The stock began 2020 at $32 and traded north of $60 last spring. Tegna, which had already been facing a proxy battle, has dipped to $10.53, a 30% decline in a month.

For decades TV ratings have been the currency for ad rates on local broadcast television. The medium negotiated with cost-per-point (CPP) or how much will it cost to reach 1% of any local TV ...

The stock closed Friday at $31.10, implying a $1.42 billion market capitalization for the company. Meredith's Local Media Group includes 17 TV stations in 12 local markets.