Regulators told Standard General LP to produce more documents about its proposed $5.4 billion purchase of broadcaster Tegna Inc.
The actionThursday by the Federal Communications Commission follows demands from deal opponents who said the transaction could raise prices for cable-TV distributors and bring journalism job cuts. Standard General has said it would enhance news coverage, while the competitive market would keep prices in check.
Standard General “has consistently confirmed that its plans for post-closing Tegna do not involve station-level layoffs,” the company said in a statement after the FCC request.
The FCC asked for details on presentations to deal ...