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 Q4 2023

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The case for investing in growth stocks has been muddled for quite some time. For example, 2022 was a terrible year for growth stocks across the board.

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TYSONS, Va.--(BUSINESS WIRE)--TEGNA has named Kristie Gonzales president and general manager at WXIA-TV and WATL-TV in Atlanta.

TEGNA Appoints Kristie Gonzales President and General Manager at WXIA/WATL in Atlanta

TYSONS, Va.--(BUSINESS WIRE)--TEGNA's WWL-TV received a News Emmy® for Outstanding Regional News Story: Investigative Report for “The Man Behind the Warehouse.”.

TEGNA Station WWL in New Orleans Receives News Emmy® Award

NEW YORK--(BUSINESS WIRE)--Winners of the 2023 TVB NEXT and TVB DEI Leadership Awards were announced earlier today at TVB's live Executive Summit, part of this year's hybrid Forward Conference. Every year, TVB, the not-for-profit trade association representing America's local broadcast television industry, honors individuals and organizations who are shaping the future of local media. “It is TVB's honor to recognize these forward-thinking and dedicated leaders in our industry,” said Steve Lanza.

Cox Media Group, Havas Media, Horizon Media and TEGNA Receive Awards at TVB's 2023 Live Executive Summit

TYSONS, Va.--(BUSINESS WIRE)--TEGNA will host a conference call to discuss its third quarter 2023 earnings results on Tuesday, November 7, 2023, at 10:00 a.m. (ET).

TEGNA to Host Third Quarter 2023 Earnings Conference Call on Tuesday, November 7, 2023

TYSONS, Va.--(BUSINESS WIRE)--Carrie Hofmann has been named president and general manager of WLTX-TV, TEGNA's CBS affiliate in Columbia, SC, effective October 2.

TEGNA Appoints Carrie Hofmann President and General Manager of WLTX in Columbia, South Carolina

TYSONS, Va.--(BUSINESS WIRE)--TEGNA stations receive ten 2023 National Edward R. Murrow Awards for excellence in broadcast journalism, more than any other station group.

TEGNA Stations Receive Ten National 2023 Edward R. Murrow Awards

TYSONS, Va.--(BUSINESS WIRE)--TEGNA Shareholders approved the re-election of nine Board members and an advisory resolution on the compensation of the company's executive officers.

TEGNA Shareholders Overwhelmingly Re-elect Board Members and Approve Say on Pay Proposal at Annual Meeting

TEGNA reported revenue of $731.5 million, down 6.8% compared to $784.8 million in Q2 FY22. This decrease was fueled by significant reduction in political revenues as per the election cycle. The company can maintain its quarterly dividend of $0.11375 in the last quarter as well which can make the annual dividend $0.4175, representing a dividend yield of 2.45%. After comparing the forward P/E ratio of 7.87x with the sector median of 14.56x, I think the stock is currently undervalued.

TEGNA: Despite Mixed Results, The Stock Is Undervalued

TEGNA's (TGNA) second-quarter 2023 top line hurt by the reduction of political revenues from the mid-term election cycle last year.

TEGNA (TGNA) Q2 Earnings Beat Estimates, Revenues Fall Y/Y

TEGNA Inc. (NYSE:TGNA ) Q2 2023 Earnings Conference Call August 3, 2023 10:00 AM ET Company Participants Julie Heskett - SVP of Finance and IR Dave Lougee - President and CEO Victoria Harker - CFO Conference Call Participants Dan Kurnos - The Benchmark Company Craig Huber - Huber Research James Goss - Barrington Research Steven Cahall - Wells Fargo Aaron Watts - Deutsche Bank Operator Thank you for standing by, and welcome to the Second Quarter TEGNA Earnings Conference Call. At this time, all participants are in a listen-only mode.

TEGNA Inc. (TGNA) Q2 2023 Earnings Call Transcript

TEGNA Inc. (TGNA) came out with quarterly earnings of $0.44 per share, beating the Zacks Consensus Estimate of $0.42 per share. This compares to earnings of $0.60 per share a year ago.

TEGNA Inc. (TGNA) Tops Q2 Earnings Estimates

TYSONS, Va.--(BUSINESS WIRE)-- #TEGNA--TEGNA Inc. (NYSE: TGNA) today announced financial results for the second quarter ended June 30, 2023. SECOND QUARTER FINANCIAL HIGHLIGHTS1: Total company revenue was $732 million in the second quarter, down seven percent year-over-year, primarily due to the reduction of political revenue from the mid-term election cycle last year. Total company revenue was flat compared to the second quarter of 2021 primarily due to growth in subscription revenue, offset by a decli.

