DirtyHarry 727 Posted March 2, 2023 Share Posted March 2, 2023 (edited) Listen, all of this conversation confuses the issue. The big issue in my mind is that this is all a race to the bottom. Consolidation has ruined broadcast. It is simply not interesting anymore. Listening to the radio is about as interesting is walking into a Sears store (and I'm talking about before they fell apart). Everything is so plain vanilla and corporate. Consolidation has done some good things, creating critical mass for rolling out new technology, but the networks could have assumed that role. As part of your network affiliation, they could have offered all of the technology and tools that these chains are able to assemble in-house. Boring content, elimination of voices, foreign ownership. It would get a big no for me and I'm typically Republican minded when it comes to my worldview. Edited March 2, 2023 by DirtyHarry 6 5 Link to comment https://localnewstalk.net/topic/18752-standard-general-to-acquire-tegna-for-86-billion/page/14/#findComment-283953 Share on other sites More sharing options...
Rusty Muck 4366 Posted March 2, 2023 Share Posted March 2, 2023 15 minutes ago, nycnewsjunkie said: The columnist in question comes off as a lackey for large media groups. He seems to run defense for every M&A. Even when the Sinclair—Tribune deal died, Jessell called for further deregulation anyway. He’s a clown. 5 Link to comment https://localnewstalk.net/topic/18752-standard-general-to-acquire-tegna-for-86-billion/page/14/#findComment-283956 Share on other sites More sharing options...
mre29 1513 Posted March 3, 2023 Share Posted March 3, 2023 8 hours ago, Myron Falwell said: Byron bought his former employer (BNC) after they collapsed and used the distribution contracts (even on Pluto) for TheGrio.tv. So of course this comes off as payback and sheer pettiness on Roland’s part. I honestly didn't know any of that. Thanks. And good for him. Link to comment https://localnewstalk.net/topic/18752-standard-general-to-acquire-tegna-for-86-billion/page/14/#findComment-283967 Share on other sites More sharing options...
Big Rollo Smokes 260 Posted March 3, 2023 Share Posted March 3, 2023 (edited) 12 hours ago, Myron Falwell said: Byron bought his former employer (BNC) after they collapsed and used the distribution contracts (even on Pluto) for TheGrio.tv. So of course this comes off as payback and sheer pettiness on Roland’s part. Roland never worked for BNC. He had a morning show on TVOne ("NewsOne with Roland Martin") for a few years before it was canceled. Roland was, however, critical of Allen's decision to convert BNC into another entertainment channel. As if between BET, Bounce, TVOne, Aspire, Revolt and Fox Soul, there aren't enough of those already. Edited March 3, 2023 by Big Rollo Smokes 1 1 Link to comment https://localnewstalk.net/topic/18752-standard-general-to-acquire-tegna-for-86-billion/page/14/#findComment-283972 Share on other sites More sharing options...
ColtFromGulfcoast 707 Posted March 3, 2023 Share Posted March 3, 2023 (edited) Roland Martin = Armstrong Williams. I'm surprised that he somehow wasn't gifted money to buy WUSA and WXIA........ Edited March 3, 2023 by ColtFromGulfcoast 2 Link to comment https://localnewstalk.net/topic/18752-standard-general-to-acquire-tegna-for-86-billion/page/14/#findComment-283976 Share on other sites More sharing options...
Breaking News 825 Posted March 3, 2023 Share Posted March 3, 2023 On 3/1/2023 at 8:02 AM, ColtFromGulfcoast said: I wasn't referring to Kim. I was referring to Roland Martin. I think Roland's studios is in D.C. and TEGNA owns WUSA- that why he going with them. Idk he was pushing this deal. At the end of the day the TEGNA deal is the worse thing for broadcast. Here's hoping it doesn't go through. 2 Link to comment https://localnewstalk.net/topic/18752-standard-general-to-acquire-tegna-for-86-billion/page/14/#findComment-283977 Share on other sites More sharing options...
