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.
Overview
Tegna Inc (TGNA) stands out as a comprehensive media company that integrates traditional broadcast television with robust digital initiatives. The company harnesses the power of a large portfolio of local TV stations and digital platforms to deliver trusted local news, sports, and information across the United States. With a deep focus on broadcast media and digital advertising solutions, Tegna’s multi-platform presence strategically connects with millions of households, enabling advertisers to engage diverse audiences.
Core Business Areas
Tegna operates a dynamic mix of broadcast and digital media assets. On the broadcast front, it owns a diverse range of television stations, including major network affiliates in top U.S. markets. This extensive network ensures that Tegna is positioned at the forefront of local news and sports broadcasting, reaching a significant segment of television households nationwide. Additionally, the company manages a suite of multicast networks such as True Crime Network, Twist, and Quest, which cater to niche audience segments while reinforcing its market presence.
Digital Integration and Strategic Partnerships
Recognizing the digital transformation in media consumption, Tegna has bolstered its footprint through well-positioned digital businesses. The company’s portfolio includes notable digital properties such as Cars.com and CareerBuilder, platforms that offer critical human capital and automotive advertising solutions. Complementing these is G/O Digital, a digital marketing services unit that provides scalable, data-driven advertising solutions designed to deliver measurable results. Tegna’s strategic investments and commercial partnerships, including those in the local sports sector, further exemplify its commitment to innovative content delivery and audience engagement.
Market Position and Industry Influence
Within the competitive landscape of media and broadcasting, Tegna distinguishes itself through its nationally recognized portfolio and a commitment to local community service. By integrating high-quality news delivery with digital innovation, the company serves as a key intermediary between local advertisers and engaged viewers. Its emphasis on reliable and compelling content, paired with a comprehensive advertising model, positions Tegna as a vital player in local media. The firm’s robust operations across the U.S. markets, digital marketing prowess, and strategic sports content partnerships add further depth to its market significance.
Operational Model and Revenue Streams
Tegna generates revenue through a diversified model, including advertising and marketing sales on both broadcast and digital platforms, subscription-based services, and specialized advertising segments such as political advertising. The company’s integrated approach ensures that its content is accessible across all devices—online, mobile, and connected television—maximizing reach and engagement. This multi-faceted revenue model not only facilitates sustained operational stability but also underscores the firm's agility in responding to shifting media consumption trends.
Commitment to Local Communities
At its core, Tegna is deeply committed to serving local communities by providing reliable and locally relevant news and information. The firm’s portfolio of broadcast stations and digital platforms are tailored to address the specific needs of local markets, fostering community engagement and trust. This localized approach is further reinforced by strategic sports and community-centric partnerships, which bring people together through comprehensive media coverage of local events and stories.
Expertise in Digital Transformation
Embracing the digital age, Tegna has continually evolved its business strategy to integrate traditional media with cutting-edge digital solutions. The company’s creation of specialized digital marketing services and targeted content delivery mechanisms demonstrates a forward-thinking approach that is essential for sustained relevance in today’s media landscape. This balanced strategy ensures that Tegna not only preserves the integrity of local broadcast news but also capitalizes on the expansive opportunities offered by digital innovation.
Conclusion
Tegna Inc’s robust blend of broadcast television and diversified digital platforms positions it as a critical conduit for local news, sports, and advertising. By maintaining a strong connection with local communities while leveraging digital transformation, Tegna provides an informative, engaging, and reliable media experience. The company’s commitment to quality journalism, innovative digital marketing, and strategic partnerships continues to solidify its role as an indispensable resource in the evolving media environment.
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.
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.
FAQ
What is the current stock price of Tegna (TGNA)?
What is the market cap of Tegna (TGNA)?
What is Tegna Inc?
How does Tegna generate its revenue?
What makes Tegna's media portfolio unique?
How does Tegna serve local communities?
What digital assets are managed by Tegna?
How does Tegna integrate traditional and digital media?
What are Tegna's multicast networks?
