TEGNA Inc. operates as a media company in the United States. The company operates television stations that deliver television programming and digital content. It offers content and information to consumers across various platforms, including online, mobile, and social platforms; and owns and operates two multicast networks, True Crime Network that focuses on true-crime genre, and Quest that features factual-entertainment programs, such as science, history, and adventure-reality series. The company also provides solutions for advertisers through TEGNA Marketing Solutions (TMS). TMS delivers results for advertisers across television and digital platforms, as well as over-the-top (OTT) platforms, including Premion OTT advertising network. As of March 1, 2021, it operated 64 television stations in 51 markets. The company was formerly known as Gannett Co., Inc. and changed its name to TEGNA Inc. in June 2015. TEGNA Inc. was founded in 1906 and is headquartered in Tysons, Virginia.
IPO Year:
Exchange: NYSE
Website: tegna.com
Date | Price Target | Rating | Analyst |
---|---|---|---|
12/6/2023 | $22.00 → $17.00 | Neutral | JP Morgan |
5/5/2022 | $24.00 | Overweight → Equal Weight | Wells Fargo |
4/13/2022 | Buy → Hold | Argus | |
9/22/2021 | Outperform → Mkt Perform | Barrington Research |
Games to reach approximately 10 million people in Texas, nearly tripling the current number of households the Mavericks can reach across the state The Dallas Mavericks today announced a new multi-year broadcast rights agreement with TEGNA (NYSE:TGNA) to bring all Mavericks games not exclusively televised nationally to approximately 10 million people in Texas, for free over-the-air, nearly tripling the current number of households the Mavericks can reach across the state. Starting with the Mavs vs. Suns game on Oct. 26, TEGNA station KMPX Dallas-Ft. Worth (Ch. 29) will broadcast all games not exclusively televised nationally – 70 or more in the first season – for free over-the-air, with
TEGNA Inc. (NYSE:TGNA) today announced that Carrie Yates has been named president and general manager at WZDX, TEGNA's Fox affiliate serving Huntsville, Alabama, effective immediately. Yates has been the interim general manager since the retirement of Larry Audas this past spring. In her role, Yates is responsible for overseeing the station's operations across all platforms, as well as community outreach efforts and driving results for advertisers. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240829034638/en/Carrie Yates will lead station operations at TEGNA's WZDX in Huntsville, Alabama. (Photo: Business Wire) Yates has a tra
DENVER, Aug. 20, 2024 /PRNewswire/ -- ALLCITY Network, the operator of multi-platform local sports networks, has raised its Series B funding. The round is led by public broadcast company, TEGNA (NYSE:TGNA). Existing investors Mosaic General Partnership and Bullpen Capital also participated in the round. The TEGNA investment brings ALLCITY Network's total funding beyond $25M and further accelerates the company's position within the digital sports industry. In addition to the investment, ALLCITY and TEGNA have entered into a commercial agreement that encompasses cross-promotiona
TEGNA Inc. (NYSE:TGNA) today announced that Jim Kizer has been named president and general manager at WOI and KCWI, TEGNA's ABC and CW duopoly serving Des Moines, Iowa, effective immediately. Kizer adds these duties to his existing role as president and general manager at WQAD serving Quad Cities in Iowa and Illinois. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240814221602/en/Jim Kizer will lead station operations at TEGNA's WOI and KCWI in Des Moines, Iowa. (Photo: Business Wire) Kizer is a seasoned media executive with a track record of success in executive and sales leadership positions in the broadcast and media business
Mike Steib to succeed David Lougee as President, CEO and Director, effective August 12, 2024 Achieved second quarter key guidance metrics and reaffirms full-year guidance Returned $93 million of capital to shareholders, on track to meet commitment to return approximately $350 million of capital in 2024 Appointed two new independent Directors to the Board of Directors TEGNA Inc. (NYSE:TGNA) today announced financial results for the second quarter ended June 30, 2024. SECOND QUARTER FINANCIAL HIGHLIGHTS: All Year-Over-Year Comparisons Unless Otherwise Noted: Total company revenue decreased 3% to $710 million, at the midpoint of our guidance range, primarily due to lower subscri
TEGNA Inc.'s (NYSE:TGNA) Board of Directors declared a regular quarterly dividend of 12.5 cents per share, payable on October 1, 2024, to stockholders of record as of the close of business on September 6, 2024. In May 2024, TEGNA's Board approved a 10 percent increase to the Company's regular quarterly dividend, from 11.375 to 12.5 per share. This increase builds on a 20 percent increase to TEGNA's dividend in 2023. About TEGNA TEGNA Inc. (NYSE:TGNA) is an innovative media company that serves the greater good of our communities. Across platforms, TEGNA tells empowering stories, conducts impactful investigations and delivers innovative marketing solutions. With 64 television stations i
