TEGNA Inc. was a local news and technology company whose updates centered on local television newsrooms, digital video products, mobile apps, weather coverage, and broadcast events across its markets. Company news also covered operating results, governance and capital-structure matters, material agreements, and shareholder voting topics.
In 2026, Nexstar Media Group completed its acquisition of TEGNA, leading to removal of TEGNA common stock from the New York Stock Exchange and deletion from the S&P SmallCap 600. The completed transaction changed TGNA from a standalone listed issuer into a wholly owned subsidiary of Nexstar Media Group.
TEGNA's KONG-TV has partnered with GatesAir to launch NextGen TV (ATSC 3.0) in the Seattle-Tacoma market, pending FCC approval. The initiative will begin broadcasts in early December, with KONG-TV acting as the host station. The collaboration aims to enhance local broadcasting through advanced technologies, including 4K UHD delivery and improved emergency alerts. GatesAir will provide the Maxiva ULXTE-30 transmitter to support these broadcasts. KONG-TV will inform viewers about necessary rescan actions for continued reception of the station.
TEGNA Inc. (NYSE: TGNA) announced Jessica Hagan as the new president and general manager of KTVB and KTFT, effective November 16, 2020. Hagan comes from the KING 5 Media Group, where she was director of sales, overseeing a team responsible for developing revenue strategies. With 17 years of media experience, she has built partnerships and solutions that drive growth. Hagan holds a Bachelor's in Broadcast Journalism and an MBA. TEGNA operates 63 television stations, reaching approximately 39% of U.S. households.
TEGNA Inc. (NYSE: TGNA) announced a dividend of seven cents per share, payable on January 4, 2021, to stockholders of record as of December 11, 2020. CEO Dave Lougee reaffirmed the company's commitment to its core strategy despite the challenges of 2020, stating that their financial discipline supports long-term value for shareholders. TEGNA operates 63 television stations across 51 U.S. markets, reaching approximately 39% of TV households, highlighting its strong market presence.
TEGNA Inc. (NYSE: TGNA) announced strong preliminary financial results for Q3 2020, with revenue expected at $738 million, a 34% year-over-year increase, primarily from political advertising and robust subscription revenue. GAAP net income is projected to exceed $132 million, more than double from Q3 2019, while adjusted EBITDA is expected at $259 million, reflecting a 65% increase. Free cash flow stands at $153 million, facilitating reduced net leverage anticipated at 4.2x or lower by year-end. Subscription revenue growth expectations are now revised to the high twenties percentage-wise compared to 2019.
TEGNA Inc. (NYSE: TGNA) will hold a conference call on November 9, 2020, at 9:00 a.m. (ET) to discuss its Q3 2020 earnings results. The earnings announcement will be made before the market opens that day, with materials available on TEGNA’s Investor Relations website. The call is open to investors and the public, with a toll-free number for participation. A replay will be available post-call until November 23, 2020. TEGNA operates 63 television stations in 51 U.S. markets, reaching about 39% of TV households nationwide.