Tegna Giving Out Bonuses...

Tegna is still looking for final approval from the FCC to hand off the company to Standard General.

As a parting gift, Tegna is giving employees a $1000 holiday bonus (works out to $700 and change after taxes).

By the FCC taking so long to approve the deal, it worked out well for Tegna. The company raked in millions off mid-term elections and set record revenue targets in 2022.

Standa General was hoping to own Tegna long before the November election and cash in big on their investment.

Now, it appears that the FCC will give its approval to the deal just as the recession is getting started.

Sucks to be them.