Soo Kim’s Standard General Buys Tegna for $5.4 Billion, Promises Change
Standard General’s Soo Kim triumphed in his third attempt at acquiring Tegna (NYSE: TGNA), the media giant that owns 64 TV stations across 51 US markets. The $5.4 billion deal is a huge win for Korean American Soo Kim, who was already Tegna’s largest shareholder. Last year Kim called on the company to open its…