{"id":15922,"date":"2022-02-22T14:43:15","date_gmt":"2022-02-22T14:43:15","guid":{"rendered":"https:\/\/mailinvest.blog\/index.php\/2022\/02\/22\/standard-general-taking-tegna-private-in-5-4b-cash-deal\/"},"modified":"2022-02-22T14:43:15","modified_gmt":"2022-02-22T14:43:15","slug":"standard-general-taking-tegna-private-in-5-4b-cash-deal","status":"publish","type":"post","link":"https:\/\/mailinvest.blog\/index.php\/2022\/02\/22\/standard-general-taking-tegna-private-in-5-4b-cash-deal\/","title":{"rendered":"Standard General taking Tegna private in $5.4B cash deal"},"content":{"rendered":"<p> <a href=\"https:\/\/go.fiverr.com\/visit\/?bta=1052423&nci=17043\" Target=\"_Top\"><img loading=\"lazy\" decoding=\"async\" border=\"0\" src=\"https:\/\/mailinvest.blog\/wp-content\/themes\/breek\/assets\/images\/transparent.gif\" data-lazy=\"true\" data-src=\"https:\/\/fiverr.ck-cdn.com\/tn\/serve\/?cid=40081059\"  width=\"601\" height=\"201\"><\/a>\n<br \/><img decoding=\"async\" src=\"https:\/\/mailinvest.blog\/wp-content\/themes\/breek\/assets\/images\/transparent.gif\" data-lazy=\"true\" data-src=\"http:\/\/rss.feedspot.com\/folder\/4RfKtmQc6Q==\/rss\/null\" \/><\/p>\n<div id=\"\">\n<div class=\"Article__Headline\">\n<p class=\"Article__Headline__Desc\">Standard General is taking television station owner Tegna private in an all-cash deal valued at about $5.4 billion<\/p>\n<\/div>\n<div class=\"Article__Header__Meta\">\n<section class=\"Byline flex items-center\">\n<div class=\"Byline__Content\">\n<p><span class=\"Byline__ByCopy\" aria-hidden=\"true\">By<\/span><span aria-hidden=\"true\" class=\"Byline__AuthorRow\"><span class=\"Byline__AuthorContainer\" to=\"\"><span class=\"Byline__Author \">The Associated Press<\/span><\/span><\/span><\/p>\n<div class=\"Byline__TimestampWrapper\">\n<p>February 22, 2022, 2:17 PM<\/p>\n<p><span class=\"Byline__Bullet\" aria-hidden=\"true\">\u2022 <\/span>1 min read<\/p>\n<\/div>\n<\/div>\n<\/section>\n<section class=\"Share flex flex-no-wrap Article__Header__Share\"><button aria-label=\"Share to Facebook\" class=\"Button Button--default Button--icon-noLabel Share__Item Share__Item--facebook\" tabindex=\"0\"><svg focusable=\"false\" aria-hidden=\"true\" class=\"Share__Icon icon__svg\" viewbox=\"0 0 24 24\"><use xlink:href=\"#icon__social__facebook\"\/><\/svg><span class=\"Share__Text\">Share to Facebook<\/span><\/button><button aria-label=\"Share to Twitter\" class=\"Button Button--default Button--icon-noLabel Share__Item Share__Item--twitter\" tabindex=\"0\"><svg focusable=\"false\" aria-hidden=\"true\" class=\"Share__Icon icon__svg\" viewbox=\"0 0 24 24\"><use xlink:href=\"#icon__social__twitter\"\/><\/svg><span class=\"Share__Text\">Share to Twitter<\/span><\/button><button aria-label=\"Email this article\" class=\"Button Button--default Button--icon-noLabel Share__Item Share__Item--email\" tabindex=\"0\"><svg focusable=\"false\" aria-hidden=\"true\" class=\"Share__Icon icon__svg\" viewbox=\"0 0 24 24\"><use xlink:href=\"#icon__email\"\/><\/svg><span class=\"Share__Text\">Email this article<\/span><\/button><\/section>\n<\/div>\n<\/div>\n<div id=\"\">\n<p>Standard General is taking television station owner Tegna private in a deal valued at about $5.4 billion.<\/p>\n<p>An affiliate of Standard General will pay $24 in cash for each Tegna share. The transaction has an enterprise value of approximately $8.6 billion, including the assumption of debt.<\/p>\n<p>In premarket trading, Tegna shares rose more than 8% to $22.75. The company said the bid represents a premium of approximately 39% to its closing stock price on Sept. 14, the last full trading day before media speculation about a potential sale of the company.<\/p>\n<p>The company was formed in June 2015 when it was split off from Gannett, which retained its print media. Tegna, based in Tysons, Virginia, owns 64 television stations in 51 U.S. markets.<\/p>\n<p>Once the deal closes, Tegna stations in Austin (KVUE), Dallas (WFAA and KMPX) and Houston (KHOU and KTBU) are expected to be acquired by Cox Media Group from Standard General.<\/p>\n<p>The deal is expected to close in the second half of the year. It still needs approval from Tegna shareholders.<\/p>\n<\/div>\n<iframe data-lazy=\"true\" data-src=\"https:\/\/www.fiverr.com\/gig_widgets?id=U2FsdGVkX18x7XQvttUTrv1oEqmGNGTgvvCUiUoJ\/AP4z\/UyMz8lXGOLpu15jIMxBbTR0gmD5uBoFvhC4KWeALQRp3h\/X\/AwcVD0K8Wj9H\/ZzYKzcCNHosB9oS4SCJJFWiN85P9ICAc4OgCoE\/wHKIY7CDkf2\/DQ1vqGvk4smVe5cRDEmrLPCWi4FC8p40VUhSmWQ5udCm0zoJtorgWv3vbDQw0kKYkwn39ozAnQXDe+YvWMxkLFWA+O3TFwkJvdkIK+\/AUSnRssPKt5WHY0FhNOxnSPcLslEL4G4\/RfP95ve99U+kRnDy3X+KtzdQLY+u935ghON\/o3UE4IMv9oN6JX9RnxzL\/LRcOgnHigxStSGPKsZYtnz8RWNVT\/rOLAibqiWJadC5MYHRbekF3eg6FOGrQGkXYbsn0+a5aovnlLCbLwIqY9fcS17UX8J235iQ6cdmHNbrPeS84CMm34RA==&affiliate_id=1052423&strip_google_tagmanager=true\" loading=\"lazy\" data-with-title=\"true\" class=\"fiverr_nga_frame\" frameborder=\"0\" height=\"350\" width=\"100%\" referrerpolicy=\"no-referrer-when-downgrade\" data-mode=\"random_gigs\" onload=\" var frame = this; var script = document.createElement('script'); script.addEventListener('load', function() { window.FW_SDK.register(frame); }); script.setAttribute('src', 'https:\/\/www.fiverr.com\/gig_widgets\/sdk'); document.body.appendChild(script); \" ><\/iframe>\n<br \/><a href=\"https:\/\/abcnews.go.com\/Technology\/wireStory\/standard-general-taking-tegna-private-54b-cash-deal-83040959\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Standard General is taking television station owner Tegna private in an all-cash deal valued at about $5.4 billion ByThe Associated Press February 22, 2022, 2:17&#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-15922","post","type-post","status-publish","format-standard","hentry","category-tech-universe"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Standard General taking Tegna private in $5.4B cash deal - mailinvest.blog<\/title>\n<meta name=\"description\" content=\"Technology is forever changing, and there are always new pieces of technology to replace obsolete ones. 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