Merger Morass: NAB Rips FCC For Trying To Send $8.6B Tegna-Standard General Deal To “Regulatory Purgatory”

) in the U.S. Court of Appeals for the District of Columbia Circuit, siding with Tegna and Standard General and objecting to the FCC’s plan to send the deal review to what it called “regulatory purgatory.”

The FCC, which customarily has five members appointed by the U.S. president and tilts toward the political party of the White House, has been deadlocked at 2-2 for a range of reasons. Without a majority, the agency has generally shied away from weighty matters. Gigi Sohn, a Washington regulatory veteran, recently withdrew from consideration for a spot on the FCC after a fraught nomination process.

“This decision was made by career FCC staff nearly a year after the applications were filed and on bases entirely outside the commission’s jurisdiction,” the NAB said in a press release. “The decision unlawfully threatens future investment in local broadcast stations and harms the public.” NAB President and CEO Curtis LeGeyt said the FCC’s handling of the transaction “has exposed serious flaws in the current system that impact anyone who depends on free, local broadcast service. We urge the court to correct this egregious misstep by the FCC.” He went on to add, “The vital local journalism provided by broadcasters is at risk if the FCC’s actions are left unchallenged, and we ask the court to act quickly on this matter.

good headline, props

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Credit Suisse withdraws certain proposals to AGM following UBS mergerCredit Suisse Group AG said on Wednesday it has withdrawn certain proposals to the 2023 annual general meeting following the lender's recent merger with UBS Group AG .
Source: Reuters - 🏆 2. / 97 Read more »

AZ’s Attorney General may try to block Fry’s-Safeway mergerA proposed merger between two of the biggest names in the grocery business has Arizona’s new Attorney General gathering information from consumers like you to decide if she should try to stop it. Good! How could it possibly be good for consumers? Completely terrible idea.
Source: kgun9 - 🏆 584. / 51 Read more »

Company associated with polygamous religious group accused of violating child labor lawsThe U.S. Department of Labor found a company associated with a polygamous religious group, Standard Restaurant Supply, violating child labor laws. Time to abolish child labor laws. Kids should be allowed to work. 🤯 Shocking sarcasm
Source: fox13 - 🏆 550. / 51 Read more »

As Adult Swim Gets Set To Add An Hour Of Daily Programming, President Michael Ouweleen Sees Warner Bros Discovery In A More Settled Post-Merger State: “We’re All Feeling More Possibility”EXCLUSIVE: After months of upheaval following the close last April of WarnerMedia and Discovery’s $43 billion merger, Michael Ouweleen sees a much more settled operating environment taking sh… I wouldn’t be surprised if he decided to retire Adult Swim and rebrand Cartoon Network to an all-ages channel.
Source: DEADLINE - 🏆 109. / 63 Read more »