Tegna Inc Stock Price, News & Analysis

TEGNA (NYSE: TGNA) announces the digital premiere of a three-part investigation series titled "A Different Cry" on January 23, focusing on rising suicide rates among Black youth in America. This series, produced by the award-winning Atticus investigative unit, highlights personal stories of families affected by suicide, exposing how school systems are inadequately equipped to handle bullying complaints. The series aims to illuminate the underreported crisis and encourage community awareness and intervention efforts.

TEGNA Inc. (NYSE: TGNA) has appointed Rebecca Cantu as the new president and general manager at KIII, its ABC affiliate in Corpus Christi, Texas, effective February 7. Cantu will oversee station operations and focus on community service and advertising results, succeeding Bruce Cummings, who retires on March 4. Cantu brings 14 years of experience from TEGNA's KHOU in Houston, enhancing marketing and community initiatives. Her leadership is anticipated to drive KIII’s success.

TEGNA Inc. (NYSE: TGNA) will host a conference call on February 28, 2021, at 9:00 a.m. (ET) to discuss its fourth quarter and full-year earnings results. The earnings announcement will be released before the market opens on the same day, with related materials available on investors.TEGNA.com. The call is accessible to investors and media, and a replay will be offered afterward. TEGNA operates 64 television stations across 51 U.S. markets, reaching about 39% of television households nationwide.

TEGNA Foundation, associated with TEGNA (NYSE: TGNA), announced the distribution of 234 Community Grants in 2021 aimed at addressing pressing community needs. These grants support initiatives in areas such as Good Health and Well-Being (42%), Quality Education (22%), and Zero Hunger (20%). Notable contributions include grants to local organizations in Seattle, Denver, and Sacramento, focusing on racial justice, health services, and food security. TEGNA's commitment to empowering communities through charitable initiatives highlights its role in social responsibility.

TEGNA Inc. (NYSE: TGNA) has been recognized by the Women’s Forum of New York for achieving 42 percent female representation on its board of directors at the sixth biennial “Breakfast of Corporate Champions” event. This acknowledgment highlights TEGNA's commitment to gender equity and diversity within corporate leadership. The recognition is part of a broader initiative that celebrates companies with over 35 percent female board representation, showcasing TEGNA as a leader in promoting women’s leadership in the business sector.

TEGNA Inc. (NYSE: TGNA) has announced a multi-year partnership with Law&Crime Productions and Cineflix Rights to co-produce original docuseries utilizing TEGNA's extensive library of true crime content. The collaboration will kick off with the production of 50 hour-long episodes, starting with the series “Cult Justice”, which explores the workings of cults and law enforcement's responses. This partnership signifies TEGNA's commitment to expanding its role in the unscripted content space and leveraging its vast resources for global distribution.

TEGNA Inc. (NYSE: TGNA) has filed a response to DISH's FCC complaint and initiated a cross-complaint against DISH for alleged bad faith negotiations. TEGNA claims that millions of DISH customers are missing essential programming, including local and national news. The company accuses DISH of obstructing negotiations and misrepresenting facts. TEGNA aims for a fair deal to restore programming access and encourages DISH customers to voice their concerns and consider switching providers if access is not restored.

TEGNA Inc. (TGNA) reported a record $756 million in total revenue for Q3 2021, up 2% year-over-year, driven by strong subscription revenue of $369 million (+16%) and advertising and marketing services (AMS) revenue of $364 million (+22%). Despite missing the previous year's high-margin political revenue of $116 million, AMS revenue grew 12% compared to 2019. Net income stood at $128 million, and total debt was $3.4 billion with a net leverage of 3.39x. The company expects to meet or exceed its full-year financial guidance for 2021.

TEGNA (NYSE: TGNA) has declared a dividend of 9.5 cents per share, payable on January 3, 2022, to shareholders recorded as of December 10, 2021. The company reported substantial free cash flow, allowing for an increase in its two-year cash flow guidance. TEGNA also anticipates completing its $300 million share repurchase program ahead of schedule due to a strong balance sheet. The Board is focused on capital allocation and enhancing shareholder value.