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Coronavirus Pandemic Puts a Bright Spotlight on Local TV Station Groups
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variety.com
variety.comThe TV station group Tegna has been the subject of acquisition rumors for nearly a year. Finally, bids started to surface earlier this month that pegged the company’s market value at about $8.5 billion.
But in the space of a week, the assets up for grabs at Tegna have taken on a very different kind of worth. The spread of the coronavirus pandemic has put a klieg light on the invaluable role that local TV stations play in disseminating news and information in times of crisis and emergency.
Even in a hyperconnected and overheated media environment in which news is available online in a nanosecond, survey after survey by Pew Research Center and others confirm that nearly half the country still gets most of its news, especially local news,
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