[1] Standard General was active in managing the bankruptcies of Aliante Casino and Hotel, American Apparel,[3] Greektown, RadioShack[4] and Young Broadcasting.

[5] Kim oversaw a major expansion of its operations, including a reverse merger with Dover Downs Gaming & Entertainment to take Twin River public, and various casino acquisitions in 2020.

[12] 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.

In recognition of this series of shareholder value-creating transactions, in May 2016, Gabelli Funds inducted Media General board member Soohyung Kim into the GAMCO Management Hall of Fame.

[21] In April 2016, Boyd Gaming agreed to purchase the ALST Casino Holdco LLC for total net cash consideration of $380 million.

[28] On February 22, 2022, Tegna Inc. announced that it had agreed to be taken private by a group led by Standard General and Apollo Global Management for $24 per-share, valuing the company at $5.4 billion.

On March 30, 2022, Cox Media Group announced that it would sell 18 stations, namely KLAX in Alexandria, WICZ in Binghamton, KIEM and KVIQ-LD in Eureka, WABG, WNBD and WXVT in Greenwood, KPVI in Idaho Falls, KMVU and KFBI-LD in Medford, WHBQ in Memphis, KAYU in Spokane, WSYT in Syracuse, KOKI and KMYT in Tulsa, KCYU-LD and KFFX in Yakima and KYMA in Yuma to Imagicomm Communications—a shell company affiliated with the cable network INSP—for an undisclosed amount.

[37] 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.