House SpeakerPelosi raised concerns over media merger after taking donations from mogul who is against deal
Pelosi's campaign, as well as her leadership PAC and joint fundraising committee, took over $271,000 combined between October and December 2021 from Byron Allen, the owner of several cable TV networks who is aiming to buy the broadcasting company Tegna, which is selling its 64 local TV stations. Allen raised $10 million for his Tegna bid to compete with the investment firms Apollo Global Management and Standard General, Reuters reported in November 2021.
"The proposed new owners previously told investors they believe TEGNA’s local stations have too many employees, a potential signal of their intent to lay off local journalists," the lawmakers wrote."Although there may not be anything illegal that occurred, the facts and the timeline certainly smell bad to an outside observer," said Pete McGinnis, a spokesman for the Functional Government Initiative.
However, Allen denied the allegation to the outlet, calling it"not true." The businessman also told the outlet his"donations to numerous Democratic politicians and PACs have nothing to do with Tegna and everything to do with protecting our democracy."
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