Tegna falls 5% after Trump criticizes lifting local TV ownership cap

Core Points - Shares in Tegna fell nearly 5% following criticism from President Donald Trump regarding a proposal to lift the current cap on local television station ownership, which is essential for the company's expansion plans [1] Company Summary - Tegna's stock experienced a decline of nearly 5% on Monday due to external political commentary affecting investor sentiment [1] - The proposal to lift the ownership cap is crucial for Tegna's ability to acquire additional local television stations, which could enhance its market position [1]