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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.
TEGNA Inc. (NYSE: TGNA) announced that its stations KARE in Minneapolis and WXIA in Atlanta received the prestigious 2023 Alfred I. duPont-Columbia University Awards for excellence in journalism. KARE's investigation revealed systemic failures in mental health treatment in Minnesota, prompting legislative reforms. WXIA's series highlighted issues in Georgia's child welfare system, resulting in the signing of the Mental Health Parity Act and increased funding for mental health services. TEGNA continues to showcase impactful journalism that drives community change.
TEGNA Inc. (NYSE: TGNA) and KARE 11 celebrate Boyd Huppert for receiving the Lifetime Achievement Award from the Radio Television Digital News Foundation as part of the 2023 First Amendment Awards. This recognition honors Huppert's 40-year career in journalism, particularly his impactful work at KARE 11, where he has produced notable storytelling segments. Huppert has won multiple prestigious awards including 22 National Edward R. Murrow Awards and an Emmy. The award ceremony will take place on March 2 in Washington, DC.
Standard General has received substantial backing from civil rights organizations, legislators, and minority media groups for its acquisition of TEGNA Inc. (TGNA). This transaction is poised to create the largest minority-owned and female-led broadcast group in U.S. history, enhancing local news programming and media diversity. Standard General aims to improve local broadcasting services, increase investment in local journalism, and localize management for better community responsiveness. An informational website, www.SGandTEGNA.com, has been launched to provide updates and insights on the acquisition.
Standard General L.P. has announced its pending acquisition of TEGNA Inc. (TGNA) is under regulatory review, with concerns from authorities about potential negative impacts on cable and satellite TV consumers amid inflation concerns. To address these regulatory issues, Standard General has pledged to waive certain rights related to the transaction, reflecting its commitment to public interest benefits. The company remains optimistic about TEGNA's future under its leadership and is committed to collaborating with regulators to finalize the acquisition.
Standard General and TEGNA Inc. announced that the National Telecommunications and Information Administration has confirmed no objections to their upcoming transaction. This deal aims to enhance local journalism and increase minority ownership in broadcasting, with Standard General pledging an investment focused on local stations. Together, they plan to form the largest minority-owned and female-led television station group in U.S. history. Both companies continue to cooperate with regulatory reviews to finalize the transaction.
TEGNA Inc. (TGNA) reported record third-quarter results for 2022, achieving total revenue of $803 million, a 6% increase year-over-year. Subscription revenue reached $377 million, up 2%, while advertising and marketing services (AMS) revenue declined 12% to $321 million. Political revenue rose 28% compared to 2018. Net income was $146 million, and Adjusted EBITDA totaled $266 million. The company continues to pursue its acquisition by Standard General, expected to close in the second half of 2022, pending regulatory approvals.
TEGNA Inc. (NYSE: TGNA) has declared a quarterly dividend of
Standard General responds to ad hominem attacks regarding its proposed acquisition of TEGNA (NYSE: TGNA), refuting claims made by NewsGuild representatives. The firm emphasizes its commitment to enhancing local media services and highlights substantial support from civil rights groups, legislators, and minority media organizations for the acquisition. Standard General insists its transaction is compliant with FCC regulations and is backed by extensive documentation, asserting that criticisms are unfounded and distract from its qualifications as minority media owners.
Standard General L.P. announced its pending acquisition of TEGNA (NYSE: TGNA), aiming to create the largest minority-owned and female-led broadcast station group in U.S. history. The acquisition is said to provide significant public interest benefits, enhancing local news and community service. Standard General refuted claims made by Congress members regarding media consolidation and job cuts, asserting its commitment to localism and diversity. The transaction complies with FCC rules and awaits approval, emphasizing a goal of increasing minority-owned TV stations in the U.S.
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What is Premion?
