TEGNA Responds to Standard General Director Nominations
TEGNA Inc. (NYSE: TGNA) responded to Standard General’s nominations for the 2021 Annual Meeting, stating that their Nominating and Governance Committee will evaluate the proposed nominees and later recommend to the full Board. The statement emphasizes the commitment to act in the best interests of TEGNA shareholders.
The company notes potential risks that could impact its operations, including the effects of the COVID-19 pandemic on revenues, particularly in non-political advertising, and regulatory challenges that may affect TEGNA's future plans.
- TEGNA's Nominating and Governance Committee is open to evaluating new director nominations, indicating a commitment to shareholder interests.
- Potential revenue impacts from the COVID-19 pandemic, particularly in non-political advertising.
- Regulatory uncertainties could hinder TEGNA's ability to execute its standalone plan.
TEGNA Inc. (NYSE: TGNA) today issued the following statement from the TEGNA Board of Directors in response to Standard General’s four director nominations for the 2021 Annual Meeting:
“The Nominating and Governance Committee of the TEGNA Board will evaluate the nominees proposed by Standard General and make a recommendation in due course to the full Board that is in the best interests of TEGNA shareholders.”
Forward Looking Statements
Certain statements in this communication may constitute “forward-looking statements” as defined in the Private Securities Litigation Reform Act of 1995. Any forward-looking statements contained herein are subject to a number of risks, trends and uncertainties that could cause actual results or company actions to differ materially from what is expressed or implied by these statements, including risks relating to the coronavirus (COVID-19) pandemic and its effect on our revenues, particularly our non-political advertising revenues. Potential regulatory actions, changes in consumer behaviors and impacts on and modifications to TEGNA’s operations and business relating thereto and TEGNA’s ability to execute on its standalone plan can also cause actual results to differ materially. Other economic, competitive, governmental, technological and other factors and risks that may affect TEGNA’s operations or financial results are discussed in our Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. Any forward-looking statements in this press release should be evaluated in light of these important risk factors. We disclaim any obligation to update these forward-looking statements other than as required by law.
About TEGNA
TEGNA Inc. (NYSE: TGNA) is an innovative media company that serves the greater good of our communities. Across platforms, TEGNA tells empowering stories, conducts impactful investigations and delivers innovative marketing solutions. With 64 television stations in 51 U.S. markets, TEGNA is the largest owner of top 4 network affiliates in the top 25 markets among independent station groups, reaching approximately 39 percent of all television households nationwide. TEGNA also owns leading multicast networks True Crime Network and Quest. TEGNA Marketing Solutions (TMS) offers innovative solutions to help businesses reach consumers across television, digital and over-the-top (OTT) platforms, including Premion, TEGNA’s OTT advertising service. For more information, visit www.TEGNA.com.
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