Gray Media stations in Anchorage and Juneau will broadcast all locally available Seattle Kraken games, free over-the-air beginning with the 2024-2025 season TEGNA Inc. (NYSE:TGNA), the Seattle Kraken and Gray Media (NYSE:GTN) today announced that Gray's KAUU in Anchorage and KYEX in Juneau will expand the Kraken broadcast network into The Last Frontier. This follows the recent announcement that TEGNA will broadcast all locally available Kraken games, approximately 70 regular season games each year, on KING 5 and KONG in Seattle, KGW in Portland and KREM and KSKN in Spokane. Additional broadcast partners in Washington and Oregon are expected to be announced in the coming weeks. "Our part
NEW YORK, July 11, 2024 (GLOBE NEWSWIRE) -- Olaplex Holdings, Inc. (NASDAQ:OLPX) ("OLAPLEX" or "the Company") today announced the appointment of two highly seasoned leaders to its executive team. Catherine Dunleavy will join OLAPLEX as Chief Operating Officer and Chief Financial Officer, effective August 13, and Katie Gohman will join the Company as Chief Marketing Officer, effective July 15. Ms. Dunleavy brings more than two decades of experience driving the strategy and performance of premier consumer brands. Most recently, she served as President, and, prior to that, as Chief Financial Officer at Away, following tenures at Nike, Comcast, NBCUniversal, and GE. In her new role, she will
TEGNA Inc. (NYSE:TGNA) today announced that Christopher Franklin has been named president and general manager at WATN and WLMT, TEGNA's ABC and CW duopoly serving Memphis, Tennessee, effective immediately. Franklin has been serving as interim GM since earlier this year. In this role, Franklin will be responsible for overseeing the stations' operations across all platforms, as well as community outreach efforts and driving results for advertisers. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240625064165/en/Christopher Franklin will lead station operations at TEGNA's WATN and WLMT in Memphis, Tennessee. (Photo: Business Wire) F
Board Also Appoints Two New Independent Directors TEGNA Inc. (NYSE:TGNA) today announced that Michael Steib, 48, will succeed David Lougee, 65, as President, CEO and a Director as of August 12, 2024. At that time, Lougee will retire from these roles and become Senior Advisor. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240617538030/en/Michael Steib named President, CEO and Director of TEGNA Inc. (Photo: Business Wire) Steib is currently CEO of Artsy, the world's largest online platform for discovering and collecting art, after serving as President and CEO of XO Group (NYSE:XOXO), parent company of The Knot. Previously, he s
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JP Morgan resumed coverage of TEGNA with a rating of Neutral and set a new price target of $17.00 from $22.00 previously
Wells Fargo downgraded TEGNA from Overweight to Equal Weight and set a new price target of $24.00
Argus downgraded TEGNA from Buy to Hold
Barrington Research downgraded TEGNA from Outperform to Mkt Perform
Mike Steib to succeed David Lougee as President, CEO and Director, effective August 12, 2024 Achieved second quarter key guidance metrics and reaffirms full-year guidance Returned $93 million of capital to shareholders, on track to meet commitment to return approximately $350 million of capital in 2024 Appointed two new independent Directors to the Board of Directors TEGNA Inc. (NYSE:TGNA) today announced financial results for the second quarter ended June 30, 2024. SECOND QUARTER FINANCIAL HIGHLIGHTS: All Year-Over-Year Comparisons Unless Otherwise Noted: Total company revenue decreased 3% to $710 million, at the midpoint of our guidance range, primarily due to lower subscri
TEGNA Inc.'s (NYSE:TGNA) Board of Directors declared a regular quarterly dividend of 12.5 cents per share, payable on October 1, 2024, to stockholders of record as of the close of business on September 6, 2024. In May 2024, TEGNA's Board approved a 10 percent increase to the Company's regular quarterly dividend, from 11.375 to 12.5 per share. This increase builds on a 20 percent increase to TEGNA's dividend in 2023. About TEGNA TEGNA Inc. (NYSE:TGNA) is an innovative media company that serves the greater good of our communities. Across platforms, TEGNA tells empowering stories, conducts impactful investigations and delivers innovative marketing solutions. With 64 television stations i
TEGNA Inc. (NYSE:TGNA) will host a conference call to discuss its second quarter 2024 earnings results on Wednesday, August 7, 2024, at 10 a.m. (ET). The conference call will be webcast through the company's website, and is open to investors, the financial community, the media and other members of the public. To access the meeting by phone, please visit investors.TEGNA.com at least 10 minutes prior to the scheduled start time to access the links and register before the conference call begins. Once registered, phone participants will receive dial-in numbers and a unique PIN to seamlessly access the call. TEGNA's earnings announcement will be released to news outlets and wire services b
