Tegna Inc Stock Price, News & Analysis

TEGNA Inc. (NYSE: TGNA) has announced it will host its fourth quarter and full-year 2024 earnings conference call on Thursday, February 27, 2025, at 9 a.m. ET. The conference call will be accessible via webcast through the company's website and is open to investors, financial community, media, and the public.

Participants joining by phone must register through investors.TEGNA.com at least 10 minutes before the scheduled start time to receive dial-in numbers and a unique PIN. The earnings announcement will be released before market opens on February 27, with related materials available through the Investor Relations section of TEGNA's website. The webcast will be archived for future access.

TEGNA Inc. (NYSE: TGNA) has appointed Scott Dempsey as president and general manager of WLTX, its CBS affiliate in Columbia, South Carolina. Dempsey brings significant experience from his 2015-2022 role as vice president and general manager at WBTV in Charlotte, where he led the station to achieve top market position for the first time in 35 years.

During his career, Dempsey served as a regional vice president for Raycom Media, overseeing multiple stations across the Southeast. His background includes sales positions at ABC National Sales, WABC-TV, and WFTS-TV, as well as entrepreneurial experience as CEO of a Florida-based home building business.

In his new role at WLTX, Dempsey will be responsible for managing station operations across all platforms and driving advertiser results. The appointment is effective immediately.

TEGNA (NYSE: TGNA) has announced its Board of Directors' declaration of a regular quarterly dividend of 12.5 cents per share. The dividend will be paid on January 2, 2025, to stockholders who are recorded as of the close of business on December 6, 2024.

TEGNA (NYSE: TGNA) has appointed Dhanusha Sivajee as senior vice president and chief experience officer, effective immediately. Reporting to CEO Mike Steib, Sivajee will oversee the end-to-end journey of local community members across TEGNA's portfolio, reaching approximately 100 million people monthly. She will manage research, communications, brand, performance and lifecycle marketing, and consumer digital product development. Sivajee joins from Angi, Inc., where she served as CMO, and brings extensive experience from previous roles at The Knot Worldwide, AOL Brand Group, Bloomberg Media, and HBO.

TEGNA (TGNA) reported strong Q3 2024 results with total revenue increasing 13% to $807 million, driven by record political advertising of $126 million and positive growth in advertising and marketing services. Subscription revenue decreased 6% to $356 million due to subscriber declines. The company achieved $270 million in Adjusted EBITDA, up 62%. GAAP earnings per share reached $0.89, while non-GAAP EPS was $0.94. TEGNA returned over $90 million to shareholders through share repurchases and dividends, maintaining its commitment to return approximately $350 million in 2024.

TEGNA has announced a new multi-year agreement with FuboTV, the sports-first live TV streaming platform. The deal enables Fubo subscribers to access live telecasts from KFAA in Dallas, with KONG in Seattle and KTVD in Denver launching soon. KFAA will broadcast 70+ Dallas Mavericks games, KONG will air 70+ Seattle Kraken games, and KTVD will broadcast 20 Denver Nuggets games and 20 Colorado Avalanche games.

TEGNA has appointed Carolyn Mungo as president and general manager at WFAA-KFAA, its ABC affiliate serving Dallas-Ft. Worth. Mungo, who previously served as vice president and station manager since 2019, will oversee station operations across all platforms, community outreach, and advertising results. Under her leadership, WFAA has earned numerous prestigious awards, including ten National Edward R. Murrow awards and their first Overall Excellence award in 2023. She brings extensive experience in journalism and leadership, having previously served as executive news director and led coverage of major national stories.

TEGNA Inc. (NYSE: TGNA) has appointed Alex Tolston as senior vice president and chief legal officer, effective immediately. Tolston will lead the company's legal department and serve on the leadership team, reporting to CEO Mike Steib. His responsibilities include overseeing legal functions across corporate governance, content creation and distribution, regulatory matters, ethics and compliance, M&A, capital markets, and litigation.

Previously, Tolston was executive vice president, chief legal officer, and corporate secretary at Hemisphere Media Group, where he executed growth strategies and managed complex transactions. His experience includes acquisitions, joint ventures, and intellectual property strategy. Tolston holds a B.A. from Tulane University and a J.D. from New York Law School, and has prior experience at Paul, Weiss, Rifkind, Wharton & Garrison LLP and Bear, Stearns & Co., Inc.

TEGNA Inc. and the Dallas Mavericks have expanded their broadcast distribution for the upcoming NBA season. Eight additional stations will join six owned by TEGNA to broadcast Mavericks games not exclusively televised nationally, reaching approximately 14 million people in Texas. Starting October 26, these stations will air 70 or more games in the first season for free over-the-air.

The expansion includes stations in Amarillo, El Paso, Harlingen-Brownsville, Laredo, Lubbock, Sherman, Shreveport & Texarkana, and Wichita Falls & Lawton. This partnership involves stations from Gray, Nexstar, and Sinclair. TEGNA's newly rebranded KFAA Dallas-Ft. Worth (Ch. 29) will broadcast all non-exclusive national games, with 15 or more simulcast on WFAA (Ch. 8).