TEGNA Inc. Reports Second Quarter 2023 Results and Provides Third Quarter Guidance

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Mario Gabelli Sees Significant Opportunity In Disney, Paramount And This Overlooked Media Stock: 'You're Going To Make 50%' - Tegna (NYSE:TGNA)

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MDC, PCAR and TGNA made it to the Zacks Rank #1 (Strong Buy) income stocks list on August 2, 2023.

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Barron's Mid-Year Roundtable, Published July 17, listed 40 stocks of note for 2023; 38 of those were unduplicated US publicly-listed companies, of-which YCharts reported 25 as paying dividends. Barron's interviews with their ten financial-industry Roundtable pros tapped human intelligence (HI) to make predictions. Unfortunately, the YCharts screener employed to report current data, dropped seven funds off the list. Nevertheless, the Watchlist tracked by YCharts as of 7/19/23 projected ten top analyst-estimated net gains from ICE, PARA, TXT, AZN, MLI, BIIB, SIEGY, CHNI, TGNA, & topped by SLVM, ranging from 15.53%-31.31%.

4 Ideal Barron's Mid-Year 2023 Dividend Dog Buys

TYSONS, Va.--(BUSINESS WIRE)--TEGNA names Valerie Guyton president and general manager at KWES-TV, KIDY-TV and KXVA-TV serving West Texas.

TEGNA Appoints Valerie Guyton President and General Manager at KWES, KIDY and KXVA in West Texas

TYSONS, Va.--(BUSINESS WIRE)--TEGNA will host a conference call to discuss its second quarter 2023 earnings results on Thursday, August 3, 2023, at 10:00 a.m. (ET).

TEGNA to Host Second Quarter 2023 Earnings Conference Call on Thursday, August 3, 2023

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

Why Is TEGNA Inc. (TGNA) Up 2.6% Since Last Earnings Report?

TYSONS, Va.--(BUSINESS WIRE)--TEGNA has entered into an accelerated share repurchase agreement with JPMorgan Chase Bank, National Association.

TEGNA Inc. Enters Into $300 Million Accelerated Share Repurchase Agreement

TYSONS, Va.--(BUSINESS WIRE)--TEGNA stations received 84 Regional Edward R. Murrow Awards. KARE in Minneapolis received 12 individual awards, the most in the station's history.

TEGNA Stations Honored with 84 Regional Edward R. Murrow Awards

TYSONS, Va.--(BUSINESS WIRE)--TEGNA has been named a 2023 honoree of The Civic 50 by Points of Light and the Telecommunications Sector Leader.

TEGNA Named One of the Most Community-Minded Companies in the U.S. by The Civic 50 for Fourth Consecutive Year

NEW YORK--(BUSINESS WIRE)--Teton Merger Corp. (the “Company”) announced today that it has terminated its previously announced (i) cash tender offers (collectively, the “Tender Offer”) to purchase any and all of TEGNA Inc.'s (“TEGNA”) outstanding 4.750% Senior Notes due 2026 (the “4.750% Notes”), 4.625% Senior Notes due 2028 (the “4.625% Notes”) and 5.000% Senior Notes due 2029 (the “5.000% Notes” and, together with the 4.750% Notes and the 4.625% Notes, the “Notes”) and (ii) solicitation of con.

Teton Merger Corp. Announces the Termination of Its Tender Offers and Consent Solicitations for Senior Notes of TEGNA Inc.

The deal attracted criticism from some members of Congress, including then-House Speaker Nancy Pelosi, on concerns of potentially higher TV prices for consumers and job losses.

TV station operator Tegna scraps $8.6B merger with hedge fund

Shares of Tegna Inc. TGNA, -2.78% rose after hours on Monday after the TV-station operator announced a $300 million “accelerated” stock buyback and raised its quarterly dividend by 20% following the termination of a merger deal with the hedge fund Standard General struck last year. Tegna executives also said they were “actively reviewing the return of additional excess capital that accumulated during the pending merger,” which faced a Monday financing deadline and got hung up in the regulatory review process.

News for TEGNA Stock (TGNA)