Achieves first quarter key guidance metrics and reaffirms full-year guidance Returns more than $100 million of capital to shareholders during the quarter, on track to meet commitment to return approximately $350 million of capital in 2024 Increases regular quarterly dividend by 10% Expects previously announced business transformation initiatives to generate $90-$100 million of annualized cost savings exiting 2025 Integration of Octillion Media's cutting-edge technology into Premion is underway, will drive enhanced revenue growth and performance in local CTV/OTT TEGNA Inc. (NYSE:TGNA) today announced financial results for the first quarter ended March 31, 2024. FIRST QUARTER FINA
TEGNA Inc. (NYSE:TGNA) will host a conference call to discuss its first quarter 2024 earnings results on Wednesday, May 8, 2024, at 10 a.m. (ET). The conference call will be webcast through the company's website, and is open to investors, the financial community, the media and other members of the public. To access the meeting by phone, please visit investors.TEGNA.com at least 10 minutes prior to the scheduled start time to access the links and register before the conference call begins. Once registered, phone participants will receive dial-in numbers and a unique PIN to seamlessly access the call. TEGNA's earnings announcement will be released to news outlets and wire services befor
Reports full-year 2023 results which met or exceeded all full-year 2023 guidance metrics Provides full-year 2024 outlook and free cash flow guidance for 2024-2025 Plans to return 40-60% of 2024-2025 free cash flow to shareholders through new capital allocation framework; represents an expected return of capital of $1.3 billion from the date of merger termination through 2025, with $350 million commitment in 2024 Received $153 million of pre-tax cash proceeds from the sale of ownership interest in BMI (Broadcast Music, Inc.) Board authorizes new two-year $650 million share repurchase to capitalize on industry-leading balance sheet and leverage position TEGNA Inc. (NYSE:TGNA) today
TEGNA Inc.'s (NYSE:TGNA) Board of Directors declared a regular quarterly dividend of 11.375 cents per share, payable on April 1, 2024, to stockholders of record as of the close of business on March 8, 2024. About TEGNA TEGNA Inc. (NYSE:TGNA) is an innovative media company that serves the greater good of our communities. Across platforms, TEGNA tells empowering stories, conducts impactful investigations and delivers innovative marketing solutions. With 64 television stations in 51 U.S. markets, TEGNA is the largest owner of top 4 network affiliates in the top 25 markets among independent station groups, reaching approximately 39 percent of all television households nationwide. TEGNA also
TEGNA Inc. (NYSE:TGNA) today announced that Premion, LLC, its industry-leading premium Connected TV (CTV)/Over-the-Top (OTT) advertising platform for regional and local advertisers, has signed an agreement and simultaneously closed on the acquisition of Octillion Media. Octillion is a next-generation demand-side platform (DSP) focused on Local CTV/OTT advertising. The acquisition will expand Premion's capabilities in the growing CTV marketplace by combining Octillion's cutting-edge technology with Premion's award-winning local CTV/OTT advertising solution. "Octillion is precisely the type of smart bolt-on acquisition we have long considered to accelerate our already successful organically
TEGNA Inc. (NYSE:TGNA) will host a conference call to discuss its fourth quarter and full-year 2023 earnings results on Thursday, February 29, 2024, at 10 a.m. (ET). The conference call will be webcast through the company's website, and is open to investors, the financial community, the media and other members of the public. To access the meeting by phone, please visit investors.TEGNA.com at least 10 minutes prior to the scheduled start time to access the links and register before the conference call begins. Once registered, phone participants will receive dial-in numbers and a unique PIN to seamlessly access the call. TEGNA's earnings announcement will be released to news outlets and
Increases shareholder return of capital commitment to nearly $800 million this year through accelerated share repurchase ("ASR") programs, settlement of merger termination fee, and incremental opportunistic repurchases in the open market Completes initial $300 million ASR program on August 31, 2023, ahead of schedule Completes multi-year affiliation agreement renewal with ABC Achieves record third quarter subscription revenue and continues sequential improvement in advertising and marketing services revenue TEGNA Inc. (NYSE:TGNA) today announced financial results for the third quarter ended September 30, 2023. THIRD QUARTER FINANCIAL HIGHLIGHTS1: Total company revenue of $713 m
Gray's KAUU And KYEX To Air Games; TEGNA Also Broadcasting Kraken Games On KING 5, KONG, KGW, KREM, And KSKN
Board Also Appoints Two New Independent DirectorsTEGNA Inc. (NYSE:TGNA) today announced that Michael Steib, 48, will succeed David Lougee, 65, as President, CEO and a Director as of August 12, 2024. At that time, Lougee will retire from these roles and become Senior Advisor.
