MediaCo Holding shares are trading higher Friday after an SEC filing showed Standard General L.P. reported a 95.2% stake in the company as of April 1. Standard General is a hedge fund controlled by Soohyung "Soo" Kim as its managing partner and CIO.
Liberals never miss a chance to declare their commitment to diversity. But on a merger of what would become the largest minority-owned television group, Democrats are missing in action.
Standard General said delays in approving its proposed acquisition of Tegna had cost it at least $22 million, enough to hire 422 news employees at the Tegna stations
Two TV stations in Dallas, including WFAA, have a new owner. As part of a $5.4 billion deal announced February 22, five TV stations in Dallas-Fort