Tegna Inc Stock Price, News & Analysis

TEGNA Inc. (NYSE: TGNA) has appointed Alex Tolston as senior vice president and chief legal officer, effective immediately. Tolston will lead the company's legal department and serve on the leadership team, reporting to CEO Mike Steib. His responsibilities include overseeing legal functions across corporate governance, content creation and distribution, regulatory matters, ethics and compliance, M&A, capital markets, and litigation.

Previously, Tolston was executive vice president, chief legal officer, and corporate secretary at Hemisphere Media Group, where he executed growth strategies and managed complex transactions. His experience includes acquisitions, joint ventures, and intellectual property strategy. Tolston holds a B.A. from Tulane University and a J.D. from New York Law School, and has prior experience at Paul, Weiss, Rifkind, Wharton & Garrison LLP and Bear, Stearns & Co., Inc.

TEGNA Inc. and the Dallas Mavericks have expanded their broadcast distribution for the upcoming NBA season. Eight additional stations will join six owned by TEGNA to broadcast Mavericks games not exclusively televised nationally, reaching approximately 14 million people in Texas. Starting October 26, these stations will air 70 or more games in the first season for free over-the-air.

The expansion includes stations in Amarillo, El Paso, Harlingen-Brownsville, Laredo, Lubbock, Sherman, Shreveport & Texarkana, and Wichita Falls & Lawton. This partnership involves stations from Gray, Nexstar, and Sinclair. TEGNA's newly rebranded KFAA Dallas-Ft. Worth (Ch. 29) will broadcast all non-exclusive national games, with 15 or more simulcast on WFAA (Ch. 8).

Kroenke Sports & Entertainment (KSE) has announced a broadcast rights agreement with TEGNA for 20 Denver Nuggets and 20 Colorado Avalanche games to be shown for free over-the-air on Denver's 9NEWS and My20. A new subscription-based platform, Altitude+, will launch in October, offering Nuggets and Avalanche games not exclusive to national networks for $19.95 per month.

The Altitude Sports network will continue to carry local games for subscribers of DIRECTV, DIRECTV STREAM, Fubo, and Spectrum TV. The broadcast agreement with TEGNA will enable nearly 3.5 million people in the Denver metro area to access games over-the-air. Altitude+ will also be available as a TV Everywhere service at no additional cost for customers who currently subscribe to a TV package that includes Altitude Sports.

TEGNA Inc. (NYSE: TGNA) has announced that Lynn Beall, executive vice president and chief operating officer of media operations, will depart the company in mid-2025 after a significant transition period. Beall, who joined TEGNA in 1988, has held her current position since 2017, overseeing 64 stations, news and content strategy, revenue growth, and network relationships. She is also vice chair of the National Association of Broadcasters Television Board and serves on the CBS Television Affiliates Association Board's executive committee.

CEO Mike Steib praised Beall's leadership and contributions to TEGNA's growth from 12 stations in 1988 to 64 today. During the transition period, Beall will work with the TEGNA team to maximize opportunities in audience engagement and customer service.

TEGNA Inc. (NYSE: TGNA) has announced it will host a conference call to discuss its third quarter 2024 earnings results on Thursday, November 7, 2024, at 9 a.m. (ET). The call will be webcast through the company's website and is open to investors, the financial community, media, and the public. Phone participants must register in advance to receive dial-in numbers and a unique PIN. TEGNA's earnings announcement will be released before the market opens on November 7, with related materials available through the Investor Relations section of TEGNA's website. The webcast will be archived for future access.

TEGNA Inc. (NYSE: TGNA) has announced that Ellen Crooke, senior vice president of news, will retire in January 2025. Crooke, who joined TEGNA in 2002, has led the company's news team since 2014. During her tenure, she has driven content innovation efforts, launched VERIFY, crafted the Principles of Ethical Journalism, and spearheaded several journalism training programs.

Crooke's career at TEGNA includes news leadership roles at WXIA in Atlanta and WGRZ in Buffalo. She is a recipient of four National Edward R. Murrow Awards and multiple Southeast Emmy Awards. Crooke has also served on the Radio Television Digital News Association (RTDNA) Board of Directors and continues to work with RTDNA on trust in journalism issues.

The Dallas Mavericks have announced a new multi-year broadcast rights agreement with TEGNA (NYSE: TGNA). This deal will bring all Mavericks games not exclusively televised nationally to approximately 10 million people in Texas, nearly tripling the current reach. Starting October 26, KMPX Dallas-Ft. Worth (Ch. 29) will broadcast 70+ games for free over-the-air, with 15+ games simulcast on WFAA Dallas-Ft. Worth (Ch. 8). The games will also be broadcast on TEGNA stations in Waco, Tyler, Midland-Odessa, Abilene, and San Angelo. WFAA becomes the official local broadcast partner of the Mavericks, providing extensive coverage. TEGNA will lead local and regional advertising and sponsorship sales for all local games.

TEGNA Inc. (NYSE: TGNA) has appointed Carrie Yates as the new president and general manager of WZDX, their Fox affiliate in Huntsville, Alabama. Yates, who has been serving as interim general manager since spring, will oversee station operations across all platforms, community outreach, and advertiser relations.

Yates brings extensive experience in sales leadership roles across Alabama, including successful stints at WSFA in Montgomery and WAFF in Huntsville. Her track record includes driving record revenue and digital performance. Paul Trelstad, TEGNA's senior VP of media operations, praised Yates' experience and understanding of the Alabama market.

Yates expressed enthusiasm for continuing her work with TEGNA in Huntsville, emphasizing her commitment to the community, employees, and advertisers. She holds a B.S. in Human Environmental Sciences from the University of Alabama Tuscaloosa and has a history of community service involvement.

ALLCITY Network, a multi-platform local sports network operator, has secured Series B funding led by TEGNA (NYSE: TGNA), with participation from existing investors. This investment pushes ALLCITY's total funding beyond $25 million, bolstering its position in the digital sports industry. The deal includes a commercial agreement for cross-promotion, content licensing, and distribution via TEGNA's channels and apps.

Key highlights:

• ALLCITY and TEGNA's Locked On Podcast Network talents will make guest appearances on each other's shows
• Funding will support market expansion, streaming investments, and key management hires
• Partnership aims to strengthen local sports coverage and community engagement