The Internal Memo

Here is the internal memo that Tegna CEO Mike Steib sent to the staff. Sources at Tegna tell FTVLive that Steib was the one who made a big push to sack these people and streamline (gut) marketing.

In the memo, he writes, “Building a sustainable future for local news is hard….”

I have said this before, and I will say it again: no company has cut their way to prosperity.

The company that invests in news while the others are cutting is the company that will win the battle.