TEGNA

TEGNA, Inc. is a media company, which serves the greater good of its communities through empowering stories, impactful investigations and innovative marketing services. It also owns multicast networks Justice Network and Quest. The firm also offers marketing solutions to help businesses reach consumers across television, email, social and over-the-top (OTT) platforms, including Premion, TEGNA’s OTT advertising service. The company was founded by Frank E. Gannett in 1906 and is headquartered in Tysons, VA.

Earnings data Q1 2021

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Earnings data Q4 2024

TEGNA terminates merger, focuses on growth strategies amid revenue challenges

TEGNA navigated the termination of a merger agreement, focusing on stand-alone operations with a strong financial strategy.
Despite revenue challenges from political and major event absences, the company saw growth in subscription revenue and OTT advertising.
Recruitment hurdles, political revenue limitations in Texas, and a single account loss for Premion present challenges and opportunities for TEGNA.

TEGNA reports record Q2 revenue, eyes growth opportunities ahead

TEGNA delivered a strong performance in Q2 with record subscription revenue and improved advertising trends.
Despite challenges like slowed net retrans growth, the company's focus on local advertising and strong balance sheet position it well for the future.
Opportunities in repricing, national advertising growth, and shareholder value creation through accretive opportunities are key focus areas.
Transition to a new CFO signals leadership changes while maintaining confidence in the company's future trajectory.

TEGNA achieves record Q3 revenue, faces CFO transition challenges

TEGNA reported strong performance in subscription revenue and advertising verticals, emphasizing shareholder return and strategic growth initiatives.
Challenges include future negotiations with partners, CFO transition, and uncertainties in ATSC 3.0 adoption and business models.
Opportunities lie in driving revenue growth, audience engagement, and exploring M&A opportunities to capitalize on evolving market trends.
Overall, TEGNA's focus on capital allocation, market presence, and adapting to industry changes positions it for continued growth and shareholder value.

TEGNA reports robust financials, eyes streaming growth amid regulatory changes

TEGNA's Q4 and Full Year '23 performance was strong, meeting or exceeding guidance metrics and revenue targets
The company's new capital allocation framework aims to enhance shareholder value over the next 2 years
Strategic acquisitions like Octillion and focus on streaming advertising present growth opportunities for TEGNA
Navigating regulatory challenges and market dynamics while capitalizing on strengths will be key for TEGNA's future success

TEGNA delivers strong Q1 results, eyes local market growth

TEGNA's Q1 performance was solid with positive growth in key areas. While facing challenges in sports rights negotiations and uncertain national trends, the company remains optimistic about local market opportunities. Strong focus on shareholder returns and cost-saving initiatives.

TEGNA meets Q2 guidance, anticipates ad spend uptick in Q3

TEGNA delivered solid Q2 results driven by local ad performance, with optimism for increased ad spend in Q3. The company's focus on cost reduction and growth opportunities sets a positive outlook for the future.

TEGNA reports revenue growth in Q3, eyes cost efficiency and strategic acquisitions

TEGNA's Q3 performance was driven by political advertising and marketing services, with a focus on cost efficiency and shareholder returns
Challenges include subscription revenue decline and cautious outlook post-election, balanced by growth opportunities in local sports rights and strategic acquisitions
Overall, TEGNA remains resilient in revenue streams and committed to optimizing operations for future growth

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Byron Allen, the 1980s comedian-turned-media-mogul who owns the Weather Channel, aims to acquire Tegna Inc (NYSE: TGNA) in an $8 billion deal, New York Post reports. Tegna, formerly owned by Gannett Co Inc (NYSE: GCI), is a chain of 64 TV and radio stations that span more than 50 markets across the U.S.

Byron Allen Eyes To Acquire Tegna In $8B Deal

TYSONS, Va.--(BUSINESS WIRE)-- #TEGNA--TEGNA Comments on DISH Negotiations

TEGNA Comments on DISH Negotiations

An auction of the Tegna TV-station empire has been thrown into doubt as the company has questioned whether a prospective sale to a leading bidder would face antitrust concerns from US regulators, The Post has learned.

TV-station empire Tegna raises antitrust concerns over possible buyout bid

Barrington analyst James Goss has downgraded Tegna Inc (NYSE:TGNA) to Market Perform from Outperform without a price target.  Goss said reported takeover offers of $22 and $23 per share present fair value for the company.

Barrington Downgrades Tegna To Market Perform - Read Why

The television station conglomerate has confirmed last week's rumors that would-be buyers are putting offers on the table.

Why Tegna Jumped Nearly 11% Today

Shares of Tegna Inc. TGNA, +6.45% surged 5.7% toward a five-month high in midday trading Tuesday, after the TV station operator confirmed that it has recently received buyout bids. The company didn't provide details on the bid.

Tegna stock surges after after confirming it received buyout bids

TYSONS, Va.--(BUSINESS WIRE)-- #TEGNA--TEGNA issues statement on receipt of acquisition proposals.

