Hedge Fund Strikes Deal to Acquire TEGNA; Will 9News Suffer the Same Fate as The Denver Post?

What would 9News be without Kyle Clark, Kathy Sabine, Marshall Zelinger, Nicole Vap, Chris Vanderveen, Kim Christiansen and Jeremy Jojola? Sadly, we may find out now that news has broken that the hedge fund Standard General LP, pending regulatory approvals, will acquire 9News parent company TEGNA for $8.6 billion. Twelve years ago, The Denver Post was acquired by another investment firm, Alden Global Capital, and it cut the Post’s newsroom by approximately two-thirds – from 250 journalists in 2010 to fewer than 70 by 2018. Is 9News facing a similar future?

Some of the most visible and respected (and compensated) television journalists in Denver may become free agents in the coming months and years, which has the potential to completely reshape television news in our city. If I am the GM at CBS4, Fox31 or Denver7, I am preparing to open my wallet to poach as many of the 9News journalists as I can in an effort to end 9News’ ratings dominance.

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