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CEO Of Local TV Giant Tegna Says FCC Chair, Biden Administration Have Placed “A Constraint Around Our Neck” With “Antiquated” Regulations
Tegna CEO Dave Lougee said the Biden Administration and the FCC have put "a restriction around our neck" with their strict regulatory stance.
TegnaPhoto Illustration by Igor Golovniov/SOPA Images/LightRocket via Getty Images The exec was asked about the proposed acquisition of Tegna by private equity firm Standard General during an appearance Thursday at Gabelli Funds’ annual Media & Entertainment Symposium. There is “tremendous frustration in the ecosystem, and appropriately so, about an incredibly antiquated regulatory structure that has been doubled down on by this particular chair, and I guess I would say Administration as well,” Lougee continued. Prior to Lougee’s comments, Sinclair CFO Lucy Rutishauser at the same conference articulated similar criticism about the ownership cap, noting that other media and tech sectors are not limited in terms of their reach to consumers.
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