Welcome to our dedicated page for Tegna news (Ticker: TGNA), a resource for investors and traders seeking the latest updates and insights on Tegna stock.
Tegna Inc (TGNA) is a leading media company operating 64 broadcast television stations and digital platforms reaching 39% of U.S. households. This page serves as the definitive source for corporate announcements, financial updates, and operational developments impacting this broadcast/digital hybrid enterprise.
Investors and stakeholders will find curated press releases covering earnings reports, strategic partnerships, and technological innovations across TGNA's portfolio. Key updates include broadcast network expansions, digital platform enhancements (Cars.com, CareerBuilder), and multicast channel developments (True Crime Network, Quest).
All content is organized chronologically track market-moving events while maintaining compliance with SEC disclosure standards. Regular updates ensure timely access to material information about advertising revenue trends, political ad cycles, and local sports broadcasting agreements.
Bookmark this page for real-time updates on TGNA's media operations, including digital marketing service expansions through G/O Digital and strategic content distribution partnerships. Verify time-sensitive data directly with official SEC filings when making investment decisions.
TEGNA Inc. announced David Loving as the new president and general manager at KHOU and KTBU in Houston, effective May 20. Loving brings a wealth of experience, having previously served in various leadership roles in the media industry. His return to Houston, where he previously excelled at Univision, is seen as a valuable asset. TEGNA's senior vice president is optimistic about Loving's impact, highlighting his understanding of the city and community. Loving expressed enthusiasm for the new role, emphasizing his desire to collaborate with the KHOU team and engage with Houston's diverse community.
TEGNA Inc. reported first quarter 2024 results meeting key guidance metrics and reaffirming full-year guidance. The company returned over $100 million to shareholders, increased dividend by 10%, expects $90-$100 million annual cost savings by 2025, integrated Octillion Media for enhanced revenue growth, and achieved $714 million in total revenue with a decrease of 4% year-over-year. Despite lower subscription revenue, advertising and marketing services showed positive growth. Net income was $190 million on GAAP basis, with adjusted EBITDA at $174 million and adjusted free cash flow at $113 million for the quarter. Capital allocation plan aims to return $350 million to shareholders in 2024. CEO emphasizes business transformation initiatives, local advertising performance, and future opportunities. Full-year and second quarter guidance metrics are provided for 2024. Strategic updates include partnerships with sports teams for broadcast, new series debuts, disinformation training for journalists, and credit rating affirmation by S&P Global.
TEGNA Inc. (NYSE: TGNA) and the Indiana Fever announced an expanded broadcast distribution partnership, adding 11 markets to air 17 Fever games for free in 2024. The games feature top players like Caitlin Clark and Aliyah Boston, with a 12-market footprint reaching 4.6 million homes. TEGNA collaborated with WNBA to include coverage in Iowa, highlighting a pivotal moment for women's sports. Games to be broadcast on various stations, offering a unique fan experience.
Greg Retsinas has been named president and general manager at KGW, TEGNA’s NBC affiliate in Portland, effective June 3. He brings extensive experience in content, digital, and sales strategy, with a strong track record of innovative storytelling and community partnerships. Retsinas's leadership at KGW has been characterized by integrity, curiosity, and accountability, making him well-suited to lead the station into the future.
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