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While Tegna executives to continue to try and defend themselves from claims of racial injustices, its largest shareholder is reaching out directly to shareholders.

Soo Kim heads up Standard General, which is the largest shareholder in Tegna.

Tegna has spent millions of dollars trying to discredit both Kim and Standard General from obtaining seats on the Tegna board.

In his letter to shareholders, Kim points out that during the pandemic in which Tegna furloughed its employees in an effort to save money, Tegna CEO Dave Lougee was given a 16% raise and was paid nearly $7 million bucks.

That cannot sit well with employees that were forced to take a week off without pay.

Here is a portion of Soo Kim’s letter to shareholders, discussing the pandemic pay raise for Lougee.