SG: No Newsroom Layoffs for at Least 3 Years

When Standard General put in their bid to buy the Tegna stations, they promised that they would not make any newsroom layoffs for at least 2 years.

Now, as SG scrambles to get the deal done, they have upped that promise now to 3 years.

Standard General is also committing to boost local news budgets and hours by "an average" of 20% across the board.

Lastly, Standard General is saying that they will spend $5 million per year over three years in a local news grant fund to "support an environment where local journalism can grow, not just at the Tenga stations, but more broadly."

This is the company’s last ditch effort to try and get the FCC to sign off on the deal and let Standard General acquire Tenga.

Stay tuned…