Tegna Inc Stock Price, News & Analysis

TEGNA has announced its acquisition by Standard General for $24.00 per share, pending shareholder and regulatory approvals. In 2021, TEGNA achieved record revenues of $3.0 billion, with subscription revenue up 14% to $1.5 billion, and AMS revenue rising 22% to $1.4 billion. Despite a 17% decline in Q4 total revenue to $775 million, the company reported strong performance in AMS and subscription segments. TEGNA's net income for Q4 was $129 million, and full-year Adjusted EBITDA reached $948 million. The acquisition is expected to close in the second half of 2022, transitioning TEGNA to a private entity.

TEGNA (NYSE: TGNA) announced a regular quarterly dividend of 9.5 cents per share, with a payment date set for April 1, 2022. This will be available to stockholders on record as of March 4, 2022. Additionally, TEGNA and Standard General L.P. confirmed a definitive agreement for TEGNA's acquisition at $24.00 per share in cash, expected to close in the second half of 2022. TEGNA will continue its regular quarterly dividend through this transaction.

TEGNA (NYSE: TGNA) has entered into a definitive agreement for its acquisition by an affiliate of Standard General at $24.00 per share, valuing the transaction at approximately $5.4 billion. This represents a 39% premium over TEGNA’s share price prior to acquisition speculation. The deal aims to maximize shareholder value and will transition TEGNA into a private company, enhancing its capacity to adapt to the evolving media landscape. The transaction is expected to close in the second half of 2022, pending regulatory and shareholder approvals.

TEGNA (NYSE: TGNA) and Mediacom Communications have reached a new agreement to renew the carriage of TEGNA stations on Mediacom. This deal ensures that TEGNA's 12 owned stations will be available to affected Mediacom customers soon. TEGNA’s EVP, Lynn Beall, emphasized the importance of providing subscribers access to local news, sports, and network content. The agreement aims to enhance viewer experience and service delivery in Mediacom markets.

TEGNA Inc. (NYSE: TGNA) announced a significant 48% year-over-year growth in its Locked On Podcast Network, reaching over 115 million podcast listens and views in 2021. The network expanded to 118 active channels since launching its first YouTube channel in May 2021, averaging 3 million views monthly. Notable growth was recorded in NHL (159%), MLB (97%), College Sports (72%), NBA (50%), and NFL (32%) podcasts. Looking ahead, Locked On plans to enhance local sports coverage and live event streaming, including special coverage from Super Bowl LVI.

TEGNA Inc. (NYSE: TGNA) announced that its news stations KARE in Minneapolis and KXTV in Sacramento have won 2022 Alfred I. duPont-Columbia University Awards for excellence in journalism. KARE was recognized for its investigative report on preventable inmate deaths in Minnesota, leading to significant reforms. KXTV's series held Pacific Gas & Electric accountable for its role in the California wildfires. These awards highlight TEGNA's commitment to impactful journalism that effects change in local communities.

TEGNA Inc. (NYSE: TGNA) announced a new carriage agreement with DISH, restoring access to its 64 owned stations for DISH TV subscribers. The deal includes retransmission consent for live local news, national sports, and popular network content. The agreement is expected to enhance TEGNA's service offerings and strengthen its market presence. Lynn Beall, EVP and COO of media operations at TEGNA, expressed gratitude for viewer patience during the negotiation process.

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.