Standard Media Explained

Standard Media Group LLC
Type:Private
Fate:Acquisition by Rincon Broadcasting Group pending
Foundation:2018
Location:Nashville, Tennessee
Area Served:United States (Midwest, Northeast, and Southeast)
Homepage:www.standardmedia.com

Standard Media Group is an American broadcast and digital media company based in Nashville, Tennessee. Standard Media was founded in 2018 by Deborah A. McDermott, who serves as the company's CEO. Previously, McDermott was the chief operating officer of Media General and CEO-president of Young Broadcasting.

History

Between 2012 and 2017, McDermott and her team led the acquisition of more than 90 television stations and helped grow Young/Media General from a $220 million regional TV group to a nearly $5 billion media company.[1] In 2017, Media General was acquired by Nexstar Broadcasting Group for $4.6 billion.[2]

On May 16, 2019, Standard Media announced plans to purchase two ABC-affiliated television stations from Citadel Communications for $83 million.[3] The stations, WLNE-TV in Providence, Rhode Island and KLKN in Lincoln, Nebraska, have been operated by Citadel since 2011 and 1996 respectively.[4] [5] The company announced the acquisition of Waypoint Media and its affiliated companies in November 2019.[6] The Waypoint deal collapsed in January 2021.[7]

In November 2020, Sinclair Broadcast Group announced that they would sell Fox affiliate KBSI and MyNetworkTV affiliate WDKA in Paducah, Kentucky, to Community News Media (a subsidiary of Standard Media) for $28 million, in a transaction that closed in 2021.[8]

On February 22, 2022, a partnership of Standard General and Apollo Global Management announced their intent to acquire Tegna; Apollo will hold non-voting shares in the company. As part of the sale, Standard General will sell Standard Media to Cox Media Group, which will also acquire Tegna's stations in Dallas–Fort Worth, Houston, and Austin (including WFAA, KHOU, and KVUE). WFXT in Boston will then be divested to Standard General.[9] [10] [11] The sale was approved by Standard General and Apollo Global Management on May 17, 2022.[12] [13] In February 2023, it was confirmed that the deal would be given a hearing before an administrative law judge, which the FCC Commissioner's Board voted to remand the merger review.[14] The deal was terminated on May 22, 2023.[15] [16]

On June 3, 2024, Standard Media and the Chicago Blackhawks, Bulls, and White Sox announced the new regional sports network Chicago Sports Network, which is expected to launch in time for the Blackhawks' and Bulls' 2024–25 season.[17] It was later confirmed that the network would launch October 1.[18]

On September 22, 2025, it was announced that Rincon Broadcasting Group would buy all four stations for $50 million, pending FCC approval.[19]

Stations

Media marketStateStationChannelAcquiredNetwork affiliation
PaducahKentuckyKBSI232021Fox
WDKA492021MyNetworkTV
LincolnNebraskaKLKN82019ABC
ProvidenceRhode IslandWLNE-TV62019Roar

Chicago Sports Network

See main article: Chicago Sports Network.

External links

Notes and References

  1. Web site: Staff Writer . Nashville company to acquire two TV stations . Nashville Post . NashvillePost.com . May 16, 2019 . May 16, 2019.
  2. Web site: Lieberman . David . Nexstar Completes $4.6B Acquisition Of Media General . Dateline.com . January 17, 2017 . Dateline Hollywood . January 17, 2017.
  3. Web site: Jessell . Harry . McDermott In The Station Game With WLNE, KLKN . TVNewscheck.com . May 16, 2019 . NewsCheck Media . May 16, 2019.
  4. Web site: Citadel Communications Named New Owner of ABC6 News . https://web.archive.org/web/20181028225629/http://www.abc6.com/story/14297407/story?S=14297407 . dead . October 28, 2018 . abc6.com . WLNE-TV . March 22, 2011.
  5. Memorandum Opinion and Order . FCC Record . December 1986 . 1 . 786–1040 . FCC . May 16, 2019.
  6. Web site: Standard Media Group Buys Waypoint, Vision Stations. Lafayette. Jon. Broadcasting & Cable. November 25, 2019. November 26, 2019.
  7. http://licensing.fcc.gov/cgi-bin/ws.exe/prod/cdbs/forms/prod/prefill_and_display.pl?Application_id=1824159&Form_id=905&Facility_id=9409 Notice of Non-Consummation
  8. Web site: Jacobson. Adam. January 20, 2021. FCC OK's Sinclair Duo's Spin To Soo Kim. February 22, 2022. Radio & Television Business Report. en-US.
  9. Web site: Szalai. Alex Weprin,Georg. Weprin. Alex. Szalai. Georg. February 22, 2022. Local TV Giant TEGNA Sold to Private Equity Firms in Mega-Deal. February 22, 2022. The Hollywood Reporter. en-US.
  10. Web site: February 22, 2022. WFAA and Houston, Austin TV stations expected to go to Cox Media in Tegna's $5.4 billion sale. February 22, 2022. Dallas News. en.
  11. Web site: Radio Implications To Today's Standard General Acquisition of TEGNA. February 22, 2022. RadioInsight. February 22, 2022 . en-US.
  12. Web site: Goldsmith. Jill. Tegna Shareholders Approve Sale Of Broadcaster To Standard General, Apollo Global. Deadline Hollywood. May 17, 2022.
  13. Web site: June 6, 2022 . FCC Wants More Info Before It Decides Fate Of Tegna-Cox-Standard Deal . live . https://web.archive.org/web/20220828050322/https://www.insideradio.com/free/fcc-wants-more-info-before-it-decides-fate-of-tegna-cox-standard-deal/article_24bcbb78-e567-11ec-ab43-97870c24410d.html . August 28, 2022 . August 27, 2022 . Inside Radio.
  14. Web site: Johnson. Ted. Standard General Blasts FCC Decision On Tegna Merger, Calls For Full Commission Vote. Deadline Hollywood. February 27, 2023.
  15. News: May 22, 2023 . Standard General's Tegna Takeover Doomed After Money Dries Up . en . Bloomberg.com . May 24, 2023.
  16. Web site: Lafayette . Jon . April 16, 2023 . Standard General Files Brief Asking Court To Force FCC To Rule on Tegna Deal . April 20, 2023 . Broadcasting & Cable . en.
  17. Web site: Libit . Daniel . June 3, 2024 . Sox, Bulls and Blackhawks to Launch Chicago Sports Network . June 3, 2024 . Sportico.com.
  18. Web site: Get out your old antenna, sports fans. Chicago Sports Network to launch Oct. 1 on DirecTV and free TV . .
  19. Web site: Ellis . John . September 22, 2025 . Lincoln ABC Affiliate Sold as Rincon Buys Standard Media Stations . September 23, 2025 . Northpine . en-US . live . https://web.archive.org/web/20250923125727/https://northpine.com/2025/09/22/lincoln-abc-affiliate-sold-as-rincon-buys-standard-media-stations/ . September 23, 2025.