Megatron81 256 Posted March 5, 2023 Share Posted March 5, 2023 Byron Allen waiting in the wings to buy TEGNA and will sell how many TV stations to get the deal done, I don't know how many Allen would have to sell to get deals done the only one I can think of is Fort Wayne IN. Soo Kim blew it sell the TV stations you needed to from different TV station groups than Cox. 3 Link to comment https://localnewstalk.net/topic/18752-standard-general-to-acquire-tegna-for-86-billion/page/14/#findComment-284027 Share on other sites More sharing options...
mre29 1513 Posted March 5, 2023 Share Posted March 5, 2023 17 hours ago, Megatron81 said: Byron Allen waiting in the wings to buy TEGNA and will sell how many TV stations to get the deal done, I don't know how many Allen would have to sell to get deals done the only one I can think of is Fort Wayne IN. Soo Kim blew it sell the TV stations you needed to from different TV station groups than Cox. Hopefully he's not the only one waiting to make a purchase. I'm sure Graham, Hearst, and any company that has room to buy even one station (yes, even the networks, though they're undoubtedly pickier) is keeping an eye on this saga. 1 Link to comment https://localnewstalk.net/topic/18752-standard-general-to-acquire-tegna-for-86-billion/page/14/#findComment-284045 Share on other sites More sharing options...
Adam MadMan 285 Posted March 7, 2023 Share Posted March 7, 2023 Hazel Dukes of the NAACP is PO'd at the FCC for letting the deal die. 1 Link to comment https://localnewstalk.net/topic/18752-standard-general-to-acquire-tegna-for-86-billion/page/14/#findComment-284119 Share on other sites More sharing options...
TexasTVNews 1377 Posted March 7, 2023 Share Posted March 7, 2023 50 minutes ago, Adam MadMan said: Hazel Dukes of the NAACP is PO'd at the FCC for letting the deal die. She can get PO'd all she wants, but the deal will die and that's that. 3 Link to comment https://localnewstalk.net/topic/18752-standard-general-to-acquire-tegna-for-86-billion/page/14/#findComment-284120 Share on other sites More sharing options...
GoldenShine9 1512 Posted March 7, 2023 Share Posted March 7, 2023 They did nothing to solve the 2 critical issues: 1) Apollo is bankrolling both companies and essentially has Cox and Tegna as subsidiaries of the same company. As a result, there are five markets where both companies are in place, and no effort was made to adjust for such. Graham made that clear last year in a petition to deny. 2) There is too much foreign money involved, coming from the Cayman Islands, Bermuda and the Turks and Caicos (I believe). As a result, it is illegal on that alone. In addition, they failed to disclose such. 6 Link to comment https://localnewstalk.net/topic/18752-standard-general-to-acquire-tegna-for-86-billion/page/14/#findComment-284123 Share on other sites More sharing options...
mre29 1513 Posted March 8, 2023 Share Posted March 8, 2023 (edited) 6 hours ago, GoldenShine9 said: They did nothing to solve the 2 critical issues: 1) Apollo is bankrolling both companies and essentially has Cox and Tegna as subsidiaries of the same company. As a result, there are five markets where both companies are in place, and no effort was made to adjust for such. Graham made that clear last year in a petition to deny. 2) There is too much foreign money involved, coming from the Cayman Islands, Bermuda and the Turks and Caicos (I believe). As a result, it is illegal on that alone. In addition, they failed to disclose such. You put that in plainer, more clear-cut language than Rosenworcel did. Maybe you should've helped draft the order. Edited March 8, 2023 by mre29 2 Link to comment https://localnewstalk.net/topic/18752-standard-general-to-acquire-tegna-for-86-billion/page/14/#findComment-284137 Share on other sites More sharing options...
