Media mogul Soohyung Kim files racial discrimination suit against FCC: Not ‘right type of minority' [FOX Business Network]
TEGNA Inc (TGNA)
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Source: FOX Business Network
FIRST ON FOX – Media mogul Soohyung Kim filed a lawsuit on Wednesday accusing the Federal Communications Commission of derailing an $8.6 billion deal to purchase Tegna Inc. because of racial discrimination because he was not the "right type of minority" for the FCC's diversity goals. "I am suing the FCC because they need to be held accountable for racially discriminating against me. The disparate and unfair treatment in my case is undeniable and unnecessarily divisive. Every person appearing before the FCC deserves to be treated equitably," Kim told Fox News Digital. Kim, a Korean American raised in New York, and his company, Standard General, won a public bidding auction to buy Tegna and its 60-plus television stations in 2022. Kim claims he was set to install a female chief executive and the "transaction was poised to be a historic leap forward for both minority ownership and female leadership of broadcast stations" until the FCC nixed the deal in favor of Black media tycoon By
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- 2/29/24 - Miss
TGNA
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- 5/3/24 - Form 4
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- 5/3/24 - Form 4
- TGNA's page on the SEC website