Business Wire | Jan 21, 2021 10:34AM EST

TEGNA Responds to Standard General Director Nominations

Jan. 21, 2021

TYSONS, Va.--(BUSINESS WIRE)--Jan. 21, 2021--TEGNA Inc. (NYSE: TGNA) today issued the following statement from the TEGNA Board of Directors in response to Standard General's four director nominations for the 2021 Annual Meeting:

"The Nominating and Governance Committee of the TEGNA Board will evaluate the nominees proposed by Standard General and make a recommendation in due course to the full Board that is in the best interests of TEGNA shareholders."

Forward Looking StatementsCertain statements in this communication may constitute "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995. Any forward-looking statements contained herein are subject to a number of risks, trends and uncertainties that could cause actual results or company actions to differ materially from what is expressed or implied by these statements, including risks relating to the coronavirus (COVID-19) pandemic and its effect on our revenues, particularly our non-political advertising revenues. Potential regulatory actions, changes in consumer behaviors and impacts on and modifications to TEGNA's operations and business relating thereto and TEGNA's ability to execute on its standalone plan can also cause actual results to differ materially. Other economic, competitive, governmental, technological and other factors and risks that may affect TEGNA's operations or financial results are discussed in our Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. Any forward-looking statements in this press release should be evaluated in light of these important risk factors. We disclaim any obligation to update these forward-looking statements other than as required by law.

About TEGNATEGNA Inc. (NYSE: TGNA) is an innovative media company that serves the greater good of our communities. Across platforms, TEGNA tells empowering stories, conducts impactful investigations and delivers innovative marketing solutions. With 64 television stations in 51 U.S. markets, TEGNA is the largest owner of top 4 network affiliates in the top 25 markets among independent station groups, reaching approximately 39 percent of all television households nationwide. TEGNA also owns leading multicast networks True Crime Network and Quest. TEGNA Marketing Solutions (TMS) offers innovative solutions to help businesses reach consumers across television, digital and over-the-top (OTT) platforms, including Premion, TEGNA's OTT advertising service. For more information, visit www.TEGNA.com.

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CONTACT: For media inquiries, contact: Anne Bentley Vice President, Corporate Communications 703-873-6366 abentley@TEGNA.com

CONTACT: George Sard/Andy Duberstein Sard Verbinnen & Co. TEGNA-SVC@SARDVERB.com

CONTACT: For investor inquiries, contact: Doug Kuckelman Head of Investor Relations 703-873-6764 dkuckelman@TEGNA.com