Tegna Inc Stock Price, News & Analysis

TEGNA Inc. (NYSE: TGNA) declared a dividend of seven cents per share, payable on April 1, 2021, to stockholders of record as of March 5, 2021. The company's president, Dave Lougee, emphasized the company's operational excellence and strong performance in a challenging market. TEGNA operates 64 television stations in 51 U.S. markets, reaching approximately 39 percent of U.S. television households. The firm remains committed to delivering value for its shareholders.

Entercom (NYSE: ETM) has announced a content agreement with Locked On Podcast Network, enhancing its position as the leader in local sports radio. This marks Entercom's fourth recent strategic move in sports audio, following partnerships with FanDuel and the acquisition of the QL Gaming Group. The collaboration will allow Locked On’s podcasts to reach Entercom’s 40 million monthly users and leverage its extensive audience of nearly 30 million sports fans. This partnership is expected to foster new content development, including several co-produced shows.

TEGNA Inc. (NYSE: TGNA) announced that its stations WFAA (Dallas) and KING 5 (Seattle) received 2021 Alfred I. duPont-Columbia University Awards for excellence in journalism. WFAA was honored for its documentary “VERIFY Road Trip: Climate Truth,” which explored climate change, while KING 5 won for “Bob’s Choice,” chronicling a terminally ill cancer patient’s decision to utilize Washington’s Death with Dignity Act. These awards highlight the impactful role of local journalism in addressing critical societal issues.

TEGNA Inc. (NYSE: TGNA) appointed Bill Dallman as president and general manager of KARE 11, effective June 1, 2021. Dallman replaces John Remes and previously served as news director at KOMO News in Seattle. His extensive experience includes leadership roles at KCBS-KCAL in Los Angeles and KMSP in Minneapolis-St. Paul. Dallman is a native Minnesotan with over 25 years in media, holding a degree from the University of Wisconsin-Madison. TEGNA operates 64 television stations across 51 U.S. markets, serving approximately 39% of TV households nationwide.

Cadent has expanded its agreement with Premion, enhancing its advanced TV platform's capabilities. This partnership will utilize Cadent's Viewer Graph, a cookieless audience matching technology, to support cross-screen campaigns for regional and local advertisers. The agreement allows Premion to access Cadent's extensive audience solutions, including data onboarding and analytics, enabling better targeting through a comprehensive understanding of audiences. Advertisers can leverage unique datasets and gain insights into campaign performance, enhancing their marketing strategies.

TEGNA Inc. (NYSE: TGNA) has acquired the Locked On Podcast Network, a prominent podcast network focused on local sports. This acquisition aims to enhance TEGNA's presence in the growing podcast market and expand its sports content. Locked On produces daily podcasts for every major professional league and over 30 college programs, generating 8 million listens per month. The deal's financial terms were not disclosed, but TEGNA will finance it with available cash, expecting no material impact on its 2021 financials.

TEGNA Inc. (NYSE: TGNA) announced an expansion of its VERIFY initiative to combat disinformation and appointed Jonathan Forsythe as the managing editor to lead this effort. VERIFY, which has significantly increased its web traffic by 423% in 2020, will grow into a standalone brand in 2021 with new digital products and broader social media presence. Forsythe, with over 20 years of journalism experience, will oversee content creation and team management, enhancing the initiative's mission to provide accurate information and fight misinformation.

TEGNA Inc. (NYSE: TGNA) responded to Standard General’s nominations for the 2021 Annual Meeting, stating that their Nominating and Governance Committee will evaluate the proposed nominees and later recommend to the full Board. The statement emphasizes the commitment to act in the best interests of TEGNA shareholders.

The company notes potential risks that could impact its operations, including the effects of the COVID-19 pandemic on revenues, particularly in non-political advertising, and regulatory challenges that may affect TEGNA's future plans.

TEGNA (NYSE: TGNA) and FreeWheel, a Comcast Company (Nasdaq: CMCSA), have announced a multi-year agreement aimed at automating TEGNA's advertising transactions, including through the CTV/OTT platform Premion. The deal involves enhancing operations via FreeWheel’s Strata platform for processing electronic orders through ePort. This partnership will increase efficiency and access for over 1100 agencies to Premion's inventory from 125+ publishers, while also focusing on innovative marketplace technology for programmatic transactions.