TGNA Shareholder Alert: Bronstein, Gewirtz & Grossman, LLC Notifies Shareholders of Investigation of TEGNA, Inc. and Encourages Investors to Contact the Firm

NEW YORK, NY / ACCESSWIRE / March 31, 2020 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of TEGNA, Inc. ("Tegna" or "the Company") (NYSE:TGNA). Investors who purchased Tegna securities are encouraged to obtain additional information and assist the investigation by visiting the firm's site:

www.bgandg.com/tgna.

The investigation concerns whether Tegna and certain of its officers and/or directors have violated federal securities laws.

On March 29, 2020, Tegna announced that it had ceased discussions with parties interested in acquiring the Company, citing the disruptions caused by the COVID-19 pandemic. Then, on March 30, 2020, Standard General LP ("Standard General"), owner of 9.7% of Tegna's outstanding shares, issued a statement criticizing Tegna's approach to the acquisition offers. Standard General's founding partner Soo Kim stated that Tegna's "approach would be off market in any deal environment, and particularly so under current market conditions. . . . [Tegna's] board's actions appear designed to end this process before it can even begin in earnest. This is just the latest in a troubling pattern of behavior. It should never have come to this, and shareholders need to hold this board accountable." On this news, Tegna's stock price fell $2.53 per share, or 19.15%, to close at $10.68 per share on March 30, 2020.

If you are aware of any facts relating to this investigation, or purchased Tegna shares, you can assist this investigation by visiting the firm's site: www.bgandg.com/tgna. You can also contact Peretz Bronstein or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC: 212-697-6484.

Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm's expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.

Contact:

Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Hurwitz
212-697-6484 | info@bgandg.com

SOURCE: Bronstein, Gewirtz & Grossman, LLC

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