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While Tegna has taken many one time great TV stations and drove them straight into the ground in classic Tegna way, groups are still interested in buying the company.

In speaking with people at Standard General, they feel that Tegna is way underperforming and Standard General feels that if they owned Tegna it would be a much better run and performing company.

Earlier this week, Standard General teamed up with hedge fund Apollo Global Management (Cox station’s owner) to make a binding bid that topped $8 billion for Tegna.

Tegna CEO Dave Lougee sent out an email to the staff saying that they did not actively solicit the bid and it just shows how great Tegna is that others are interested in buying the group.

Insiders at Standard General say that the fact that Tegna is so poorly run is the reason they are interested in the group.

Byron Allen who owns a number of local station, along with The Weather Channel has also expressed interest in Tegna.

While the rumors of Tegna being sold have circulated for years, this time it might actually happen.

Depending on who the buyer ends up being this could be great news for Tegna employees, or it could get even worse.

Apollo has basically gutted the Cox stations and made them a shell of their former self.

I know many at Tegna would be glad to see the company sold and have the legacy stations return to their glory days doing real Journalism and not the Tegna crap they are producing now. “Does this mean we FINALLY get rid of Dave Lougee, Ellen Crooke and the rest of the miserable management bunch in Virginia? God, I hope so!” said one Tegna employee to FTVLive.

But, in these days and times, it doesn’t always mean the grass is greener on the other side of the fence.

Be careful what you wish for, because you might actually get it.

Just saying….