So What Changed at Tegna?

We told you that there are a number of media companies that may be interested in acquiring Tegna.

CEO Dave Lougee emailed the employees and said that the Tegna board will take a serious look at the offers and decide what they think is the best move.

What is interesting is that many of these same companies show interest in Tegna before the pandemic. At the time, Lougee acted like he was offended and said, “We're buyers, not sellers.”

But now, Lougee seems to be more interested in possibly selling the company this time.

So what changed?

The stock price of Tegna.

Look at this chart and you will see that just in the past year, Tegna’s stock has nearly doubled.

If Tegna can get a bidding war going, it can drive the stock price even hire and Dave Lougee and the gang can pack more into their golden parachute before jumping.

This is about money, it’s always about money.

Just saying….