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Investor Soo Kim Says He’s Confident Tegna Deal Will Go Through

Jan. 23, 2023, 9:04 PM

Standard General LP Managing Partner Soo Kim expressed optimism that his firm will win US approval for its proposed $5.4 billion purchase of TV station operator Tegna Inc.

“We feel confident in the prospects for our transaction,” Kim said in a call with journalists as US regulators continue scrutinizing the transaction announced last Februaryfor the broadcaster that owns 64 TV stations in 51 US markets.

Critics have said the deal risks cuts in jobs at TV stations, and may increase fees charged to pay-TV providers for Tegna programming. Standard General has offered regulators assurances that won’t be the case, ...