A TEGNA Station’s Prior Owner Defaults On Promissory Note


LAS VEGAS — In the South Texas city of Corpus Christi, viewers who wish to tune to ABC network programming go to KIII-3, a station currently owned by TEGNA.

The company formerly known as Gannett took ownership of KIII in July 2014. Now, the company that sold KIII to TEGNA appears to be in a bit of a bind. And, it is the prior owner before that who is alleging a default on the payment of a promissory note valued at $7 million.

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