still vetting on day 221 of its unofficial 180-day shot clock for reviewing such deals.

One of the recent submissions to the FCC docket is from Marcia Green, who identifies herself as the former director of programming for a medium-sized ABC affiliate.

Green is a fan of Deb McDermott, currently Standard General's CEO.

Also: Tech Women's Group Backs McDermott

"Placing one of the most respected women in our industry in charge of the largest broadcast company in the U.S. is a big step forward for women all across our industry," Green wrote the FCC. "She has a long record of leading with purpose, treating people with respect, and investing in people."

Tegna, which owns 64 TV stations in 51 U.S. markets, agreed to be acquired by Standard General back in February for $8.6 billion including debt. It also owns multicast networks True Crime Network, Twist and Quest, as well as advanced advertising company Premion.

The FCC, told by critics that the deal would not be good for local journalism and could lead to job losses, both disputed by Stanard General and Tegna, has been seeking more information on its potential impact on both. ■

Contributing editor John Eggerton has been an editor and/or writer on media regulation, legislation and policy for over four decades, including covering the FCC, FTC, Congress, the major media trade associations, and the federal courts. In addition to Multichannel News and Broadcasting + Cable, his work has appeared in Radio World, TV Technology, TV Fax, This Week in Consumer Electronics, Variety and the Encyclopedia Britannica.