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Stock impact report

Optimum Accuses Tegna of ‘Predatory' Price Hikes Ahead of Nexstar Merger, Carriage Renewal | Exclusive [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
for imposing “egregious fee increases that are divorced from market reality,” TheWrap has exclusively learned. Among the alleged price hikes are a 30% increase for Tegna's major network affiliates and a 50% increase for the CW. Optimum argued that Tegna's pricing strategy “ignores the current media landscape, where consumers demand value and flexibility.” It also said it's creating a “total disconnect between cost and value” and that the current programming model is “broken and outdated.” “Tegna is operating as if the market hasn't changed in 20 years and its request is nothing short of egregious. Broadcasters cling to an outdated, restrictive and now irrelevant business model that places upward pressure on customer bills, forces them to pay for content they don't watch, and deprives consumers of the choice they expect, and frankly, deserve,” Optimum's President of News, Programming and Business Services Keith Bowen said. “Enough is enough. Tegna's proposal isn't just unrealisti Show less Read more
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