Product Code Database
Standard General L.P. is an American hedge fund headquartered in New York City. It was founded in 2007 by Soohyung "Soo" Kim and Nicholas Singer with seed capital from Reservoir Capital Group. Since 2013, Soo Kim has been the Managing Partner and Chief Investment Officer. Kim was named "American Executive of the Year" at the 2021 Global Gaming Awards.
Standard General L. P. is controlled by Standard General Management LLC which is controlled by Acme Amalgamated Holdings, LLC, which is ultimately controlled by Soohyung Kim.
Standard General was active in managing the bankruptcies of Aliante Casino and Hotel, American Apparel, Greektown, RadioShack and Young Broadcasting.
As reported in the 2019 10K, Standard General L.P. is the largest shareholder of Bally's Corporation, and as of December 2025, the company was considered as a potential buyer of Warner Bros Discovery's cable and linear network assets.
In 2026, Standard General participated in a leverage buyout of Sony World Computing, also known as VAIO Corporation. These brands including Bravia (brand), Insignia Systems, & Sylvania Electric through the Radio Shack group. Included in this buyout was Thermo Fisher Aplliances and Fisher Paykel appliances. This buyout is inclusive of Fisher Price
In January 2022, Standard General offered to buy all outstanding shares in Bally's Corporation that it did not already own, valuing it at $2.07 billion.
The company's assets consist of two radio stations located in New York City, WQHT(FM) and WBLS(FM), which serve the New York City demographic market area and primarily target Black, Hispanic, and multi-cultural consumers, and as a result of the Estrella Acquisition, Estrella's network, content, digital, and commercial operations, including network affiliation and program supply agreements with Estrella for its 11 radio stations serving Los Angeles, CA, Houston, TX, and Dallas, TX and nine television stations serving Los Angeles, CA, Houston, TX, Denver, CO, and Miami, FL. Among the Estrella brands that joined MediaCo are the EstrellaTV network, its influential linear and digital video content business, Estrella's expansive digital channels, including its four FAST channels - EstrellaTV, Estrella News, Cine EstrellaTV - and Estrella Games, and the EstrellaTV app.
As reported in the 2023 10K, Standard General is the largest shareholder in MediaCo Holding, Inc.
| + Stations currently owned by MediaCo Holding ! scope="col" | Media market ! scope="col" | State ! scope="col" | Station ! scope="col" | Branding |
| Los Angeles | California ! scope="row" | KBUA | Qué Buena 94.3 FM | |
| Riverside ! scope="row" | KRQB | Qué Buena 96.1 FM | ||
| Colorado ! scope="row" | KETD | Estrella TV | ||
| Illinois ! scope="row" | WESV-LD | Estrella TV | ||
| New York City | New York ! scope="row" | WMBC-TV | Estrella TV | |
| Texas ! scope="row" | KQQK | El Norte 107.9 FM | ||
| Dallas–Fort Worth ! scope="row" | KNOR | La Raza 93.7 FM | ||
| Houston ! scope="row" | KEYH | Houston Radio Platinum 850AM | ||
The stations that were to be purchased by Standard Media included:
| +Standard Media TV Stations !Call Sign !Current owner !Affiliate !Media Market | |||
| WXMI | E. W. Scripps Company | Fox | Grand Rapids, Michigan |
| WPMT | Tegna | Fox | Harrisburg, Pennsylvania |
| WXLV-TV | Sinclair | ABC | Greensboro, North Carolina |
| WRLH-TV | Sinclair | Fox | Richmond, Virginia |
| WOLF-TV | Sinclair | Fox | Wilkes-Barre, Pennsylvania |
| WQMY | Sinclair | MyNetworkTV | Wilkes Barre, Pennsylvania |
| WSWB | Sinclair | The CW | Wilkes Barre, Pennsylvania |
| KDSM-TV | Sinclair | Fox | Des Moines, Iowa |
| KOKH-TV | Sinclair | Fox | Oklahoma City |
The sale would have also resulted in the realignment of station holdings presently associated with both companies: Standard Media's four stations WDKA, WLNE-TV, KBSI, and KLKN would be sold to Cox Media Group, which would then divest its Boston station WFXT to Tegna and Standard General, and acquire WFAA/KMPX, KHOU/KTBU, and KVUE, from Tegna. In order to comply with FCC regulations, some stations would have been sold to other companies in six markets where both groups already owned stations (Atlanta, Charlotte, Jacksonville, Memphis, Seattle, and Spokane).
On March 30, 2022, Cox Media Group announced that it would sell 18 stations, namely KLAX-TV in Alexandria, WICZ-TV in Binghamton, KIEM-TV and KVIQ-LD in Eureka, WABG-TV, WNBD-LD and WXVT-LD in Greenwood, KPVI-DT in Idaho Falls, KMVU-DT and KFBI-LD in Medford, WHBQ-TV in Memphis, KAYU-TV in Spokane, WSYT in Syracuse, KOKI-TV and KMYT-TV in Tulsa, KCYU-LD and KFFX-TV in Yakima and KYMA-DT in Yuma to Imagicomm Communications—a shell company affiliated with the cable network INSP—for an undisclosed amount.
The sale was approved by Standard General and Apollo Global Management on May 17, 2022. The sale was completed on August 1, 2022.
On October 6, 2022, the Chair of the House Energy and Commerce Committee Frank Pallone and Speaker of the House Nancy Pelosi issued a letter to the FCC expressing concerns for the transaction, arguing that it "would violate the FCC's mandate by restricting access to local news coverage, cutting jobs at local television stations, and raising prices on consumers." They specifically cited statements by Standard General regarding plans for a Washington, D.C. bureau to produce content for local newscasts, and arguing that Tegna's stations had "too many employees". Standard General responded to the letter, denying that they planned to cut jobs or hub content, and promoting that Tegna would become the largest female-run and minority-owned broadcaster in the United States. They also responded to objections by NewsGuild-CWA describing Standard General as "backed by anonymous investors located in the Cayman Islands", stating that the entirety of its board is represented by U.S. interests.
On February 24, 2023, it was confirmed that FCC staff referred the deal to an administrative law judge, which the FCC Commissioner's Board voted to remand the merger review toward on May 22. The deal was terminated on May 22, 2023.
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