On CNBC's “Mad Money Lightning Round,” Jim Cramer said Apple Inc. (NASDAQ:AAPL) is a “buy here.” Apple's iPhone sales in China increased by 52% year-on-year in April, Reuters cited from industry reports. When asked about Palantir Technologies Inc. (NYSE:PLTR), he said, “It's very tough to understand what they really do for the government. So, therefore, I am no longer going to say that that's a stock to own.” On May 6, Palantir said first-quarter revenue increased 21% year-over-year to $634 million, which beat the consensus estimate of $625.431 million. Axcelis Technologies, Inc. (NASDAQ:ACLS) is a “very good semiconductor that's been left behind,” Cramer said. “I find that very
The increased dividend announced today will be in effect for quarterly dividend payments, beginning with the July 1, 2024 payment, to stockholders of record as of the close of business on June 7, 2024.
Tegna (NYSE:TGNA) reported quarterly earnings of $0.45 per share which beat the analyst consensus estimate of $0.43 by 4.65 percent. This is a 4.26 percent decrease over earnings of $0.47 per share from the same period last year. The company reported quarterly sales of $714.25 million which missed the analyst consensus estimate of $717.96 million by 0.52 percent. This is a 3.52 percent decrease over sales of $740.33 million the same period last year.
The Indiana Fever and TEGNA have announced an agreement to air select Fever games for free on WTHR and WALV in IndianapolisThe announcement follows on the heels of the Fever's historic 2024 draft and a renewed excitement by fans across the basketball world for the Fever, one of the WNBA's most successful franchisesFresh off a historic WNBA draft night and broad fan excitement for one of the League's most successful franchises, the Indiana Fever and TEGNA Inc. (NYSE:TGNA) today announced a partnership to broadcast select Fever games during the 2024 season. Seventeen games will be shown for free over the air on WTHR or WALV, TEGNA's NBC and MeTV affiliates in Indianapolis, giving fans across c
During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high dividend payout. Benzinga readers can review the latest analyst takes on their favorite stocks by visiting our Analyst Stock Ratings page. Traders can sort through Benzinga's extensive database of analyst ratings, including by analyst accuracy . Below are the ratings of the most accurate analysts for three high-yielding stocks in the communication services sector. TEGNA Inc. (NYSE:TGNA) Dividend Yield: 3.22% JP Morgan analyst David Karnovsky maintained a Neutral rating and cut the pr
NEW YORK, July 11, 2024 (GLOBE NEWSWIRE) -- Olaplex Holdings, Inc. (NASDAQ:OLPX) ("OLAPLEX" or "the Company") today announced the appointment of two highly seasoned leaders to its executive team. Catherine Dunleavy will join OLAPLEX as Chief Operating Officer and Chief Financial Officer, effective August 13, and Katie Gohman will join the Company as Chief Marketing Officer, effective July 15. Ms. Dunleavy brings more than two decades of experience driving the strategy and performance of premier consumer brands. Most recently, she served as President, and, prior to that, as Chief Financial Officer at Away, following tenures at Nike, Comcast, NBCUniversal, and GE. In her new role, she will
Board Also Appoints Two New Independent Directors TEGNA Inc. (NYSE:TGNA) today announced that Michael Steib, 48, will succeed David Lougee, 65, as President, CEO and a Director as of August 12, 2024. At that time, Lougee will retire from these roles and become Senior Advisor. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240617538030/en/Michael Steib named President, CEO and Director of TEGNA Inc. (Photo: Business Wire) Steib is currently CEO of Artsy, the world's largest online platform for discovering and collecting art, after serving as President and CEO of XO Group (NYSE:XOXO), parent company of The Knot. Previously, he s
Shareholders of TEGNA Inc. (NYSE:TGNA) today overwhelmingly approved the re-election of nine Board members and an advisory resolution on the compensation of the company's named executive officers. TEGNA shareholders re-elected Board Chairman Howard D. Elias, president and CEO Dave Lougee, Gina L. Bianchini, Stuart J. Epstein, Karen H. Grimes, Scott K. McCune, Henry W. McGee, Neal B. Shapiro and Melinda C. Witmer to the Board of Directors at the company's annual meeting held this morning. Directors will serve one-year terms ending at TEGNA's 2025 annual meeting. At the meeting, TEGNA's shareholders also ratified the appointment of PricewaterhouseCoopers LLP as the company's independent r
