TEGNA Announces Refunds for Premion Premium Audience Selects Customers

MCLEAN, Va.–(BUSINESS WIRE)–TEGNA Inc. (NYSE: TGNA) today announced that it has identified system issues that affected certain 2018 “Premium Audience Selects” targeting segments and determined that they had not been delivered correctly. The issue has been resolved and Premion has implemented new ad operations processes as a result.

The company has begun notifying its customers and is offering a full refund for the affected “Premium Audience Selects” 2018 campaigns that ended on or before November 30, 2018. The impacts of this issue are immaterial to TEGNA’s total 2018 company results, although it affects up to approximately 17 percent of Premion’s total revenue for 2018.

Premion campaigns that do not include “Premium Audience Selects” targeting are not affected by this issue.

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