Tegna finally sold. Cox will take over a handful of stations. https://www.poynter.org/business-work/2022/tegna-standard-general-sale-local-tv/
I loved this: Kim also was publicly critical of Tegna giving CEO Dave Lougee <https://www.tegna.com/leadership-team/dave-lougee/> a 16% pay raise — raising his base compensation to $6.7 million — while the company’s stock prices dropped and Tegna furloughed and cut pay for employees. On Fri, Dec 10, 2021, 7:27 PM Steve Timko <[email protected]> wrote: > So apparently they didn't take Byron Allen's bid seriously. He showed no > proof of having the money. > And a bid from another suitor hit a snag. > > > https://nypost.com/2021/12/10/tegnas-talks-to-sell-tv-empire-for-8-4-billion-hits-roadblock/ > > On Fri, Dec 3, 2021, 10:21 AM Steve Timko <[email protected]> wrote: > >> >> https://www.reuters.com/business/media-telecom/media-mogul-byron-allen-raises-10-billion-tegna-bid-debt-refinancing-sources-2021-11-05/ >> >> >> >> Tegna has fallen in hard times. They were once part of Gannett. They >> spun off the TV stations and were looking for a suitor. >> No takers. >> After the second failed marriage attempt, the Tegna boss said, in effect, >> We may be easy but we're not cheap. >> >> -- You received this message because you are subscribed to the Google Groups "TVorNotTV" group. To unsubscribe from this group and stop receiving emails from it, send an email to [email protected]. To view this discussion on the web visit https://groups.google.com/d/msgid/tvornottv/CAH5J8yy283pjMiCwPda-gcNbSKj-PjdbbONihHa78ptb%2BPmCpQ%40mail.gmail.com.