DirtyHarry 727 Posted March 8, 2023 Share Posted March 8, 2023 9 hours ago, TexasTVNews said: She can get PO'd all she wants, but the deal will die and that's that. Very few people have sympathy for the banksters in these deals. I certainly don't. They ruin practically everything they touch. 9 hours ago, GoldenShine9 said: They did nothing to solve the 2 critical issues: 1) Apollo is bankrolling both companies and essentially has Cox and Tegna as subsidiaries of the same company. As a result, there are five markets where both companies are in place, and no effort was made to adjust for such. Graham made that clear last year in a petition to deny. 2) There is too much foreign money involved, coming from the Cayman Islands, Bermuda and the Turks and Caicos (I believe). As a result, it is illegal on that alone. In addition, they failed to disclose such. Yes, there is such a thing as attribution in the law. I believe even the FCC uses attribution when it comes to family members owning media properties. It should be the same thing here. If you've got capital in both companies, you're benefiting from both companies. That should not be allowed. And even if you don't control day to day operations, if you threaten to pull your money out if you don't like something, that's control. 1 Link to comment https://localnewstalk.net/topic/18752-standard-general-to-acquire-tegna-for-86-billion/page/14/#findComment-284139 Share on other sites More sharing options...
nathannah 2401 Posted March 8, 2023 Share Posted March 8, 2023 9 hours ago, TexasTVNews said: She can get PO'd all she wants, but the deal will die and that's that. And she hasn't lead the organization since the 90s. Why ask for support from someone who was never in the post-Comm Act age?! 2 Link to comment https://localnewstalk.net/topic/18752-standard-general-to-acquire-tegna-for-86-billion/page/14/#findComment-284141 Share on other sites More sharing options...
Samantha 2895 Posted March 14, 2023 Share Posted March 14, 2023 (edited) On 3/7/2023 at 10:39 AM, GoldenShine9 said: They did nothing to solve the 2 critical issues: 1) Apollo is bankrolling both companies and essentially has Cox and Tegna as subsidiaries of the same company. As a result, there are five markets where both companies are in place, and no effort was made to adjust for such. Graham made that clear last year in a petition to deny. 2) There is too much foreign money involved, coming from the Cayman Islands, Bermuda and the Turks and Caicos (I believe). As a result, it is illegal on that alone. In addition, they failed to disclose such. I am far from a Standard General defender, but Team Telecom reviewed the deal on the foreign investment/ownership issue and found no national security risks. It's become routine at the FCC for details involving Caribbean foreign capital (and from other countries with which the US has good trade relationship) to receive approval. Some large radio companies had to ask for declaratory rulings on foreign ownership because of actions outside its control (e.g. iHeartMedia when US-based OppenheimerFunds was acquired by Bermuda-organized Invesco in 2019). Edited March 14, 2023 by Samantha Link to comment https://localnewstalk.net/topic/18752-standard-general-to-acquire-tegna-for-86-billion/page/14/#findComment-284318 Share on other sites More sharing options...
DirtyHarry 727 Posted March 14, 2023 Share Posted March 14, 2023 8 hours ago, Samantha said: I am far from a Standard General defender, but Team Telecom reviewed the deal on the foreign investment/ownership issue and found no national security risks. It's become routine at the FCC for details involving Caribbean foreign capital (and from other countries with which the US has good trade relationship) to receive approval. Some large radio companies had to ask for declaratory rulings on foreign ownership because of actions outside its control (e.g. iHeartMedia when US-based OppenheimerFunds was acquired by Bermuda-organized Invesco in 2019). You have a point. It doesn't matter which country or state your business charter is in, it matters where your ownership and management are located. Nevertheless, Apollo still benefits from two sets of stations in certain cities, so I would tell them to pound salt. If they still get the profit from both WSB and WXIA, something still seems wrong about that. Link to comment https://localnewstalk.net/topic/18752-standard-general-to-acquire-tegna-for-86-billion/page/14/#findComment-284325 Share on other sites More sharing options...
Adam MadMan 285 Posted March 14, 2023 Share Posted March 14, 2023 Despite all the unions who've agreed with (most of) us that the deal is a terrible idea, a union in Southern California and Southern Nevada is backing the deal (a little late, guys...). 2 Link to comment https://localnewstalk.net/topic/18752-standard-general-to-acquire-tegna-for-86-billion/page/14/#findComment-284329 Share on other sites More sharing options...
