Tegna Inc Stock Price, News & Analysis

TEGNA Inc. (NYSE: TGNA) announced that its NBC affiliate, KING in Seattle, and journalist Chris Ingalls received The Brooks Jackson Prize for Fact-Checking, recognizing their investigative series 'The Fraud Crusade.' This series exposed misinformation regarding voter registration anomalies in Washington state elections, which were promoted by the Voter Integrity Project. The judges praised Ingalls' work as 'important' and 'well researched.' TEGNA’s EVP and COO, Lynn Beall, emphasized the role of local investigative journalism in combating misinformation. KING's commitment to excellence in journalism was highlighted by news director Julie Wolfe, who congratulated the team for their efforts in informing the community.

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.