SEC Comment Letter for TEGNA INC (TGNA) (CIK 0000039899) (TGNA) — Feb 20, 2020
TEGNA INC (TGNA) (CIK 0000039899)
Date: Feb. 20, 2020 · CIK: 0000039899 · Accession: 0000000000-20-001597
AI Filing Summary & Sentiment
Letter
February 20 , 2020 Via E -mail Igor Kirman, Esq. Wachtell, Lipton, Rosen & Katz 51 West 52nd Street New York, NY 10019
Re: TEGNA Inc. Definitive Additional Materials on Schedule 14A Filed January 21, 2020 Response dated February 18, 2020 File No. 001 -06961
Dear Mr. Kirman :
We have reviewed your response to our comments and have the following additional comment.
1. We note your response to prior comment 4. Notwithstanding the fact that TEGNA may continue to assert the e xistence of any conflicts of interest with regard to Mr. Kim and Standard General , we believe disclosure of Standard General’s commitment not to make any new investment in TV stations without first offering the opportunity to TEGNA is required in order to provide proper context . In future filings, please include this additional background disclosure where reference is made to conflicts of interest.
* * *
We remind you that the filing persons are responsible for the accuracy and adequacy of their disclosures, notwithstanding any review, comments, action or absence of action by the staff.
Please direct any questions to me at (202) 551 -7951. You may also contact Daniel Duchovny, Special Co unsel, at (202) 551 -3619 .
Sincerely,
/s/ Joshua Shainess
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February 20 , 2020
Via E -mail
Igor Kirman, Esq.
Wachtell, Lipton, Rosen & Katz
51 West 52nd Street
New York, NY 10019
Re: TEGNA Inc.
Definitive Additional Materials on Schedule 14A
Filed January 21, 2020
Response dated February 18, 2020
File No. 001 -06961
Dear Mr. Kirman :
We have reviewed your response to our comments and have the following additional
comment.
1. We note your response to prior comment 4. Notwithstanding the fact that TEGNA may
continue to assert the e xistence of any conflicts of interest with regard to Mr. Kim and
Standard General , we believe disclosure of Standard General’s commitment not to make any
new investment in TV stations without first offering the opportunity to TEGNA is required in
order to provide proper context . In future filings, please include this additional background
disclosure where reference is made to conflicts of interest.
* * *
We remind you that the filing persons are responsible for the accuracy and adequacy of
their disclosures, notwithstanding any review, comments, action or absence of action by the staff.
Please direct any questions to me at (202) 551 -7951. You may also contact Daniel
Duchovny, Special Co unsel, at (202) 551 -3619 .
Sincerely,
/s/ Joshua Shainess
Joshua Shainess
Special Counsel
Office of Mergers and Acquisitions