Leading Civil Rights Organizations Call on FCC to Vote on Standard General’s Pending Acquisition of TEGNA
Summary
The statement from the organizations reads as follows: Asian Americans Advancing Justice-AAJC, National Action Network, National Urban League, and UnidosUS Call on FCC to Vote on Standard General - TEGNA Today, in response to the FCC’s refusal to bring the Standard General - TEGNA transaction to a vote, Asian Americans Advancing Justice - AAJC, NAN, NUL, and UnidosUS released the following joint statement: Today, a diverse caucus of the nation’s oldest and largest Civil Rights organizations have come together, with one voice, to make a simple demand of the U.S. Federal Communications Commission: Hold a full commission vote on Standard General’s acquisition of TEGNA. If this deal is codified, it will create the largest minority-owned and female-led broadcasting company in U.S. history and increase minority media ownership by 300%—with Soo Kim, who immigrated to America at five-years-old and learned English watching Sesame Street on the same kinds of local news channels he has spent his career saving, at the helm. Standard General was founded in 2007 and manages capital for public and private pension funds, endowments, foundations, and high-net-worth individuals. Readers are cautioned not to place undue reliance on forward-looking statements made by or on behalf of Standard General. When used in this communication, the words “believes,” “estimates,” “plans,” “expects,” “should,” “could,” “outlook,” and “anticipates” and similar expressions as they relate to Standard General or its management are intended to identify forward looking statements.