Standard/Tegna Opponents Want Conditions, Hearing

Standard/Tegna deal opponents said the transaction can lead to collusion on retransmission consent negotiations and said Standard, Tegna and investor Apollo Global Management haven’t been transparent with the FCC. “We find ourselves hard pressed to explain Apollo/Cox’s choice to invest in a competitor that does not involve collusion,” said the American Television Alliance in reply comments in docket 22-162 by Monday’s deadline. A collection of public advocacy groups and Communications Workers of America sectors jointly said the deal should be designated for hearing. “The uncertainty of the sources of funding in this case and the convoluted ownership structure” need to be explored in a hearing, they said. The FCC also should act on a May motion that sought to compel more disclosures from the companies, said the joint filing from Common Cause, the United Church of Christ Media Justice Ministry and others. They also denied claims the deal is good for diversity. The deal is uniquely designed to raise retransmission consent prices and merits FCC attention, said Altice. “Cox appears to have sold a single Boston station to Standard General so that Standard General, in turn, can use the station to buy 97 TEGNA stations with lower retransmission consent prices,” Altice said. “It is hard to imagine that an MVPD bargained for the possibility that Cox might essentially sell a station to a third-party so that the third party might acquire additional stations at Cox’s retransmission consent prices.” NCTA and ATVA asked the FCC to impose conditions to prevent joint negotiation or information sharing among the deal participants. “The proposed transaction creates a web of interlocking interests among the companies -- Standard General/TEGNA and CMG/Apollo -- thus raising concerns about information-sharing and coordination,” said NCTA. One commenter supported the deal. The transaction will create “enhanced opportunities to partner with Standard General and new TEGNA to better serve the Hispanic community in the United States, a community that has historically been underserved,” said Estrella Media.