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 (TGNA) is a leading media company operating 64 broadcast television stations and digital platforms reaching 39% of U.S. households. This page serves as the definitive source for corporate announcements, financial updates, and operational developments impacting this broadcast/digital hybrid enterprise.
Investors and stakeholders will find curated press releases covering earnings reports, strategic partnerships, and technological innovations across TGNA's portfolio. Key updates include broadcast network expansions, digital platform enhancements (Cars.com, CareerBuilder), and multicast channel developments (True Crime Network, Quest).
All content is organized chronologically track market-moving events while maintaining compliance with SEC disclosure standards. Regular updates ensure timely access to material information about advertising revenue trends, political ad cycles, and local sports broadcasting agreements.
Bookmark this page for real-time updates on TGNA's media operations, including digital marketing service expansions through G/O Digital and strategic content distribution partnerships. Verify time-sensitive data directly with official SEC filings when making investment decisions.
TEGNA Inc. (NYSE: TGNA) reported strong financial results for Q1 2021, with total revenue of $727 million, a 6% year-over-year increase. Subscription revenue reached a record $387 million, up 16%, while advertising and marketing services (AMS) revenues hit $323 million, a 9.4% rise. Net income rose 30% to $113 million, and Adjusted EBITDA was $231 million, a 9% increase. Free cash flow reached a record $159 million, representing 22% of revenue. Total debt stood at $3.5 billion, with a net leverage of 3.82x. TEGNA expects continued growth, including a projected increase in AMS revenues and subscription profits.
TEGNA (NYSE: TGNA) announced the re-election of all 12 director nominees at the 2021 Annual Meeting, reflecting strong shareholder support. Chairman Howard Elias expressed gratitude for the vote of confidence, indicating enhanced backing compared to the previous year. CEO Dave Lougee highlighted the successful execution of TEGNA's value-creation strategy, yielding record results. Additionally, shareholders approved PricewaterhouseCoopers as the independent auditor, endorsed executive compensation proposals, and removed supermajority voting provisions. The vote count is pending certification by the Independent Inspector of Elections.
TEGNA Inc. (NYSE: TGNA) has appointed Elliott Longoria Moore as president and general manager of KYTX, its CBS affiliate in Tyler, Texas, effective June 7. Moore, who joined TEGNA in 2018, previously increased sponsorship revenue at WFAA by over 30%. He has experience in digital sales and has served as local sales manager at KSDK, TEGNA's NBC affiliate in St. Louis. Lynn Beall, TEGNA's EVP, praised Moore's leadership style, indicating it will benefit CBS 19 and the East Texas community.
TEGNA Inc. (NYSE: TGNA) announced that three of its local television stations have been nominated for 2020 Peabody Awards, out of four nominations in total. ABC10 in Sacramento received a nomination for its investigative report on PG&E's role in California wildfires. KARE 11 in Minneapolis was recognized for its investigation into preventable deaths in jails, while KING 5 in Seattle was nominated for a series on racial injustice following George Floyd's murder. The Peabody Awards celebrate excellence in broadcasting and storytelling.
KARE 11's investigative report titled 'Cruel and Unusual' has been nominated for the prestigious Peabody Award, selected from nearly 1,300 entries across the nation. The series highlighted troubling patterns of inmate deaths in Minnesota jails, bringing attention to issues like preventable deaths and investigation failures. This nomination marks the sixth consecutive year of national recognition for KARE 11's Investigative unit, known for driving social justice reforms. Winners will be announced in June.
TEGNA Inc. (NYSE: TGNA) has announced new initiatives at the IAB NewFronts, showcasing its multiplatform advertising solutions. The company operates 64 local media properties, delivering over 700,000 digital content pieces and 24 billion impressions in 2020. TEGNA Attribution is expanding to provide performance data for automotive and tourism industries while partnering with IHS Markit and Arrivalist for advanced measurement solutions. Additionally, TEGNA debuted its national VERIFY brand, with traffic increasing over 400% in 2020. Locked On sports podcasts are also expanding to streaming platforms.
Standard General L.P., TEGNA's largest equity holder, released an independent report by Quest Research & Investigations detailing allegations of discrimination within TEGNA. Following reports of racial insensitivity involving TEGNA's CEO, Standard General urged the Board to conduct an independent investigation, which was not performed. The report highlights systemic discriminatory practices at various levels within the company, contradicting TEGNA's claims of effective DE&I initiatives. Standard General hopes this report aids shareholders in making informed decisions regarding TEGNA's future leadership.
TEGNA Inc. (NYSE: TGNA) addressed Standard General's recent criticism, asserting that the company is delivering record performance and achieving all-time high share prices. The statement highlights commendations from analysts, noting TEGNA as a well-run company with a recovering ad market and strong retransmission growth. The company encourages shareholders to vote for their highly qualified board using the GOLD proxy card during the upcoming Annual Meeting on May 7, 2021. Shareholders are advised to disregard any white proxy cards from Standard General.
On April 21, 2021, Standard General L.P., the largest shareholder of TEGNA Inc. (TGNA), released an open letter criticizing TEGNA's recent rebuttal to its claims of governance failures. Standard General argues that TEGNA uses inappropriate peer comparisons, highlighting its operational underperformance and declining margins. They assert that TEGNA's Board lacks relevant experience in local television broadcasting and has engaged in poor governance, as evidenced by CEO compensation increases amid a share price decline. Standard General calls for the removal of long-serving directors, urging shareholders to vote for their nominees.
TEGNA Inc. (NYSE: TGNA) reported strong preliminary financial results for Q1 2021, with expected revenues of $727 million, a 6% increase year-over-year. GAAP net income is projected at $113 million, and Non-GAAP net income at $115 million, reflecting a 23% rise. Adjusted EBITDA is anticipated to reach $231 million, marking a 9% YoY increase. The company also expects free cash flow of $159 million, a 12% rise, and announced a 36% increase in its dividend to 9.5 cents per share. TEGNA's CEO highlighted the growth in subscription revenues and effective cost management as key drivers of their performance.
