https://www.reuters.com/business/media-telecom/media-mogul-byron-allen-raises-10-billion-tegna-bid-debt-refinancing-sources-2021-11-05/



Tegna has fallen in hard  times. They were once part of Gannett. They spun
off the TV stations and were looking for a suitor.
No takers.
After the second failed marriage attempt, the Tegna boss said, in effect,
We may be easy but we're not cheap.

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