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UPDATE 3-Proxy adviser ISS backs one of four Standard General nominees at Tegna [Reuters]

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: Reuters
Proxy adviser ISS backs one of four Standard General nominees at Tegna BOSTON (Reuters) - Proxy adviser Institutional Shareholder Services Inc (ISS) said on Friday that Tegna Inc ( TGNA.N ) shareholders should elect one of hedge fund Standard General LP’s four director nominees to the U.S. regional TV station operator’s 12-member board. ISS backed Standard General nominee Colleen Brown, saying that her “direct experience with local stations would appear to be additive to the board.” ISS recommended that shareholders not vote for three other dissident nominees, including Soohyung Kim, the hedge fund’s founder, who has been Tegna to sell itself. “We are pleased that ISS supports change on the Tegna board, Kim said in a statement. “This recommendation reinforces our clear message that the status quo is no longer acceptable.” Tegna said it “applauds ISS’s rejection of Soohyung Kim and two other Standard General nominees ...but disagrees with the recommendation to vote for one Standard G Show less Read more
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