TV News Check – A hedge fund that has been buying up stakes of post-Chapter 11 Young Broadcasting and its 11 TV stations in 11 markets has filed with the FCC to become the majority owner.
Standard General is a New York-based hedge fund managed by Soohyung Kim and Nicholas Singer. According to a 2011 article in the online Hedge Fund Alert trade publication, the two are money management veterans who founded Standard General in 2007 with $100 million in invested funds and were growing that last year to $1 billion.
