#When is roadblock tv

Sources said Tegna has voiced concerns whether the Standard General and Apollo bid can withstand antitrust scrutiny from the Federal Communications Commission.

#When is roadblock tv

SOPA Images/LightRocket via GettР”В«yron AllenРІР‚в„ўs media empire has everything riding on an $8B TV bet

Tegna, spun off from Gannett, operates TV and radio stations across more than 50 US markets. Standard General and Apollo are comfortable with the first condition but have countered with a breakup fee about half as big, sources said. Tegna also has demanded a higher-than-normal breakup fee of about $500 million, sources said. In recent weeks, insiders say Tegna has asked the bidders to agree to a РІР‚Сљhell or high waterРІР‚Сњ condition, meaning they would not walk away from the merger no matter how long it took to get through regulators. The Virginia-based company operates 64 television and two radio stations across 54 US markets. The raised bid came after Tegna had failed to accept or reject the initial offer which was made two months earlier, according to the sources.Р”Р„ collapse in talks would represent the third time in as many years that Tegna - spun off from newspaper giant GannettР’В in 2015 as a separate, publicly traded company - has weighed a possible sale only to have it scrapped in the end. Tegna shares on Friday were recently off 0.3 percent at $19.80 in early afternoon trades. 22 raised their fully financed offer for Tegna from $22 to $22.65 a share, valuing the company at roughly $5 billion and also agreeing to assume the companyРІР‚в„ўs $3.4 billion in debt, sources close to the situation said. Hedge fund Standard General and Apollo Global Management on Nov. TV-station empire Tegna has hit a roadblock in negotiations with suitors who are looking to buy the company in a deal worth $8.4 billion, sources close to the situation said. Leon BlackРІР‚в„ўs rape accuser seeks to dismiss billionaireРІР‚в„ўs lawsuitР”Р‡ormer Apollo CEO Leon Black buys posh $28M London home where Henry Ford II lived Jamie DimonРІР‚в„ўs son-in-law caught in $21M dispute between Apollo, oil exec Standard General, Apollo close in on $9B deal for Tegna takeover: sources