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

    From The Telecom Digest@21:1/5 to All on Thu May 25 19:49:42 2023
    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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