Hedge Fund Takeover of Local News Fails Thanks to CWA Efforts [telecom]

From	"The Telecom Digest" <submissions@telecom-digest.org>
Newsgroups	comp.dcom.telecom
Subject	Hedge Fund Takeover of Local News Fails Thanks to CWA Efforts [telecom]
Date	2023-05-25 19:49 -0400
Organization	The Telecom Digest
Message-ID	<20230525234942.GA383138@telecomdigest.us> (permalink)

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In a major victory for journalists and media workers, local news
broadcaster TEGNA terminated its proposed sale to hedge fund Standard
General after funding for the deal expired.

“The Federal Communications Commission (FCC) stood up for media
workers by scrutinizing a hedge fund’s attempt to take over and
destroy more local news in the U.S.,” said CWA President Chris
Shelton. “CWA thanks FCC Chair Jessica Rosenworcel and her staff for
finally doing what we have asked regulators to do for decades: protect
American jobs and hold Wall Street firms accountable.”

https://cwa-union.org/news/e-newsletter/2023-05-25

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Hedge Fund Takeover of Local News Fails Thanks to CWA Efforts  [telecom] "The Telecom Digest" <submissions@telecom-digest.org> - 2023-05-25 19:49 -0400

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