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Standard General withdraws nominee to Tegna board

Mar 30, 2020 - Nasdaq

B y Svea Herbst-Bayliss March 30 (Reuters) - Standard General, the hedge fund battling for board seats at Tegna Inc TGNA.N , said on Monday it withdrew one of its five director nominees after discovering a "contractual restriction" on him serving on the U.S regional TV station operator's board. Lawrence Wert, a former Tribune Media Company executive who was nominated as a director four weeks ago, withdrew as a Standard General nominee on March 27, the hedge fund said in a regulatory filing on ...