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TEGNA Inc. (NYSE: TGNA) is a prominent media company known for its extensive portfolio of broadcast stations and digital businesses across the United States. TEGNA Media includes 46 television stations, making it the largest independent station group of major network affiliates in the top 25 markets. This impressive reach spans approximately one-third of all U.S. television households, featuring leading affiliations such as #1 NBC affiliate group, #1 CBS affiliate group, and #4 ABC affiliate group.
Core Business: TEGNA's core operations revolve around broadcasting and digital media. The company owns and operates multicast networks like True Crime Network, Twist, and Quest. These networks, along with TEGNA's robust digital presence across online, mobile, connected TV, and social platforms, ensure comprehensive coverage and accessibility for consumers on all devices.
Revenue Streams: The company's revenue is generated through various channels, including advertising and marketing services, subscriptions, political advertising, and other related services. Notably, TEGNA combines key digital assets like Cars.com and CareerBuilder, offering unique advertising opportunities in automotive and human capital solutions.
Recent Achievements: Recently, TEGNA formed multi-year agreements with the Seattle Kraken and Prime Video to broadcast and stream NHL games, significantly enhancing its sports broadcasting portfolio. This collaboration is set to bring more than 70 Kraken games to fans across the Pacific Northwest, marking a significant expansion in TEGNA's sports coverage.
Financial Condition: TEGNA has demonstrated strong financial health, supported by its diversified revenue streams and strategic partnerships. The company's innovative advertising solutions, including Premion for OTT platforms, further bolster its market position.
With a commitment to delivering empowering stories, impactful investigations, and innovative marketing solutions, TEGNA continues to play a crucial role in the media landscape, reaching over 90 million Americans and empowering them with the information they need to navigate their world successfully.
TEGNA (NYSE: TGNA) has appointed news veteran Adrienne Roark as chief content officer, effective March 31, reporting to CEO Mike Steib. Roark brings over three decades of experience in news leadership and local TV station management. She joins from CBS News and Stations, where she managed CBS-owned stations in New York and Boston, launched weather network coverage, and led the data journalism team.
Prior to CBS, Roark held various leadership positions including general manager roles at Portland stations and vice president positions in Dallas-Fort Worth. She also served in news leadership roles across multiple markets including Miami, Orlando, New Orleans, and at TEGNA stations in Cleveland and Columbus.
TEGNA (NYSE: TGNA) has expanded Tom Cox's role as Chief Growth Officer to include oversight of the company's distribution efforts. Cox will now manage TEGNA's station affiliation partnerships with major networks (NBC, CBS, ABC, and Fox) and multichannel distribution of local news, network content, and live sports.
Cox, who joined TEGNA in 2011, will maintain his existing responsibilities directing M&A, business development, and overseeing Premion's connected TV advertising business. During his tenure, he has completed over fifty transactions totaling nearly $10 billion, significantly expanding TEGNA's portfolio of local stations.
CEO Mike Steib praised Cox's 20 years of cross-functional media experience as important for strengthening the media ecosystem and supporting local news communities. Cox expressed commitment to serving TEGNA's 100 million monthly users through enhanced distribution partnerships.
TEGNA's KFAA and the Dallas Wings have announced an exclusive local broadcast rights agreement. Starting in 2025, all Wings games not designated for national television will be available for free over-the-air in the Dallas-Fort Worth area on KFAA (Ch. 29), with select games potentially airing on WFAA (Ch. 8). KFAA and TEGNA will manage local and regional advertising and sponsorship sales for all local games.
This partnership follows several significant developments for the Dallas Wings, including plans to relocate to downtown Dallas, play in a renovated Dallas Memorial Auditorium, and build a new practice facility. The team has also restructured its Front Office and secured the No. 1 pick in the 2025 WNBA Draft. KFAA (Ch. 29) games will be accessible through various providers including cable, satellite, streaming services, or HD antenna.
TEGNA (NYSE: TGNA) has announced that its Board of Directors has declared a regular quarterly dividend of $0.125 per share. The dividend will be paid on April 1, 2025, to stockholders who are recorded as owners at the close of business on March 7, 2025.
TEGNA Inc. (NYSE: TGNA) has announced it will host its fourth quarter and full-year 2024 earnings conference call on Thursday, February 27, 2025, at 9 a.m. ET. The conference call will be accessible via webcast through the company's website and is open to investors, financial community, media, and the public.
Participants joining by phone must register through investors.TEGNA.com at least 10 minutes before the scheduled start time to receive dial-in numbers and a unique PIN. The earnings announcement will be released before market opens on February 27, with related materials available through the Investor Relations section of TEGNA's website. The webcast will be archived for future access.
TEGNA Inc. (NYSE: TGNA) has appointed Scott Dempsey as president and general manager of WLTX, its CBS affiliate in Columbia, South Carolina. Dempsey brings significant experience from his 2015-2022 role as vice president and general manager at WBTV in Charlotte, where he led the station to achieve top market position for the first time in 35 years.
During his career, Dempsey served as a regional vice president for Raycom Media, overseeing multiple stations across the Southeast. His background includes sales positions at ABC National Sales, WABC-TV, and WFTS-TV, as well as entrepreneurial experience as CEO of a Florida-based home building business.
In his new role at WLTX, Dempsey will be responsible for managing station operations across all platforms and driving advertiser results. The appointment is effective immediately.
TEGNA (NYSE: TGNA) has announced its Board of Directors' declaration of a regular quarterly dividend of 12.5 cents per share. The dividend will be paid on January 2, 2025, to stockholders who are recorded as of the close of business on December 6, 2024.
TEGNA (NYSE: TGNA) has appointed Dhanusha Sivajee as senior vice president and chief experience officer, effective immediately. Reporting to CEO Mike Steib, Sivajee will oversee the end-to-end journey of local community members across TEGNA's portfolio, reaching approximately 100 million people monthly. She will manage research, communications, brand, performance and lifecycle marketing, and consumer digital product development. Sivajee joins from Angi, Inc., where she served as CMO, and brings extensive experience from previous roles at The Knot Worldwide, AOL Brand Group, Bloomberg Media, and HBO.
TEGNA (TGNA) reported strong Q3 2024 results with total revenue increasing 13% to $807 million, driven by record political advertising of $126 million and positive growth in advertising and marketing services. Subscription revenue decreased 6% to $356 million due to subscriber declines. The company achieved $270 million in Adjusted EBITDA, up 62%. GAAP earnings per share reached $0.89, while non-GAAP EPS was $0.94. TEGNA returned over $90 million to shareholders through share repurchases and dividends, maintaining its commitment to return approximately $350 million in 2024.
TEGNA has announced a new multi-year agreement with FuboTV, the sports-first live TV streaming platform. The deal enables Fubo subscribers to access live telecasts from KFAA in Dallas, with KONG in Seattle and KTVD in Denver launching soon. KFAA will broadcast 70+ Dallas Mavericks games, KONG will air 70+ Seattle Kraken games, and KTVD will broadcast 20 Denver Nuggets games and 20 Colorado Avalanche games.
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