Tegna Buyer Planned Layoffs It Didn’t Tell FCC About, Unions Say

Oct. 28, 2022, 12:58 PM UTC

Standard General LPtold investors it planned to eliminate jobs at Tegna Inc.after completing its $5.4 billion acquisition of the TV broadcaster, according to opponents, despite assertions to regulators that it had no such intention.

“Staffing cuts remained a constant, premeditated, carefully calibrated feature driving the proposed transaction,” unions trying to kill the deal said in an Oct. 27 filing with the Federal Communications Commission.

The claim by the NewsGuild-CWA and the National Association of Broadcast Engineers and Technicians-CWA relies upon confidential documents Standard General submitted to the regulator. The unions’ filing is partially redacted, with some details supporting ...

Learn more about Bloomberg Law or Log In to keep reading:

See Breaking News in Context

Bloomberg Law provides trusted coverage of current events enhanced with legal analysis.

Already a subscriber?

Log in to keep reading or access research tools and resources.