TEGNA Comments on Receipt of Acquisition Proposals

Apollo Global Management Inc (NYSE: APO) and Standard General collaboratively made a bid topping $8 billion for the local TV station owner Tegna Inc (NYSE: TGNA), New York Post reports. The offer price is roughly worth $22 per share, implying a 12.4% premium on Tegna's September 17 closing price of $19.58.

Why Are Tegna Shares Trading Higher Premarket Tuesday?

Apollo Global Management teamed with Standard General on Monday to make a binding bid that topped $8 billion for local TV station owner Tegna, sources close to the matter said.

Apollo, Standard General make $8B bid for Tegna TV stations: sources

A long-rumored transaction might finally get done.

Why Shares of Tegna Jumped Almost 20% This Week

TEGNA Inc. (TGNA) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term.

TEGNA Inc. (TGNA) Soars 8.5%: Is Further Upside Left in the Stock?

TYSONS, Va.--(BUSINESS WIRE)-- #TEGNA--TEGNA announced that Quest, a 24/7 adventure and exploration multicast network, has launched an ad-supported free streaming service.

TEGNA Launches Quest Streaming App Experience Bringing Viewers Hundreds of Hours of Adventure Reality Content

TYSONS, Va.--(BUSINESS WIRE)-- #TEGNA--TEGNA announced an updated timeline for the current $300 million share repurchase program.

TEGNA Announces Updated Share Repurchase Program

TEGNA Inc. (TGNA) reported earnings 30 days ago. What's next for the stock?

Why Is TEGNA Inc. (TGNA) Down 4.4% Since Last Earnings Report?

TYSONS, Va.--(BUSINESS WIRE)-- #TEGNA--TEGNA will host a conference call to discuss its third quarter 2021 earnings results on Thursday, November 4 at 9:00 a.m. (ET).

TEGNA to Webcast Third Quarter 2021 Earnings Conference Call on Thursday, November 4

TEGNA seems outdated compared to fancy streaming services. But a look at its numbers suggests there's still a lot of money to be made in TV.

TEGNA May Be Old Media, But There's Still Money to Be Made in TV

TYSONS, Va.--(BUSINESS WIRE)-- #TEGNA--TEGNA stations have won 10 National Edward R. Murrow Awards for excellence in broadcast journalism, more than any other news organization.

TEGNA Stations Win 10 National Edward R. Murrow Awards

MINNEAPOLIS, Aug. 17, 2021 (GLOBE NEWSWIRE) -- On Tuesday, August 17, KARE 11 was awarded two National Edward R. Murrow Award for excellence. One for Breaking News Coverage and one for Video Excellence. The prestigious honors, given annually by The Radio Television Digital News Association, recognize exceptional work by radio, television and online news organizations.

KARE 11 Awarded National Edward R. Murrow Award for Breaking News Coverage

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Shutterstock Among This Week's Small And Mid-Cap Securities

MINNEAPOLIS, Aug. 12, 2021 (GLOBE NEWSWIRE) -- KARE 11 has named Reggie Wilson as the new Sports Director at KARE 11, effective September 20, 2021. Wilson is an award-winning sports anchor, having reported and anchored on sports in Ohio, Missouri and Kansas. Most recently, Wilson led the legendary sports talk show in Cincinnati, Sports of All Sorts.

KARE 11 Adds Reggie Wilson to 10pm Anchor Team

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INDIANAPOLIS--(BUSINESS WIRE)--Four leading local television stations in Indianapolis, including WRTV (ABC), WTTK (CBS), WTHR (NBC), and WXIN (FOX), today bring NEXTGEN TV, a revolutionary new digital broadcast technology, to the city. Based on the same fundamental technology as the Internet and digital apps, NEXTGEN TV can support a wide range of features that are currently in development. In addition to providing a new, improved way for broadcasters to reach viewers with advanced emergency al

Major Broadcasters Launch NEXTGEN TV on Four Local Television Stations in Indianapolis, IN

TEGNA's (TGNA) CEO Dave Lougee on Q2 2021 Results - Earnings Call Transcript

Tegna Inc (NYSE: TGNA) reported second-quarter FY21 revenue growth of 27% year-on-year to $732.9 million, beating the analyst consensus of $732.4 million. Higher subscription revenue and AMS revenue growth drove the numbers.

Tegna's Subscription, Advertising and Marketing Services Drives Q2 Beat

TEGNA Inc. (TGNA) delivered earnings and revenue surprises of 2.04% and 0.33%, respectively, for the quarter ended June 2021. Do the numbers hold clues to what lies ahead for the stock?

TEGNA Inc. (TGNA) Surpasses Q2 Earnings and Revenue Estimates

TYSONS, Va.--(BUSINESS WIRE)--TEGNA Inc. Announces Record Second Quarter Results and Provides Third Quarter Guidance

News for TEGNA Stock (TGNA)