House Speaker Nancy Pelosi (D-Calif.) and Rep. Frank Pallone (D-N.J.) raised concerns about Standard General LP’s proposed $5.4 billion acquisition of U.S.-based broadcast company Tegna, Inc. in a letter to the Federal Communications Commission (FCC). In their letter sent on Thursday, the lawmakers requested current FCC chairwoman Jessica Rosenworcel and her agency to review the pending transaction between Tegna, Standard General and Apollo Global Management, Inc., in an effort to ensure the transaction follows the agency’s values of "localism, competition, and diversity on the airwaves.” The lawmakers also claimed that the acquisition will violate the FCC's mandate by limiting acc
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