Tegna CEO: We're Interested in Selling
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Looking at Tegna’s actions ever since Mike Steib took over as CEO, it looks like he is setting the company up for a sale.
When Trump’s FCC relaxes ownership rules, you can expect a lot of buying and selling to happen with stations and media companies.
Tegna looks to be more of a seller than a buyer.
On the earnings call, Steib told analysts, “we are buyers of anything that’s a fit for our mission and our company. And if there’s anything someone wants to buy from us at a price that is more than it is worth to our shareholders, we’re interested in selling it.”
He might say he’s a buyer, but I continue to place my bets on selling.
Just saying…
