Tegna Inc Stock Price, News & Analysis

TEGNA Inc. (NYSE: TGNA) has partnered with TVSquared to enhance cross-platform, closed-loop measurement for advertisers. This initiative aims to deliver better insights into the impact of local data-driven television and OTT campaigns, supporting advertisers' business growth. TEGNA's network includes 64 stations in 51 markets, reaching around 48 million households. The collaboration is expected to improve performance metrics and optimize ad spending, demonstrating TEGNA's commitment to accountability in the evolving TV landscape.

TEGNA Inc. (NYSE: TGNA) announced that its CBS affiliate, WUSA in Washington, D.C., and NBC affiliate, WKYC in Cleveland, Ohio, have won four prestigious Gracie Awards from the Alliance for Women in Media Foundation. These awards recognize remarkable contributions by women in the media industry. Notable winners include Grace Chimel, Jasmine Whittington, and Jessica Miller, among others, who were acknowledged for impactful reporting and storytelling that highlight important social issues. TEGNA emphasizes its commitment to empowering communities through innovative media.

TEGNA Inc. (NYSE: TGNA) appointed Julie Eisenman as the new president and general manager of WNEP, effective June 14. Eisenman, who has been with TEGNA since 2015, succeeds Chuck Morgan, who retired in April. She will oversee the station’s content, sales, and operations, and is recognized for her leadership in creating successful newsroom strategies. Her background includes significant roles at other TEGNA affiliates and a deep understanding of the Pennsylvania market, which positions her to enhance WNEP's community engagement and operational success.

KARE 11, a TEGNA-owned NBC affiliate, has been awarded 10 Regional Edward R. Murrow Awards for its exceptional journalism. The station received accolades for Overall Excellence for four consecutive years, highlighting its achievements in broadcast and digital news during 2020. Notable recognition includes awards for Excellence in Diversity, Equity, and Inclusion, Excellence in Digital, and Excellence in Breaking News, particularly for coverage following George Floyd's death. This reinforces KARE 11's commitment to high-quality journalism amid challenges presented by the pandemic.

TEGNA Inc. (NYSE: TGNA) reported strong financial results for Q1 2021, with total revenue of $727 million, a 6% year-over-year increase. Subscription revenue reached a record $387 million, up 16%, while advertising and marketing services (AMS) revenues hit $323 million, a 9.4% rise. Net income rose 30% to $113 million, and Adjusted EBITDA was $231 million, a 9% increase. Free cash flow reached a record $159 million, representing 22% of revenue. Total debt stood at $3.5 billion, with a net leverage of 3.82x. TEGNA expects continued growth, including a projected increase in AMS revenues and subscription profits.

TEGNA (NYSE: TGNA) announced the re-election of all 12 director nominees at the 2021 Annual Meeting, reflecting strong shareholder support. Chairman Howard Elias expressed gratitude for the vote of confidence, indicating enhanced backing compared to the previous year. CEO Dave Lougee highlighted the successful execution of TEGNA's value-creation strategy, yielding record results. Additionally, shareholders approved PricewaterhouseCoopers as the independent auditor, endorsed executive compensation proposals, and removed supermajority voting provisions. The vote count is pending certification by the Independent Inspector of Elections.

TEGNA Inc. (NYSE: TGNA) has appointed Elliott Longoria Moore as president and general manager of KYTX, its CBS affiliate in Tyler, Texas, effective June 7. Moore, who joined TEGNA in 2018, previously increased sponsorship revenue at WFAA by over 30%. He has experience in digital sales and has served as local sales manager at KSDK, TEGNA's NBC affiliate in St. Louis. Lynn Beall, TEGNA's EVP, praised Moore's leadership style, indicating it will benefit CBS 19 and the East Texas community.

TEGNA Inc. (NYSE: TGNA) announced that three of its local television stations have been nominated for 2020 Peabody Awards, out of four nominations in total. ABC10 in Sacramento received a nomination for its investigative report on PG&E's role in California wildfires. KARE 11 in Minneapolis was recognized for its investigation into preventable deaths in jails, while KING 5 in Seattle was nominated for a series on racial injustice following George Floyd's murder. The Peabody Awards celebrate excellence in broadcasting and storytelling.