Standard Media Group is an American broadcast and digital media company based in

Nashville, Tennessee Nashville, often known as Music City, is the capital and List of municipalities in Tennessee, most populous city in the U.S. state of Tennessee. It is the county seat, seat of Davidson County, Tennessee, Davidson County in Middle Tennessee, locat ...

. Standard Media was founded in 2018 by Deborah A. McDermott, who serves as the company's

CEO A chief executive officer (CEO), also known as a chief executive or managing director, is the top-ranking corporate officer charged with the management of an organization, usually a company or a nonprofit organization. CEOs find roles in variou ...

. Previously, McDermott was the

chief operating officer A chief operating officer (COO), also called chief operations officer, is an executive in charge of the daily operations of an organization (i.e. personnel, resources, and logistics). COOs are usually second-in-command immediately after the C ...

Media General Media General, Inc. was an American media company based in Richmond, Virginia. The company's origins can be traced back to 1887 when Richmond attorney Joseph Bryan acquired ''The Richmond Daily Times'', which later became ''The Richmond Times-D ...

and CEO-president of

Young Broadcasting Young Broadcasting, LLC was an American media company that owned or operated 12 television stations in 10 markets with a total U.S. television household coverage of 5.9%. The company was formerly known as Young Broadcasting Inc. and was the out ...

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. In 2017, Media General was acquired by Nexstar Broadcasting Group for $4.6 billion. On May 16, 2019, Standard Media announced plans to purchase two ABC-affiliated television stations from

Citadel Communications Citadel Communications Ltd. was an American private broadcasting company. It was based in Bronxville, New York and most recently owned 1 low-power television station on which it operated a regional 24-hour cable news channel. The company wa ...

for $83 million. The stations,

WLNE-TV WLNE-TV (channel 6) is a television station licensed to New Bedford, Massachusetts, United States, serving as the ABC affiliate for the Providence, Rhode Island, area. The station is owned by Standard Media, and maintains studios in the Orms ...

in Providence,

Rhode Island Rhode Island ( ) is a state in the New England region of the Northeastern United States. It borders Connecticut to its west; Massachusetts to its north and east; and the Atlantic Ocean to its south via Rhode Island Sound and Block Is ...

and

KLKN KLKN (channel 8) is a television station in Lincoln, Nebraska, United States, affiliated with ABC. Owned by Standard Media, the station maintains studios on 10th Street south of downtown Lincoln and broadcasts from a transmitter located near ...

in Lincoln,

Nebraska Nebraska ( ) is a landlocked U.S. state, state in the Midwestern United States, Midwestern region of the United States. It borders South Dakota to the north; Iowa to the east and Missouri to the southeast, both across the Missouri River; Ka ...

, have been operated by Citadel since 2011 and 1996 respectively. The company announced the acquisition of Waypoint Media and its affiliated companies in November 2019. The Waypoint deal collapsed in January 2021. In November 2020,

Sinclair Broadcast Group Sinclair, Inc., doing business as Sinclair Broadcast Group, is a publicly traded American telecommunications conglomerate that is controlled by the descendants of company founder Julian Sinclair Smith. Headquartered in the Baltimore suburb o ...

announced that they would sell Fox affiliate

KBSI KBSI (channel 23) is a television station licensed to Cape Girardeau, Missouri, United States, serving as the Fox affiliate for Southeastern Missouri, the Purchase area of Western Kentucky, Southern Illinois, and Northwest Tennessee. It is ...

and

MyNetworkTV MyNetworkTV (stylized as mynetworkTV; unofficially abbreviated MNT or MNTV) is an American commercial broadcast television syndication service and former television network owned by Fox Corporation, operated by its Fox Television Stations ...

affiliate WDKA in

Paducah, Kentucky Paducah ( ) is a List of cities in Kentucky, home rule-class city in the Upland South, and the county seat of McCracken County, Kentucky, United States. The most populous city in the Jackson Purchase region, it is located in the Southeastern Unit ...

, to Community News Media (a subsidiary of Standard Media) for $28 million, in a transaction that closed in 2021. On February 22, 2022, a partnership of

Standard General Standard General L.P. is an American hedge fund headquartered in New York City. It was founded in 2007 by Soohyung "Soo" Kim and Nicholas Singer with seed capital from Reservoir Capital Group. Since 2013, Soo Kim has been the Managing Partner and ...

and Apollo announced their intent to acquire

Tegna Tegna Inc. (stylized in all caps as TEGNA) is an American publicly traded broadcast, digital media and marketing services company headquartered in Tysons, Virginia. It was created on June 29, 2015, when the Gannett Company split into two publi ...

; Apollo will hold non-voting shares in the company. As part of the sale, Standard General will sell Standard Media to

Cox Media Group CMG Media Corporation (doing business as Cox Media Group) is an American media conglomerate principally owned by Apollo Global Management in conjunction with Cox Enterprises, which maintains a 29% minority stake in the company. The company p ...

, which will also acquire Tegna's stations in Dallas–Fort Worth, Houston, and Austin (including

WFAA WFAA (channel 8) is a television station licensed to Dallas, Texas, United States, serving as the American Broadcasting Company, ABC affiliate for the Dallas–Fort Worth metroplex. It is owned by Tegna Inc. alongside Decatur, Texas, Decatur-li ...

KHOU KHOU (channel 11) is a television station in Houston, Texas, United States, affiliated with CBS. It is owned by Tegna Inc. alongside Conroe-licensed Quest station KTBU (channel 55). The two stations share studios on Westheimer Road near ...

, and

KVUE KVUE (channel 24) is a television station in Austin, Texas, United States, affiliated with ABC and owned by Tegna Inc. The station's studios are located on Steck Avenue just east of Loop 1 in northwest Austin, and its transmitter is located ...

WFXT WFXT (channel 25) is a television station in Boston, Massachusetts, United States, affiliated with the Fox Broadcasting Company, Fox network and owned by Cox Media Group. Its studios are located on Fox Drive (near the Boston-Providence Turnpi ...

in Boston will then be divested to Standard General. The sale was approved by Standard General and Apollo Global Management on May 17, 2022. In February 2023, it was confirmed that the deal would be given a hearing before an

administrative law judge An administrative law judge (ALJ) in the United States is a judge and trier of fact who both presides over trials and adjudicates claims or disputes involving administrative law, thus involving administrative units of the executive branch of go ...

, which the FCC Commissioner's Board voted to remand the merger review. The deal was terminated on May 22, 2023. On June 3, 2024, Standard Media and the

Chicago Blackhawks The Chicago Blackhawks (spelled Black Hawks until 1986, and known colloquially as the Hawks) are a professional ice hockey team based in Chicago. The Blackhawks compete in the National Hockey League (NHL) as a member of the Central Division (N ...

, Bulls, and

White Sox The Chicago White Sox are an American professional baseball team based in Chicago. The White Sox compete in Major League Baseball (MLB) as a member club of the American League (AL) Central Division. The club plays its home games at Rate Fie ...

announced the new

regional sports network A regional sports network (RSN) in the United States and Canada is a television channel that presents sports programming to a local media market or geographical region. Such channels often focus on one or a few teams who currently play in Major L ...

Chicago Sports Network, which is expected to launch in time for the Blackhawks' and Bulls' 2024–25 season. It was later confirmed that the network would launch October 1.

Stations

Chicago Sports Network

References

External links

Official websiteKBSI WebsiteWDKA WebsiteWLNE-TV WebsiteKLKN Website
{{Tegna Television broadcasting companies of the United States Companies based in Nashville, Tennessee Mass media companies established in 2018