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) will hold its first quarter 2021 earnings conference call on May 10, 2021, at 9:00 a.m. ET. The earnings announcement will be released before market opening on the same day. The public can join the call by dialing 888-254-3590 or accessing the live webcast via investors.TEGNA.com. Following the call, a replay will be available until May 24, 2021. TEGNA operates 64 television stations across 51 U.S. markets, reaching 39% of television households, and offers innovative marketing solutions through TEGNA Marketing Solutions.
TEGNA Inc. (NYSE: TGNA) has launched Twist, a women-oriented multicast channel dedicated to lifestyle and reality programming. Available in 43 of the top 50 Nielsen DMAs and across 41 TEGNA markets, the channel also reaches Univision local television markets and HC2 Broadcasting markets. Twist offers a variety of shows, including popular titles such as Dance Moms and Top Chef: Masters, aiming to fill a gap in the multicast space for lifestyle content. An extensive promotional campaign is underway to inform viewers of the new offerings.
Standard General L.P., TEGNA's largest active shareholder, has issued a letter advocating for changes within the company. Since their involvement in 2019, TEGNA's share price increased by 51%, yet underperformed against local peers. They criticize TEGNA's management for excessive CEO compensation, declining EBITDA margins, and a lack of diversity efforts on the board. Standard General has nominated three new independent candidates to enhance governance. They urge fellow shareholders to vote on the WHITE proxy card to support these changes, emphasizing the need for better capital allocation and accountability.
TEGNA Inc. (NYSE: TGNA) announced a dividend increase of 10 cents per share, raising the annual dividend by approximately 36%. The first increased quarterly dividend of 9.5 cents will be payable on July 1, 2021, to stockholders of record as of June 4, 2021. The Board's decision reflects continued confidence in the company's performance and a robust cash flow, driven by strong revenues in subscription and political segments. TEGNA expects first quarter revenue to be at the high end of guidance, with advertising growth projected in the high-single digits.
TEGNA Inc. (NYSE: TGNA) has promoted Kristie Gonzales to vice president of media operations, expanding her current role as president and general manager of KVUE in Austin to include oversight of KYTX in Tyler, Texas. Gonzales, who joined KVUE in 2016, is credited with launching the innovative series 'Boomtown' and leading award-winning investigations. Under her management, KVUE has increased its monthly active digital users by 24%, averaging over 4 million visitors. In her new role, she will focus on enhancing TEGNA’s content and marketing strategies across Texas.
On March 18, 2021, Standard General, TEGNA Inc.'s largest shareholder, called for a full investigation into a racially insensitive incident involving TEGNA CEO Dave Lougee and Adonis Hoffman. Standard General criticized TEGNA's Board for a brief review that lacked thoroughness, asserting it failed to interview Hoffman or address his serious allegations. They expressed concerns over potential racial bias in TEGNA's management and demanded transparency, urging the Board to stop spreading false narratives regarding Standard General's involvement in the situation.
TEGNA reported strong financial results for Q4 and full-year 2020, with total revenue of $938 million for Q4, a 35% increase year-over-year. Political advertising hit a record $264 million, driving a 89% increase from Q4 2018. Subscription revenue reached $314 million, up 9%, while AMS revenues declined 6%. Net income surged to $244 million, almost tripling from Q4 2019. Notably, full-year revenue was $2.9 billion, a 28% yearly growth, propelled by political ads and subscriptions. TEGNA renewed its $300 million share repurchase program, reflecting financial confidence.
TEGNA Inc. (NYSE: TGNA) is set to launch a new multicast network, Twist, this spring, focusing on lifestyle and reality programming for women. The network aims to provide hundreds of hours of content, including popular shows like Clean House and Queer Eye for the Straight Guy. Twist will be available in 41 TEGNA markets and reach 70% of U.S. households, including major cities like New York and Los Angeles. This initiative follows the successful launches of TEGNA's other multicast networks, enhancing its position in the growing OTA audience market.
TEGNA Inc. (NYSE: TGNA) declared a dividend of seven cents per share, payable on April 1, 2021, to stockholders of record as of March 5, 2021. The company's president, Dave Lougee, emphasized the company's operational excellence and strong performance in a challenging market. TEGNA operates 64 television stations in 51 U.S. markets, reaching approximately 39 percent of U.S. television households. The firm remains committed to delivering value for its shareholders.
Entercom (NYSE: ETM) has announced a content agreement with Locked On Podcast Network, enhancing its position as the leader in local sports radio. This marks Entercom's fourth recent strategic move in sports audio, following partnerships with FanDuel and the acquisition of the QL Gaming Group. The collaboration will allow Locked On’s podcasts to reach Entercom’s 40 million monthly users and leverage its extensive audience of nearly 30 million sports fans. This partnership is expected to foster new content development, including several co-produced shows.
