Standard General Responds To TEGNA Turn-down


As RBR+TVBR exclusively reported on Wednesday (2/19)TEGNA‘s Board of Directors unanimously declined to give four board seats to any of the nominees presented by shareholder Standard General — the equity investor led by Soohyung Kim.

The decision went beyond its earlier nix of Kim as a seat holder.

On Thursday, Kim responded to Standard General’s shareholders by asking to look toward Wall Street, as TEGNA continues to engage in “value-destroying M&A strategy,” which underscores “the urgent need for change.”

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