- 4-Week # shares sold: 6,916
- 12-Week # shares sold: 6,916
- 24-Week # shares sold: 6,916
As rules on station ownership have loosened, Tegna is the biggest potential target around.
CEO Rich Battista said the layoffs are the result of shifting the publisher's emphasis online.
Shares in the magazine publisher fall after it cuts its dividend and pledges to sell certain assets to fund new digital ventures.