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Fund Slams FCC's Procedural Maneuvers In $8.6B Tegna Deal

By Katie Buehler (March 31, 2023, 9:38 PM EDT) -- Hedge fund Standard General has urged the D.C. Circuit to keep alive its bid for a court order forcing the Federal Communications Commission to make a decision on whether to approve its planned $8.6 billion takeover of broadcast company Tegna, accusing the commission of using procedural maneuvers to stall and ultimately kill the deal....

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