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TYSONS, Va.--(BUSINESS WIRE)--
TEGNA Inc. (NYSE: TGNA) today issued the following statement:
“TEGNA today confirmed the company has recently received acquisition proposals. Consistent with its fiduciary duty to TEGNA shareholders, the Board will carefully review and evaluate these proposals.”
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, Twist, and Quest. TEGNA 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.
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 nonpolitical 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. TEGNA is not responsible for updating the information contained in this press release beyond the published date, or for changes made to this press release by wire services, Internet service providers or other media.
tegna's dynamic portfolio combines one of the largest, most geographically diverse broadcasters in the u.s. with well-positioned digital businesses. tegna media includes 46 television stations (including those serviced by tegna) and is the largest independent station group of major network affiliates in the top 25 markets, reaching approximately one-third of all television households nationwide and represents the #1 nbc affiliate group, the #1 cbs affiliate group and the #4 abc affiliate group. tegna also combines cars.com and careerbuilder, providing the company’s advertising partners with access to two very important categories: human capital solutions and automotive. also part of this powerful digital mix is g/o digital, which helps businesses, big and small, grow by delivering digital marketing solutions that drive results. combined, tegna reaches more than 90 million americans, empowering them to act with conviction and navigate their world successfully.
