Tegna (TGNA) Proxy Filing summary

Executive summary

• Agreement reached to combine with Nexstar Media Group, aiming to accelerate digital transformation and strengthen local news for the future.

• The combined entity will leverage strong financials to invest in journalism, technology, and innovation, enhancing competitiveness against Big Tech.

• No immediate operational changes; both companies will operate separately until regulatory approval and closing, expected in the second half of 2026.

• Leadership emphasizes commitment to journalistic excellence, local news, and serving 51 communities.

• Communications highlight pride in recent growth, especially in streaming audiences and revenue.

Voting matters and shareholder proposals

• The proposed transaction will be submitted to shareholders for approval, with a proxy statement to be filed with the SEC.

• Shareholders are encouraged to review all relevant SEC filings before voting.

Board of directors and corporate governance

• Directors, executive officers, and employees may participate in the proxy solicitation.

• Information on board and executive compensation, as well as beneficial ownership, is available in the 2025 annual meeting proxy statement and recent SEC filings.