The unusual story of the sale of TEGNA Inc. has seemingly (more on that below) come to an end after a four-year FCC review process, encompassing two attempted purchases, two administrative actions involving multiple rule waivers and novel questions of law, but no rulings by the Commissioners themselves. On Thursday, the FCC’s Media Bureau issued an order approving the transfer of control of the company to Nexstar Media and the deal was closed by the parties that same day.  Today, we look back at the unusual actions leading to the sale of TEGNA and at what last week’s approval may preview as to major changes ahead for the broadcast industry .

The unusual nature of the sale of TEGNA did not start with last week’s decision but instead began in 2022 when TEGNA first announced its plan to be acquired by Standard General.  After an application seeking approval for that sale was filed, objections were submitted from labor organizations, public interest groups, and representatives from the multichannel video provider community.  Despite divestiture plans to bring Standard General into compliance with the FCC’s television ownership rules, in 2023, the FCC’s Media Bureau, after a full year of consideration, decided that it could not reach a decision on the case, but that the case had to be reviewed by an FCC Administrative Law Judge to hold a hearing to decide two issues – neither of which had ever been the source for the rejection of a broadcast sale in the past. Continue Reading FCC Media Bureau Approves Nexstar’s Acquisition of TEGNA – What Does It Mean for Consideration of the Broadcast Ownership Rules?