Tegna to Meet with Standard General This Week

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Sources tell FTVLive that Tegna is set to meet with Standard General this week.

Standard General is headed up by Soo Kim, who happens to be the largest shareholder of Tegna.

FTVLive reported that Tegna had spent well north of $10 million dollars (while furloughing employees) to fight off Kim and Standard General in their effort to obtain board seats on Tegna’s board.

Tegna won that fight after sending out literature to shareholders basically telling them that Kim was bad for the company.

Now, the two sides are going to meet this week and I would love to be a fly on the wall of that meeting.

Stay tuned….