TEGNA Inc. (NYSE:TGNA) today announced that WFAA, its Dallas-Fort Worth ABC affiliate, has partnered with the Dallas Mavericks to bring 10 additional games to the WFAA broadcast schedule. Combined with the Mavericks games already slated to air as part of the NBA on ABC between now and the end of the season, Mavericks' fans across Dallas-Fort Worth will now have access to 13 free over-the-air games in the span of 11 weeks. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240122962478/en/Mavericks' fans across Dallas-Fort Worth will have access to 13 free games on WFAA-TV through its free over-the-air broadcasts and through its broa
TEGNA Inc. (NYSE:TGNA) today announced that Brian Gregory has been named president and general manager at WVEC, TEGNA's ABC affiliate serving the Hampton Roads region of Virginia and northeastern North Carolina, effective December 18. Gregory will be responsible for overseeing the station's operations across all platforms, as well as community outreach efforts and driving results for advertisers. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20231208750555/en/Brian Gregory will lead station operations at TEGNA's WVEC-TV in Norfolk, Va. (Photo: Business Wire) Gregory joins WVEC from KDVR/KWGN in Denver where he served as news dire
TEGNA Inc. (NYSE:TGNA) today announced the appointment of Lauren Fisher as senior vice president and chief legal officer, effective November 27. Fisher will serve as a member of the company's leadership team, reporting directly to president and CEO Dave Lougee. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20231109369159/en/Lauren Fisher named chief legal officer at TEGNA. (Photo: Business Wire) As chief legal officer, Fisher will lead the Company's legal department and oversee all legal functions across a broad range of disciplines including corporate, content creation and distribution, regulatory, ethics and compliance, and lit
TEGNA Inc. (NYSE:TGNA) today announced that Doug Wieder has been named president and general manager at KARE, TEGNA's NBC affiliate in Minneapolis, effective October 30. Wieder will be responsible for overseeing the station's operations across all platforms, as well as community outreach efforts and driving results for advertisers. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20231012988456/en/Doug Wieder will lead station operations at TEGNA's KARE-TV in Minneapolis. (Photo: Business Wire) Wieder joins KARE from TEGNA station WVEC, the ABC affiliate in Norfolk, Va., where he has been president and general manager since 2019. Du
TEGNA Inc. (NYSE:TGNA) today announced that Kristie Gonzales has been named president and general manager at WXIA, TEGNA's NBC affiliate in Atlanta, and WATL, effective October 23. She will continue as vice president, media operations for TEGNA. At WXIA/WATL, Gonzales will be responsible for overseeing the stations' operations across all platforms, as well as community outreach efforts and driving results for advertisers. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230929496354/en/Kristie Gonzales will lead station operations at TEGNA's WXIA-TV and WATL-TV in Atlanta. (Photo: Business Wire) Since 2016, Gonzales has been presi
TEGNA Inc. (NYSE:TGNA) today announced that Carrie Hofmann has been named president and general manager of WLTX, TEGNA's CBS affiliate in Columbia, SC, effective October 2. Hofmann will be responsible for overseeing the station's operations across all platforms, as well as community outreach efforts and driving results for advertisers. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230906364867/en/Carrie Hofmann has been named president and general manager at TEGNA's WLTX-TV. (Photo: Business Wire) Since 2020, Hofmann has been news director at WCNC, TEGNA's NBC affiliate in Charlotte, NC, and has led the station to impressive ra
Shareholders of TEGNA Inc. (NYSE:TGNA) today overwhelmingly approved the re-election of nine Board members and an advisory resolution on the compensation of the company's named executive officers. TEGNA shareholders re-elected Board Chairman Howard D. Elias, president and CEO Dave Lougee, Gina L. Bianchini, Stuart J. Epstein, Karen H. Grimes, Scott K. McCune, Henry W. McGee, Neal Shapiro and Melinda C. Witmer to the Board of Directors at the company's annual meeting held this morning. Directors will serve one-year terms ending at TEGNA's 2024 annual meeting. Lidia Fonseca and Bruce P. Nolop each retired from TEGNA's Board of Directors today after serving the company for nine and eight yea