FTVLive told you last week at the Tegna/Standard General deal could be on thin ice as the FCC refused to sign off on the deal.

After the Department of Justice brought up no major issues with the deal, a number of people thought it was just a formality for the FCC to sign off on the sale and it would be done.

Standard General expected the sale to be finalized in March or April, but then the FCC may have just killed the deal.

“As part of the FCC’s mission, we are responsible for determining whether grant of the applications constituting this transaction serves the public interest,” FCC chair Jessica Rosenworcel said. “That’s why we’re asking for closer review to ensure that this transaction does not anti-competitively raise prices or put jobs in local newsrooms at risk.”

If this does not kill the deal, as it has historically for other transactions, it definitely will delay any decision for months to come.

One TV insider told FTVLive that it is the Tegna employees that are getting screwed.

“The FCC just screwed Tegna employees, hard,” the insider said. “Now these stations are stuck with owners who don’t want them and a spiraling stock price.”

In after-hours trading on Friday, Tegna’s stock price got hammered.

The future of the company Is now up in the air and no one is sure what’s going to happen.

Stay tuned…