TEGNA Stations KARE and KXTV Nominated for Peabody Awards

Rhea-AI Summary

TEGNA Inc. (NYSE: TGNA) announced that its stations KARE in Minneapolis and KXTV in Sacramento have been nominated for prestigious Peabody Awards. KARE was nominated for its investigative series 'The Gap: Failure to Treat, Failure to Protect,' which addresses systemic issues with violent criminal suspects in Minnesota. The series led to significant legislative reforms. KXTV's nomination is for 'The Price of Care: Taken by the State,' which uncovered abuses in state conservatorships in California and influenced new legislation. Lynn Beall, EVP and COO of Media Operations, emphasized the vital role of investigative journalism in holding powers accountable. TEGNA operates 64 television stations in the U.S., reaching approximately 39 percent of households nationwide.

Positive

• Peabody Award nominations for KARE and KXTV enhance brand reputation.
• Investigative reporting led to meaningful legislative reforms in Minnesota and California.
• TEGNA's broad reach with 64 stations improves audience engagement and advertising potential.

Negative

• None.

TYSONS, Va.--(BUSINESS WIRE)-- TEGNA Inc. (NYSE: TGNA) today announced that KARE in Minneapolis and KXTV in Sacramento have been nominated for Peabody Awards, which honor the most compelling and empowering stories released in broadcasting and streaming media during 2022.

In the News category, KARE was nominated for KARE 11 Investigates – The Gap: Failure to Treat, Failure to Protect, a year-long series and primetime special. In the series, reporters A.J. Lagoe and Brandon Stahl, along with investigative producer Steve Eckert and photojournalists Gary Knox, David Peterlinz and Ronald Stover revealed how violent criminal suspects deemed too mentally ill to stand trial in Minnesota are often released without adequate treatment or supervision – and go on to commit new crimes, including murders. Citing KARE 11’s findings, state lawmakers passed sweeping reforms.

Also in the News category, KXTV was nominated for The Price of Care: Taken by the State. This five-episode investigation exposed alarming practices and abuse by the state agency responsible for protecting Californians with disabilities. The series has been credited with helping to pass first-of-its-kind legislation to make it easier for people to terminate conservatorships and wrote the concept of “supported decision making” into California law. The Price of Care was produced by investigative reporter Andie Judson, director of special projects and engagement Gonzalo Magaña, investigative producers Rory Ward and Tyler Horst, and producers Mike Bunnell and Sabrina Sanchez, all of whom are part of the award-winning KXTV/ABC10 Originals team.

“Investigative journalism has the power to uncover hidden truths, expose corruption and bring justice to those who have been wronged,” said Lynn Beall, EVP and COO, media operations, TEGNA. “We are proud of our stations’ groundbreaking investigative journalism that holds those in power accountable and sheds light on the issues that matter most in our communities.”

About TEGNA

TEGNA Inc. (NYSE: TGNA) is an innovative media company that serves the greater good of our communities. Across platforms, TEGNA tells empowering stories, conducts impactful investigations and delivers innovative marketing solutions. With 64 television stations in 51 U.S. markets, TEGNA is the largest owner of top 4 network affiliates in the top 25 markets among independent station groups, reaching approximately 39 percent of all television households nationwide. TEGNA also owns leading multicast networks True Crime Network, Twist and Quest. TEGNA offers innovative solutions to help businesses reach consumers across television, digital and over-the-top (OTT) platforms, including Premion, TEGNA’s OTT advertising service. For more information, visit www.TEGNA.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230411005892/en/

For media inquiries, contact:

Anne Bentley

Vice President, Corporate Communications

703-873-6366

abentley@TEGNA.com

For investor inquiries, contact:

Julie Heskett

Senior Vice President, Financial Planning & Analysis

703-873-6747

investorrelations@TEGNA.com

Source: TEGNA Inc.

FAQ

What Peabody Awards were KARE and KXTV nominated for?

KARE was nominated for 'The Gap: Failure to Treat, Failure to Protect,' while KXTV was nominated for 'The Price of Care: Taken by the State.'

How does the Peabody Award nomination affect TEGNA's stock?

While award nominations can boost TEGNA's reputation, their direct impact on stock performance typically depends on broader financial results.

What issues do the nominated investigative reports address?

KARE's report focuses on the failures in managing mentally ill criminal suspects, and KXTV's investigation sheds light on abuses in state conservatorships.

When were the Peabody Award nominations announced?

The Peabody Award nominations were announced in April 2023.

What is TEGNA's market reach?

TEGNA operates 64 television stations, reaching approximately 39 percent of all U.S. television households.