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Standard General Holds Talks Over Warner Bros. Discovery Cable TV Assets – FT [Yahoo! Finance]
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Citing people briefed on the matter, the article reported that Kim had been approached by “at least one” WBD shareholder about acquiring some or all of the cable TV assets, which include CNN and the T-Nets. The identity of the shareholder was not revealed. More from Deadline Roy Wood Jr.'s CNN Holiday Special Gets New Airdate After Shootings Postponement Paramount Stands By Its WBD Offer Despite Board Rebuff, Warns Netflix Scenario Would Add To Linear TV Woes Warner Bros Discovery Urges Shareholders To Reject Paramount's Hostile Bid Kim leads Standard General, a hedge fund that is the biggest shareholder in gambling and interactive firm Bally's Corporation and owns MediaCo, a Burbank-based TV and radio business catering for African-Americans and Hispanic Americans. His company also came close to an $8.6B deal for station owner Tegna, but the deal was scrapped after regulatory problems in 2023. We've reached out to WBD for comment. Standard General couldn't be contacted be
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