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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 Inc. (NYSE: TGNA) criticized DISH Network's complaint as baseless and is urging the FCC to evaluate DISH's negotiation tactics. TEGNA claims DISH has dropped over 230 channels in the past year and is depriving customers of popular programming by not reaching agreements. TEGNA asserts it has made multiple proposals, including reduced rates, but DISH has not responded. TEGNA emphasizes the need for DISH to negotiate fairly to avoid further disruptions to its subscribers' access to local news and major sports events.
The launch of NEXTGEN TV in Hartford marks a significant upgrade in broadcast technology for local viewers. This new digital broadcast technology enhances the viewing experience with features like 4K resolution, HDR video, and improved audio quality. Four local channels, including TEGNA's WCCT and WTIC, and others from Meredith and Nexstar Media Group, are now available over-the-air free of charge. With compatibility across select devices from manufacturers such as LG and Samsung, NEXTGEN TV is designed to evolve with future updates, promising a more interactive and engaging viewing experience.
TEGNA Inc. (NYSE: TGNA) has confirmed receipt of acquisition proposals, and its Board will review these proposals in alignment with its fiduciary duties to shareholders. The company operates 64 television stations across 51 markets, reaching about 39% of U.S. television households. TEGNA is known for its impactful storytelling, innovative marketing solutions, and owns multicast networks like True Crime Network and Quest. Risks associated with these potential acquisitions include market volatility and uncertainties in execution.
TEGNA Inc. (NYSE: TGNA) has launched the Quest streaming app, a free, ad-supported service providing on-demand adventure and exploration programming. The app features a diverse catalog including factual entertainment and reality series, accessible on various platforms like Roku and Fire TV. Highlighted programs include The Aviators and Aussie Gold Hunters, with more content expected. This release follows the previous launch of the True Crime Network streaming app, reflecting TEGNA's commitment to innovative entertainment offerings.
TEGNA Inc. (NYSE: TGNA) announced the acceleration of its
TEGNA Inc. (NYSE: TGNA) is set to host a conference call on November 4 at 9:00 a.m. (ET) to discuss its Q3 2021 earnings. The earnings announcement will be available before market opens on the same day. Investors can join the call by dialing 888-204-4368 or listen to a live webcast on TEGNA's website. A replay will be accessible from 1:00 p.m. on November 4 until 1:00 p.m. on November 18. TEGNA operates 64 television stations across 51 markets, reaching approximately 39% of U.S. households.
NEXTGEN TV has launched in Atlanta, uniting five local TV stations to enhance viewing experiences with superior audio and video.
This service, designed to upgrade broadcast television, features stunning 4K video and Dolby audio. Available via major retailers, NEXTGEN TV promises added voice clarity and seamless integration with internet content.
Viewers can access channels including WPCH, WGCL, WSB, WAGA, and WXIA, benefiting from improved experiences without competing for bandwidth with other services.
KARE 11, a prominent television station in Minneapolis, received two National Edward R. Murrow Awards on August 17, 2021. The awards were for Breaking News Coverage and Video Excellence. The Breaking News award recognized KARE 11's impactful coverage of the Minneapolis unrest following George Floyd’s murder, featuring extensive on-air reporting by anchors Julie Nelson and Randy Shaver. The Video Excellence award highlighted a feature story about a unique friendship between a Minnesota woman and a sunfish, showcasing the work of reporter Boyd Huppert and photojournalist Chad Nelson.
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