Congresswoman Janice D. Schakowsky | Congresswoman Janice D. Schakowsky Official Website
Congresswoman Janice D. Schakowsky | Congresswoman Janice D. Schakowsky Official Website
WASHINGTON - On May 10, U.S. Representative Jan Schakowsky, a Chief Deputy Whip and Ranking Member of the Innovation, Data, and Commerce Subcommittee, issued the following statement regarding Federal Communications Commissioner Jessica Rosenworcel’s decision to block the proposed takeover of TEGNA, the 2nd largest network of local news stations, by Apollo Global and Standard General:
“It is refreshing that FCC Chair Jessica Rosenworcel is considering the public interest in this particular case. Local news is the lifeblood of our democracy, and unfortunately it appears as though Wall Street saw what they did to local newspapers as a model worthy of replication. I applaud Chair Rosenworcel for considering the impact of Wall Street investments on local news. Should things change, know that I will be closely watching Standard General to ensure that they uphold the promises they’ve made – a three-year commitment to protect all jobs, a 20% guaranteed increase in newsroom budgets, and an annual $5 million fund out of profits to fund emerging journalists.”
Original source can be found here.
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