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Communications Workers of America Plots Shareholder Battle Against Nexstar-Tegna Merger [Yahoo! Finance]

TEGNA Inc (TGNA) 
Last tegna inc earnings: 2/11 08:01 am Check Earnings Report
US:NYSE Investor Relations: investors.tegna.com
Company Research Source: Yahoo! Finance
Lucas Manfredi 4 min read Chairman, President & CEO of Nexstar Broadcasting Group Perry A. Sook attends the 24th Annual Broadcasting & Cable Hall Of Fame Awards (Credit: Desiree Navarro/WireImage) The Communications Workers of America is pushing back against Nexstar's pending $6.2 billion merger with Tegna, with the union looking to rally shareholder support at the company's upcoming annual meeting. The National Association of Broadcast Employees and Technicians (NABET-CWA), which represents workers at the company's television stations, said it is looking to “improve governance so local TV stations can survive and thrive in the future.” “Nexstar's board lacks independent leadership from Chair and CEO Perry Sook, contributing to a record of governance problems that are harmful to shareholders,” NABET-CWA President Charlie Braico said in a statement. “Despite strong shareholder support for an independent board chair, the company has delayed implementation of this policy as a Show less Read more
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