Adam MadMan 285 Posted March 23, 2023 Share Posted March 23, 2023 Double posting, I know, but now it looks like Soo Kim is turning to the press: he wrote an op-ed article on Newsweek. Link to comment https://localnewstalk.net/topic/18752-standard-general-to-acquire-tegna-for-86-billion/page/14/#findComment-284614 Share on other sites More sharing options...
TexasTVNews 1377 Posted March 23, 2023 Share Posted March 23, 2023 27 minutes ago, Adam MadMan said: Double posting, I know, but now it looks like Soo Kim is turning to the press: he wrote an op-ed article on Newsweek. It won't help him. 1 Link to comment https://localnewstalk.net/topic/18752-standard-general-to-acquire-tegna-for-86-billion/page/14/#findComment-284615 Share on other sites More sharing options...
DirtyHarry 727 Posted March 23, 2023 Share Posted March 23, 2023 Somewhat related. This guy cut commercials to 5 minutes per hour at his Fresno radio stations. He says he can do that because he doesn't have any debt, unlike Cumulus and iHeart. The Wolfes used to say that having no debt was an important part of their success at WBNS and WTHR. Standard General will have debt, lots of it. Thus, a race to the bottom as they try to stay afloat. Soo Kim can pound salt. https://radioink.com/2023/03/22/john-ostlund-five-minute-stopsets/ 3 Link to comment https://localnewstalk.net/topic/18752-standard-general-to-acquire-tegna-for-86-billion/page/14/#findComment-284616 Share on other sites More sharing options...
Rusty Muck 4366 Posted March 23, 2023 Share Posted March 23, 2023 5 hours ago, Adam MadMan said: Double posting, I know, but now it looks like Soo Kim is turning to the press: he wrote an op-ed article on Newsweek. He’s basically begging Tegna and Apollo not to sue his sorry butt for breach of contract. 2 1 Link to comment https://localnewstalk.net/topic/18752-standard-general-to-acquire-tegna-for-86-billion/page/14/#findComment-284622 Share on other sites More sharing options...
DirtyHarry 727 Posted March 23, 2023 Share Posted March 23, 2023 3 hours ago, Myron Falwell said: He’s basically begging Tegna and Apollo not to sue his sorry butt for breach of contract. I'm sure he has weasel language in all the contracts about what happens if the FCC doesn't approve the sale. If anything, he's trying to avoid the breakup fee which I think is a couple hundred million dollars. I'd take him to court over it just to teach the next bankster who tries to pull something like this a lesson. 3 Link to comment https://localnewstalk.net/topic/18752-standard-general-to-acquire-tegna-for-86-billion/page/14/#findComment-284632 Share on other sites More sharing options...
Adam MadMan 285 Posted March 28, 2023 Share Posted March 28, 2023 OH GOD. Soo Kim's going nuclear and suing the FCC to get the deal through. Link to comment https://localnewstalk.net/topic/18752-standard-general-to-acquire-tegna-for-86-billion/page/14/#findComment-284750 Share on other sites More sharing options...
CircleSeven 1955 Posted March 28, 2023 Share Posted March 28, 2023 (edited) Mr. Desperado is going to fight till the end..... We have now gone to unchartered waters. In over a decade of following all of these M&As, l have never seen anything like this. For an applicant to go to the courts to overstep a federal agency, just to get a deal approved. Hope the courts let this suit sit until May 22. Edited March 29, 2023 by CircleSeven Link to comment https://localnewstalk.net/topic/18752-standard-general-to-acquire-tegna-for-86-billion/page/14/#findComment-284751 Share on other sites More sharing options...
GoldenShine9 1512 Posted March 28, 2023 Share Posted March 28, 2023 This is worse behavior than even Sinclair had! Soo Kim and Standard General will never own or be involved in television again, mark my words. No one will want to get involved with them. 1 Link to comment https://localnewstalk.net/topic/18752-standard-general-to-acquire-tegna-for-86-billion/page/14/#findComment-284752 Share on other sites More sharing options...
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