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Apollo, Standard General make $8 billion bid for Tegna

NYCsporty said:
In addition to Cox getting the 3 of the major former Belo/current TEGNA stations in TX, they also get 4 smaller stations & give up WFXT in Boston that'll become the anchor station for a new station group that'll make up of the current remaining TEGNA stations...
024A8B95-D463-4C9E-BE2A-179545E3C8DD.thumb.jpeg.3eb7283eb389a70d892dde839aa87fa2.jpeg
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In addition to getting the divested Tegna Stations, Cox is in talks to get Axios.
 
Y2kTheNewOldies said:

In addition to getting the divested Tegna Stations, Cox is in talks to get Axios.
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The Cox Enterprises buying Axios is the FORMER owner of Cox Media Group before selling to Apollo. They only own the Atlanta Journal Constitution, newspapers in Ohio, Cox Cable, and some automotive companies such as AutoTrader and Kelley Blue Book. They have no association with the company that owns the radio and television stations.
 
lanceventa said:
The Cox Enterprises buying Axios is the FORMER owner of Cox Media Group before selling to Apollo. They only own the Atlanta Journal Constitution, newspapers in Ohio, Cox Cable, and some automotive companies such as AutoTrader and Kelley Blue Book. They have no association with the company that owns the radio and television stations.
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This is a good argument for implementing a name change when corporate assets are split apart and sold. Either Cox Enterprises or Cox Media Group should have come up with a new identity as part of the original Apollo deal.
 
lanceventa said:
The Cox Enterprises buying Axios is the FORMER owner of Cox Media Group before selling to Apollo. They only own the Atlanta Journal Constitution, newspapers in Ohio, Cox Cable, and some automotive companies such as AutoTrader and Kelley Blue Book. They have no association with the company that owns the radio and television stations.
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Dang this is like the one time that Disney held the 20th Century Fox name for some time in 2019 until they had to rename 20th Century Fox to 20th Century Studios to show that Fox Inc no longer has control of the film division they sold.

This is also like Warner Music Group and Warner Discovery they are two different companies. Warner music is owned Access Industries and Warner/Discovery is an unrelated company.


 
Mediafrog+ said:
This is a good argument for implementing a name change when corporate assets are split apart and sold. Either Cox Enterprises or Cox Media Group should have come up with a new identity as part of the original Apollo deal.
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This is not the first time I made that mistake. WGCA-AM Woodbine was identified as owned by Cox too until it turns out that a Woodbine, GA station lost it's license and was unrelated to Cox Media Group.

https://news.****************/artic...s-License-for-Cox-Broadcasts-WCGA-AM-Woodbine

From the article that identified the station WGCA-AM as being owned by Cox.

The FCC's Media Bureau has revoked the license held by Cox Broadcast Group, for Talk WCGA-AM/Woodbine, GA -- which is currently off the air -- for failure to pay delinquent regulatory fees owed to the Commission. The agency also dismissed the pending applications for renewal of the station's license.

The Commission sent demand letters to Cox demanding payment of the delinquent regulatory fees debts and to date, Cox has not paid any of the debts. On October 28, 2019, the Media Bureau and the Office of Managing Director issued Cox an Order to Pay or to Show Cause and required Cox to file with the Bureau within sixty calendar days evidence of full payment of the debt, or show cause why the fees were inapplicable or should be waived or deferred.
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TVCOOL said:
What will happen to WFXT (aka Fox 25 / Boston 25)?
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It’s going to Standard General.

I suspect that once the deal closes, the SG and Tegna properties will be combined into a single entity, and the Tegna name will disappear. Many of the smaller market stations will likely be spun off as well.
 
anotherguyTN said:
If WATN in Memphis is affected will that affect WLMT in Memphis, which Tegna also owns?
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WATN has little chance of being affected because there is no longer any overlap with Cox, which divested WHBQ-TV to Imagicomm.
That, of course, assumes there will need to be divestitures among markets with overlap with Cox. As I understand it, Apollo, which owns Cox, is acting as the banker, not a managing partner.
 
Mediafrog+ said:
It’s going to Standard General.

I suspect that once the deal closes, the SG and Tegna properties will be combined into a single entity, and the Tegna name will disappear. Many of the smaller market stations will likely be spun off as well.
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I meant will WFXT still be a fox channel?
 
Just a matter of time now. This FCC docket says Tegna has applied to transfer control to Standard General. It also appears that stations will retain the Tegna brand as they'll be a Standard General subsidiary.
 
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It's not a rule, it's a guideline.

- Trip
 
Will_H_69_9 said:
who ever buys TEGNA out, they should offer Disney WFAA so that way, Disney can have a O&O in the Dallas Market as ABC is the only big 4 network that don't have a O&O station in the DFW market while NBC, CBS and Fox owns 2 stations in the market.
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Under NO scenario do I see WFAA 8 becoming an ABC O&O in Nexstar's backyard

I say Nexstar because Nexstar would snap it up before Disney/ABC would if Apollo Standard had to spin it off. Plus, it was EVEN HINTED Nexstar WOULD do so if Apollo Standard had to spin it off
 
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