Tegna Inc Stock Price, News & Analysis

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.

TEGNA (NYSE: TGNA) announced that its Cleveland and Atlanta stations, WKYC and WXIA, respectively, received three 2023 Gracie Awards from the Alliance for Women in Media Foundation. The Gracie Awards celebrate women in media for their impactful contributions. Among the winners, WKYC's Danielle Wiggins was recognized for her on-air talent, while WXIA's documentary 'A Different Cry' addressed rising suicide rates among Black youth. Additional honors included WKYC's 'Sunday GO!' and various honorable mentions across categories. TEGNA operates 64 television stations nationwide, reaching 39% of U.S. TV households.

TEGNA Inc. (NYSE: TGNA) has appointed Tim Thomas as president and general manager of WTLV and WJXX, effective April 3, 2023. Thomas will oversee the operations of the NBC and ABC affiliates in Jacksonville, focusing on community service and advertiser engagement. Previously, he was president and GM in West Texas, achieving significant broadcast share growth and receiving a Regional Edward R. Murrow Award. Thomas has a strong background in media leadership and community engagement, aiming to drive results for First Coast News.

TEGNA Inc. (NYSE: TGNA) has appointed Robert Dwyer as the new president and general manager at KCEN KAGS, the NBC affiliates for Temple, Waco, Killeen, and Bryan-College Station in Central Texas, effective March 20. Dwyer previously served as the marketing director at WCNC in Charlotte since 2019, where he successfully enhanced the station's branding and audience engagement. His background also includes roles at WHNS and The Golf Channel. TEGNA's vice president praised Dwyer's leadership and experience in improving content brands and community relations.

Standard General L.P. intends to proceed with its proposed acquisition of TEGNA (NYSE: TGNA) despite recent actions by the FCC’s Media Bureau that may delay the transaction. The Bureau designated two questions related to the deal to an Administrative Law Judge, which Standard General criticizes as an attempt to obstruct the transaction. The firm emphasized that its proposal meets FCC regulations, aims to enhance local news, and does not violate any rules. Furthermore, the prolonged review process has exceeded 354 days, raising concerns within the industry about regulatory fairness. Standard General asserts that this deal could significantly increase diversity in media ownership.

TEGNA Inc. (NYSE: TGNA) reported record financial results for Q4 and full-year 2022, with total revenue reaching $917 million in Q4, an 18% year-over-year increase. Subscription revenue hit a record $372 million, up 11% year-over-year. Full-year revenue was $3.3 billion, a 10% rise, driven by political and subscription revenue, despite a 5% drop in AMS revenue. Net income for Q4 was $219 million, and for the year, it reached $631 million. TEGNA's Adjusted EBITDA for Q4 was $361 million, up 47% from the previous year. The company announced a pending acquisition by Standard General at $24.00 per share, subject to FCC approval.

TEGNA Inc. (NYSE: TGNA) has declared a quarterly dividend of 9.5 cents per share, set for payment on April 3, 2023. Stockholders recorded as of March 10, 2023 will be eligible for this dividend. TEGNA operates 64 television stations across 51 U.S. markets, reaching approximately 39% of all TV households in the country. The company is a leader in innovative marketing solutions and owns several multicast networks, demonstrating strong operational capacity and market presence.

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.