Allen Secures another $2 Billion For Tegna Bid

Media mogul Byron Allen is doing all he can to make sure that he is the one to buy the Tegna stations.

Allen Media is one of the groups looking to buy Tegna and he just added another $2 billion bucks to his war chest.

Allen is working with a consortium of 14 banks and 10 investors and has now secured $10 billion dollars to try and buy Tegna.

Apollo and Standard General have teamed up to also bid for the Tegna stations, along with other groups.

Insiders tell FTVLive that Tegna will be choosing a winning bidder before the end of the year.

Byron Allen is doing his best to make sure that choice is him.