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RadioInsight

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FCC Report 6/5: FCC Seeks Additional Information About TEGNA Acquisition

Posted: 05 Jun 2022 08:00 AM PDT https://radioinsight.com/headlines/227573/fcc-report-6-5-fcc-seeks-additional-information-about-tegna-acquisition/


FCC Actions

The FCC is seeking additional information from Standard General in regards
to its pending acquisition of TEGNA including its 64 television stations
and 2 radio stations along with its contingent asset swap with the Apollo Global Management owned Cox Media Group as Apollo will hold a significant non-voting and non-attributable stake in the company.

The FCC is requesting all documents submitted to the Department of Justice
and Federal Trade Commission as well as answers to the following questions:

Describe the Combined Company’s anticipated retransmission negotiating strategy Post- Transaction. Does the Combined Company anticipate jointly negotiating retransmission consent agreements or otherwise coordinating
with Apollo Global Managements regarding the carriage of stations in
Overlap Markets or Non-Overlap Markets Post-Transaction?
Do the Combined Company and AGM intend to enter into (or have they already entered into) any Sharing Agreements, or any other agreements, including related to programming, operations, or sale of advertising, whether or not
such agreements involve stations in the same market? If so, please describe. Provide a detailed explanation with supporting data describing how the Applicants anticipate the Transaction would serve the public interest in general and, more specifically, how the Transaction would improve local programming in the affected markets through investment in local content and production capabilities, including specific business synergies and
efficiencies that would facilitate such investment or otherwise aid the operation of the stations, were the proposed Transaction to be consummated. Describe any changes regarding the composition of series A preferred shareholders since the filing of the Applications and submission of
Exhibits B and C of the Contribution, Exchange and Merger Agreement, as
well as a narrative description of any changes to the rights and/or restrictions of the series A and B preferred shareholders contained in
Exhibits B and C of the Contribution, Exchange and Merger Agreement
submitted with the Applications.
Provide an accurate and detailed accounting of the impact the Transaction
is expected to have in terms of anticipated staffing reductions.


Responses are due by June 13 ahead of the June 22 deadline to file
petitions to deny. Oppositions are due by July 7 and replies by July 18. In order to protect any competitively sensitive materials, the FCC has
instituted a Protective Order limiting highly confidential information to outside counsel, consultants and employees with a requirement to sign and return a document accepting the terms.


A Notice of Illegal Pirate Broadcasting was issued to Sharif Smalls
5447-5459 Park Heights Ave 21215 LLC for a transmissions on 90.3 in
Baltimore MD from LPK Shipping, with Smalls company listed as the property owner making him liable for a fine up to $2 million if following the ten
day response period any individual or entity engages in pirate radio broadcasting from the property.

Radio Bonners Ferry, Inc.s 1450 KBFI Bonners Ferry ID has been issued a
Notice of Violation for failing to maintain station logs for multiple
periods between January 1 and February 23 of this year. An Enforcement
Bureau agent reviewed the stations logs and noticed missing entries from
1/1 to 1/9, 2/2, 2/4 to 2/5, 2/7, 2/19, and 2/21 to 2/23 due to its
automatic logging failing.

The Political File rule changes adopted in January will take effect on July
5 following their publication in the Federal Register.
Deletions

The following stations were deleted as their licenses expired on June 1
after failing to file timely renewals:

State University of New Yorks 90.7 WETD Alfred NY
Leatherstocking Media Groups 1050 WBVG Baldwinsville NY
Corning Community Colleges 91.9 WCEB Corning NY
Nyack Colleges 88.7 WNYK Nyack NY
Union Free School District #1s 91.1 WOSS Ossining NY
State University of New Yorks 93.9 WQKE Plattsburgh NY
State University of New Yorks 90.3 WAIH Potsdam NY

FM Changes

Omni Broadcasting Classic Rock 100.3 K-Rock WTKE-FM Niceville/Fort Walton
Beach FL applies
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