Tegna Inc Stock Price, News & Analysis

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.

TEGNA Inc. (TGNA) reported a second quarter record total revenue of $785 million, marking a 7% increase year-over-year. Key drivers included political revenue at $51 million (up 53% from 2018) and subscription revenue at $389 million (up 4%). The company achieved net income of $132 million and Adjusted EBITDA of $256 million, a 12% increase from last year. TEGNA is set to finalize its acquisition by an affiliate of Standard General in H2 2022, subject to regulatory approvals.

TEGNA Inc. (NYSE: TGNA) has declared a quarterly dividend of 9.5 cents per share, to be paid on October 3, 2022, for stockholders on record as of September 9, 2022. TEGNA, a major media company with 64 TV stations across 51 U.S. markets, emphasizes community-driven storytelling and innovative marketing solutions. The company reaches approximately 39% of television households nationwide and remains committed to enhancing its operational capabilities and market presence.

TEGNA Inc. shareholders have re-elected board members, including Chairman Howard D. Elias and CEO Dave Lougee, during the annual meeting. They ratified the appointment of PricewaterhouseCoopers LLP as the independent accounting firm for 2022 and approved an advisory resolution on executive compensation. Additionally, shareholders voted in favor of a proposal allowing owners of 10% of TEGNA's stock to call special meetings. Susan Ness retired from the board, concluding nearly 11 years of service.

TEGNA Inc. (NYSE: TGNA) shareholders re-elected Board members during the annual meeting, including Chairman Howard D. Elias and CEO Dave Lougee. The shareholders also ratified PricewaterhouseCoopers LLP as the independent accounting firm for the fiscal year 2022 and approved an advisory on executive compensation. Additionally, a proposal allowing shareholders owning 10% of outstanding stock to call special meetings was approved. Susan Ness retired from the Board after nearly 11 years of service.

TEGNA Inc. (NYSE: TGNA) has appointed John Treviño as president and general manager of KBMT-KJAC, effective June 13. Treviño, who has over 30 years of experience in local broadcasting, previously served as VP and GM at KDAF in Dallas-Fort Worth, where he launched innovative programming and secured key broadcast rights. In his new role, he will oversee the dual ABC and NBC affiliate operations in Southeast Texas, focusing on community engagement and advertiser results. Treviño's extensive background aims to strengthen TEGNA's presence in the region.