Welcome to our dedicated page for TEGNA news (Ticker: TGNA), a resource for investors and traders seeking the latest updates and insights on TEGNA stock.
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.
KARE 11 has appointed Reggie Wilson as the new Sports Director, effective September 20, 2021. Wilson, an award-winning sports anchor, has previously worked in Ohio, Missouri, and Kansas, leading the Cincinnati sports talk show Sports of All Sorts. He will join KARE 11's team to anchor weekday broadcasts at 6 PM and 10 PM and report from the field. KARE 11 President Bill Dallman expressed confidence in Wilson's capabilities, highlighting his journalistic skills in covering teams in the Twin Cities and Western Wisconsin. Wilson is eager to engage with the local community.
TEGNA reported second quarter 2021 results with total revenue reaching $733 million, a 27% increase year-over-year, driven by record subscription and advertising revenue. Subscription revenue was $375 million, up 16%, while AMS revenue soared 49% to $341 million. The company achieved net income of $107 million and record Adjusted EBITDA of $228 million. TEGNA raised its two-year free cash flow guidance and expects strong performance in upcoming quarters, despite challenges in the auto advertising sector due to supply chain issues.
TEGNA Inc. (NYSE: TGNA) has appointed Lisa Columbia as the new president and general manager of WHAS11, effective immediately. Columbia has a long history with WHAS11, having joined the station in 2012 as local sales manager and later promoted to director of sales in 2017. She is recognized for her strong leadership in sales, aimed at boosting revenue and market share. Columbia is a Kentucky native and a graduate of the University of Kentucky. The announcement highlights Columbia's achievements and community involvement, projecting a positive outlook for WHAS11 under her leadership.
TEGNA Inc. (NYSE: TGNA) has expanded its Locked On sports podcast network, now featuring 20 shows available on YouTube and TEGNA's OTT apps in select markets. Since its YouTube debut in May 2021, Locked On has amassed over 160,000 hours of watch time and 1 million views. Key upcoming initiatives include a Locked On NBA Draft special on July 29, co-produced with WFAA, and the launch of Locked On HBCU, a podcast focused on HBCU sports debuting August 2. The network aims to elevate diverse voices in coverage and capitalize on its growing audience.
TEGNA Inc. (NYSE: TGNA) has declared a dividend of 9.5 cents per share, set for payment on October 1, 2021, to shareholders recorded by September 3, 2021. This marks a 36% increase from its previous dividend, reflecting the company's strong financial performance and growth outlook as highlighted by CEO Dave Lougee. TEGNA operates 64 television stations and reaches approximately 39% of U.S. television households, focusing on delivering innovative media solutions and community-centered storytelling.
On July 8, 2021, six Sacramento television stations launched NEXTGEN TV, enhancing the viewing experience with advanced audio and video technology. The service offers stunning 4K HDR video, Dolby's Voice + for superior sound clarity, and interactive features that improve content personalization. Sacramento is the first city in Northern California to offer this service, joining nearly 40 other U.S. cities. Viewers can access the service via select LG, Samsung, and Sony TV models, with no impact on household internet bandwidth. Current programming remains available for all viewers.
TEGNA Inc. (NYSE: TGNA) will host a conference call to discuss its Q2 2021 earnings results on August 9, 2021, at 9:00 a.m. (ET). The earnings announcement will be released before the market opens on the same day. Investors and the public can participate via toll-free call or live webcast through the Investor Relations section on TEGNA’s website. A replay will be available post-call until August 23, 2021. TEGNA operates 64 television stations, reaching about 39% of U.S. TV households, and offers marketing solutions across various platforms.
On July 7, 2021, five Charlotte, NC television stations launched NEXTGEN TV, a new broadcasting technology designed to enhance viewing experiences with 4K video, Dolby audio, and personalized content. The participating stations include WAXN-TV, WSOC-TV, WJZY-TV, WBTV-TV, and WCNC-TV. NEXTGEN TV aims to revolutionize how viewers interact with content by combining traditional over-the-air broadcasts with internet capabilities, making live sports and news more accessible. Viewers can rescan their TVs to access the service, which is available in nearly 40 cities nationwide.
TEGNA Inc. (NYSE: TGNA) announced the appointment of Christy Moreno as president and general manager of KING 5, the NBC affiliate in Seattle, effective August 2, 2021. Moreno previously held the same positions at WHAS11 in Louisville, where she launched successful initiatives and raised over $5 million for children's charities. Her track record includes leading award-winning newsrooms and promoting innovation. TEGNA operates 64 television stations, reaching 39% of U.S. TV households and offering innovative marketing solutions.
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