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.

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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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New Jersey Sen. Bob Menendez railed on the Senate floor about the FCC jeopardizing the offer by Soo Kim's Standard General to buy Tegna, the owner of 64 television stations, “through, in essence, inaction.

Democrat Sen. Bob Menendez rips FCC ‘inaction' on Tegna deal, vows to derail key confirmation: sources

NEW YORK--(BUSINESS WIRE)--Standard General L.P. (“Standard General”) today notes the following statement from Asian Americans Advancing Justice - AAJC, National Action Network, National Urban League, and UnidosUS, highlighting the unfair treatment from the FCC of Standard General's pending acquisition of TEGNA. The statement from the organizations reads as follows: Asian Americans Advancing Justice-AAJC, National Action Network, National Urban League, and UnidosUS Call on FCC to Vote on Standa.

Leading Civil Rights Organizations Call on FCC to Vote on Standard General's Pending Acquisition of TEGNA

TYSONS, Va.--(BUSINESS WIRE)--TEGNA's KING-TV and journalist Chris Ingalls received The Brooks Jackson Prize for Fact-Checking for the investigative series The Fraud Crusade.

TEGNA Station KING Wins Brooks Jackson Prize for Fact-Checking

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Are Investors Undervaluing TEGNA (TGNA) Right Now?

TYSONS, Va.--(BUSINESS WIRE)--TEGNA stations KARE-TV in Minneapolis and KXTV-TV in Sacramento have been nominated for Peabody Awards.

TEGNA Stations KARE and KXTV Nominated for Peabody Awards

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WASHINGTON--(BUSINESS WIRE)--Today, Standard General filed suit against the Federal Communications Commission in the U.S. Court of Appeals for the District of Columbia Circuit, asking the court to order the FCC to stop its unprecedented treatment of Standard General's acquisition of broadcast company TEGNA, a deal which would create the largest minority-owned and female-led broadcasting company in U.S. history.

Standard General Seeks Judicial Review of FCC Media Bureau's Pocket Veto of TEGNA Deal

TYSONS, Va.--(BUSINESS WIRE)--TEGNA names Tim Thomas president and general manager at WTLV and WJXX, the NBC and ABC affiliates in Jacksonville.

TEGNA Appoints Tim Thomas President and General Manager at WTLV and WJXX in Jacksonville

Investors weren't impressed by the company's fourth-quarter and full-year 2022 performance.

Why Tegna Stock Tanked This Week

TYSONS, Va.--(BUSINESS WIRE)--TEGNA Inc. names Robert Dwyer president and general manager at KCEN KAGS in Central Texas, effective March 20.

TEGNA Names Robert Dwyer President and General Manager of KCEN KAGS

TEGNA's (TGNA) fourth-quarter 2022 results reflect growth in political revenues, despite a decline in advertising and marketing services revenues.

TEGNA (TGNA) Q4 Earnings Beat Estimates, Revenues Rise Y/Y

Tegna (TGNA) buyout deal of $5.4 million gets shelved by the Federal Communications Commission.

Tegna (TGNA) Buyout Delayed by Federal Communications Commission

Hedge fund Standard General sharply criticized the U.S. Federal Communications Commission's (FCC) decision to hold hearings on its $5.4 billion plan to buy television station operator Tegna , saying on Monday it was "tantamount to denying" the deal.

Standard General to press on with Tegna purchase despite FCC action

NEW YORK--(BUSINESS WIRE)--Standard General L.P. is vowing to continue its efforts to complete its proposed transaction with TEGNA (NYSE: TGNA), despite the unprecedented actions of the FCC's Media Bureau, which belatedly designated two questions related to the deal to an Administrative Law Judge.

Standard General to Challenge Media Bureau's Unprecedented Attempt to Scuttle the Proposed Transaction with TEGNA; Calls on FCC to Bring the Transaction to a Vote by the Full Commission

Tegna (NYSE: TGNA ) stock is falling on Monday following news that a buyout deal for the company is being put on hold. The merger agreement between Tenga and Standard General L.P.

Why Is Tegna (TGNA) Stock Down 23% Today?

