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

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

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

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

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 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

Disney

Paramount Global

GAMCO Investors Chairman and CEO Mario Gabelli sees significant upside in several media stocks over the next couple of years.

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

Ameren

AstraZeneca

Biogen

CME Group

CNH Industrial NV

Genuine Parts

Intercontinental Exchange

iShares Trust iShares 1-5 Year Investment Grade Corporate Bond ETF

Itau Unibanco Holding S.A.

Cie Generale des Etablissements Michelin SCA

Mueller Industries

Siemens AG

Sylvamo Corp

Target

Textron

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.

Tegna announces $300 million buyback, dividend hike after scrapped merger deal with Standard General

TYSONS, Va.--(BUSINESS WIRE)--TEGNA announced a $300 million accelerated share repurchase program following termination of merger agreement with Standard General.

TEGNA Inc. Announces $300 Million Accelerated Share Repurchase Agreement and Increases Regular Quarterly Dividend by 20% Following Termination of Merger Agreement with Standard General

The Standard General M&A deal appears dead. We believe that management should use any break-up fees received, regardless of the amount, and repurchase shares.

TEGNA: Looking To The Future

NEW YORK--(BUSINESS WIRE)--Teton Merger Corp. (the “Company”) announced today that it is extending the Early Tender Date, the Withdrawal Deadline and the Expiration Date (each as discussed in further detail below) of 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 (th.

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

WASHINGTON--(BUSINESS WIRE)--Yesterday, Standard General L.P. filed its Meeting Summary for meetings held on May 10 with Federal Communications Commission (FCC) officials and staff, as well as representatives of The NewsGuild/NABET-CWA and the United Church of Christ Office Communication, Inc., regarding the company's proposed acquisition of TEGNA. All four FCC Commissioners were invited to meet with the applicants and deal opponents to ask questions of both Standard General and TEGNA in order.

NEW: Standard General Files FCC Meeting Summary Following May 10 Meetings Regarding TEGNA Deal

TYSONS, Va.--(BUSINESS WIRE)-- #TEGNA--TEGNA Inc. (NYSE: TGNA) today announced financial results for the first quarter ended March 31, 2023. FIRST QUARTER FINANCIAL HIGHLIGHTS: Total company revenue was $740 million in the first quarter, down four percent year-over-year, due to cyclical even-year events, primarily driven by the absence of political revenue and Winter Olympics on NBC, our largest big four affiliate portfolio, as well as the Super Bowl airing on NBC last year compared to Fox stations this.

TEGNA Inc. Reports First Quarter 2023 Results

TYSONS, Va.--(BUSINESS WIRE)--TEGNA's KARE-TV received a Peabody Award in the News category for KARE 11 Investigates – The Gap: Failure to Treat, Failure to Protect.

TEGNA Station KARE Honored with Peabody Award

WASHINGTON--(BUSINESS WIRE)--In case you missed it, last night CNBC reported on the Federal Communications Commission's (FCC) refusal to hold a vote on the pending deal between Standard General and TEGNA, which will die on May 22nd without a vote from the FCC. On CNBC's primetime show Last Call, correspondent Contessa Brewer highlighted the FCC's efforts to avoid holding a vote on the pending acquisition, political maneuvering from well-connected opposition parties, and the mounting support fro.

ICYMI: CNBC and Washington Post Cover FCC's Refusal to Vote on the Standard General-TEGNA Deal

WASHINGTON--(BUSINESS WIRE)--Today, Standard General L.P. announced new momentum for its deal to acquire TEGNA which would create the largest minority-owned TV broadcasting company in U.S. history. First, Standard General and a coalition of leading civil rights organizations announced the signing of a new memorandum of understanding (MOU) to further strengthen Standard General's commitments to diversity and inclusion for its pending acquisition of TEGNA. This joint agreement comes on the heels.

Standard General Announces New Momentum for FCC Vote on Its TEGNA Deal as Leading Civil Rights Groups Sign Agreement Formalizing Shared Diversity Goals

News for TEGNA Stock (TGNA)