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It turns out that WGRZ's owner, TEGNA, will NOT be merging with Standard General after all.
Per Lance Venta's Radio Insight, the deal has been terminated after the funding deadline passed.
http://radioinsight.com/headlines/252435/following-fcc-approval-delay-tegna-standard-general-merger-is-terminated/
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So what does this mean for WGRZ? Layoffs? Staus quo? Another deal? Stay tuned...