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Stock impact report

Nexstar lays off local TV journalists including KTLA's Glen Walker and Lu Parker [Los Angeles Times (CA)]

TEGNA Inc (TGNA) 
Last tegna inc earnings: 2/11 08:01 am Check Earnings Report
US:NYSE Investor Relations: investors.tegna.com
The cuts affect multiple major-market stations as traditional TV viewing declines and streaming platforms drain advertising revenue from broadcast television. SAG-AFTRA condemned the layoffs, calling them evidence of dangerous media consolidation as Nexstar pursues a $6.2 billion merger with Tegna. Nexstar Media Group is slashing personnel from its TV stations, including several on-air veterans at Los Angeles outlet KTLA. Glen Walker and Lu Parker, anchors of KTLA's late morning and midday newscasts are out along with meteorologist Mark Kriski , according to people briefed on the moves. Kriski had been with KTLA since 1991, while Walker has been at the station's anchor desk since 2010. Parker joined KTLA in 2005. A representative for Nexstar said the company does not comment on personnel issues, adding it is “taking steps necessary to compete effectively in this period of unprecedented change.” The layoffs are part of a company-wide cost reduction across Nexstar's station Show less Read more
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