According to Bloomberg, Byron Allen has shored up more investors to back his $23-a-share takeover of the Tegna stations.

Allen is seeking another $8 billion dollars in an effort to outbid private equity giant Apollo and Soo Kim’s Standard General.

Allen is also in talks to roll his existing businesses including the Weather Channel and local TV stations into the company to help secure enough financing to take control of Tegna.

Bloomberg reports that Allen has also told Tegna that he’s willing to agree to whatever divestitures or remedies are necessary to win regulatory approval from the U.S. Federal Communications Commission and the Justice Department.

For people working at Tegna, Allen would likely be the best choice to have buy them. Apollo has basically cratered the Cox stations.

Allen says he plans on investing money into the Tegna stations if he takes over and says that local news is very important.

That’s refreshing news to hear.