FCC Shouldn't Prolong Standard/Tegna Review, Say R Street, AEI
The FCC should act promptly on the Standard/Tegna deal, said a group of free market advocates from R Street Institute, the Competitive Enterprise Institute, the American Enterprise Institute and others in a joint letter to all four FCC commissioners posted…
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Monday in docket 22-162. “Prolonged review can harm the public in delayed investment and innovation,” said the letter, signed by Roslyn Layton of Strand Consult, Steve Pociask of the American Consumer Institute, and Institute of Liberty President Andrew Langer, among others. The FCC is required to review deals expeditiously, but Standard/Tegna’s review included “not one, but two extensions of pleading cycles; two cycles of FCC document and information request; a rules waiver to allow the petitioners to raise new matters on reply; and two pleading cycles.” The FCC’s “failure to review this transaction in a timely manner carries great cost to the parties and diverts human and financial capital and human resources away from making productive investments,” the letter said. Standard General founder Soohyung Kim said last week the deal will grow more expensive for Standard the longer the FCC waits (see 2301230063).