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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| TEGNA Inc | NYSE:TGNA | NYSE | Common Stock |
| Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| 0.02 | 0.14% | 14.17 | 14.33 | 14.105 | 14.25 | 1,053,655 | 01:00:00 |
From May 2022 to May 2024
By Sabela Ojea
Standard General L.P. said Monday that it reached a deal with one of Tegna Inc.'s labor unions to support the pending acquisition of the TV stations owner.
The capital management firm said the agreement signed with the International Alliance of Theatrical Stage Employees includes job protections for three years, raising local news budgets and increasing hours of local news programming by 20%, among other clauses.
Standard General had previously committed to invest in local news and preserve newsroom jobs for two years.
The IATSE union has 168,000 members. Tegna's deal with Standard, initially valued at $5.4 billion, is subject to FCC approval.
Write to Sabela Ojea at sabela.ojea@wsj.com; @sabelaojeaguix
(END) Dow Jones Newswires
April 17, 2023 16:22 ET (20:22 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
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