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computers / comp.dcom.telecom / Hedge Fund Takeover of Local News Fails Thanks to CWA Efforts [telecom]

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

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From: submissions@telecom-digest.org (The Telecom Digest)
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Subject: Hedge Fund Takeover of Local News Fails Thanks to CWA Efforts [telecom]
Date: 25 May 2023 19:49:42 -0400
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by: The Telecom Digest - Thu, 25 May 2023 23:49 UTC

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