TYSONS, Va.--(BUSINESS WIRE)-- #TEGNA--TEGNA Inc. (NYSE: TGNA) today announced financial results for the fourth quarter and full-year ended December 31, 2022. FOURTH QUARTER FINANCIAL HIGHLIGHTS: Total company revenue was $917 million in the fourth quarter, up 18 percent year-over-year, driven by strong growth in political revenue despite advertising and marketing services (“AMS”) revenue declines resulting from political displacement and macroeconomic headwinds.

TEGNA Inc. Reports Fourth Quarter and Full-Year 2022 Results

FCC issued a Hearing Designation Order which in the most likely scenario is going to kill the Standard General/Tegna deal. The stock crashed >25% after market close trading around $16.30.

TEGNA: An Arbitrager's Nightmare Is A Fundamental Investor's Opportunity

The Federal Communications Commission, which regulates the U.S. telecoms industry, on Friday said it would hold a hearing on hedge fund Standard General's bid for TV station operator Tegna Inc , a step that has historically led deals to collapse.

U.S. orders hearing for Standard General bid for Tegna

Standard General's proposed acquisition of Tegna faces new doubts as the FCC sent the merger to an administrative law judge, as the agency took issue with the transaction's potential to raise consumer prices and result in job losses.

FCC Puts New Hurdle On Standard General-Tegna Merger, Sends Proposed Transaction To Administrative Hearing

Two buy scenarios for short-term and/or long-term gains. Overall win for adaptable investors. Positive trends in the ratio analysis of TEGNA's financial statements shows a good value if the trajectory continues.

TEGNA: Positive Trends, 2 Buy Scenarios For Adaptable Investors

NEW YORK--(BUSINESS WIRE)--Teton Merger Corp. (the “Company”) announced today that it has commenced 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”).

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

TYSONS, Va.--(BUSINESS WIRE)--TEGNA Inc. (NYSE: TGNA) today announced that KARE (Minneapolis, Minn.) and WXIA (Atlanta, Ga.) received 2023 Alfred I. duPont-Columbia University Awards which honor excellence in broadcast, online and documentary journalism. KARE won for “KARE 11 Investigates – The Gap: Failure to Treat, Failure to Protect,” which exposed systemic and often fatal failures to treat people with mental illness and protect the public. WXIA was honored for “The Reveal: #Keeping,” an investigative series on the disturbing flaw in Georgia's social safety net.

TEGNA Stations KARE and WXIA Win Prestigious 2023 Alfred I. duPont-Columbia University Awards

TYSONS, Va. & MINNEAPOLIS--( BUSINESS WIRE )--TEGNA Inc. (NYSE: TGNA) and KARE 11 today congratulate Boyd Huppert on his Lifetime Achievement Award from the Radio Television Digital News Foundation (RTDNF) as part of their 2023 First Amendment Awards. These annual awards recognize select journalists “who stood for the values of the First Amendment.”

TEGNA and KARE Congratulate Boyd Huppert on Receiving a Lifetime Achievement Award from the Radio Television Digital News Foundation

NEW YORK--( BUSINESS WIRE )--Standard General L.P. (“Standard General”) today highlighted the significant support it has received from numerous civil rights organizations, legislators and labor and minority media groups for its acquisition of TEGNA Inc. (“TEGNA”) (NYSE: TGNA). Standard General reiterated that the proposed acquisition of TEGNA will yield significant public interest benefits by strengthening local broadcasting in communities across America and creating the largest minority-owned and female-led broadcast station group in U.S. history, dramatically increasing minority broadcast ownership and diversity of viewpoints. Standard General also today announced the launch of www.SGandTEGNA.com, an informational website to provide the public with important facts about the transaction, share its vision for the future of TEGNA, and highlight the broad support for the transaction.

Standard General Highlights Broad and Strong Support for Pending Acquisition of TEGNA

Tegna (TGNA) is set to be acquired by Standard General In February 2023 as it receives approval from Team Telecom and has addressed the concerns of the Federal Communication Commission.

News for TEGNA Stock (TGNA)