What Is This Vote For?
Given Standard General’s substantial investment in TEGNA, our expertise in the broadcasting industry, and our focus on driving value for all TEGNA shareholders, we strongly believe that TEGNA shareholders would benefit from having Standard General’s three diverse, highly qualified and independent nominees on the TEGNA board.
TEGNA’s upcoming annual meeting on May 7, 2021 provides shareholders the opportunity to bring new and independent perspectives to TEGNA’s Board, which has presided over numerous strategic missteps and sustained underperformance for a number of years.
We believe that replacing three of TEGNA’s 12 current directors with our diverse, highly qualified, and independent nominees will advance change that is urgently needed and benefits all shareholders. Our director nominees are committed to rigorous oversight of TEGNA’s management, operations and business strategy. The addition of our nominees will also provide TEGNA with a board that much better reflects the diversity of its audience.