Group 1 - TEGNA Inc. declared a regular quarterly dividend of 12.5 cents per share, payable on April 1, 2025, to stockholders of record as of March 7, 2025 [1] - TEGNA operates 64 television stations across 51 U.S. markets, reaching over 100 million people monthly through various platforms [2] - The company provides customized marketing solutions to help businesses grow and thrive [2] Group 2 - TEGNA's press release includes forward-looking statements regarding future financial and operating results, which are subject to risks and uncertainties [3] - The company emphasizes that expectations reflected in forward-looking statements may not be achieved and may change without notice [3]

TYSONS, Va., Jan. 22, 2025 (GLOBE NEWSWIRE) -- TEGNA Inc. (NYSE: TGNA) will host a conference call to discuss its fourth quarter and full-year 2024 earnings results on Thursday, February 27, 2025, at 9 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 ...

TYSONS, Va., Jan. 06, 2025 (GLOBE NEWSWIRE) -- TEGNA Inc. (NYSE:TGNA) today announced that Scott Dempsey has been named president and general manager at WLTX, TEGNA's CBS affiliate serving Columbia, South Carolina, effective today. In his role, Dempsey is responsible for overseeing the station's operations across all platforms, as well as driving results for advertisers.  Dempsey was vice president and general manager at WBTV, a market-leading CBS affiliate in Charlotte, North Carolina, from 2015-2022. Duri ...

Scott Dempsey Scott Dempsey will lead station operations at TEGNA's WLTX-TV serving Columbia, South Carolina. TYSONS, Va., Jan. 06, 2025 (GLOBE NEWSWIRE) -- TEGNA Inc. (NYSE: TGNA) today announced that Scott Dempsey has been named president and general manager at WLTX, TEGNA’s CBS affiliate serving Columbia, South Carolina, effective today. In his role, Dempsey is responsible for overseeing the station’s operations across all platforms, as well as driving results for advertisers. Dempsey was vice presi ...

After underperforming much of the past year, shares of TEGNA (NYSE: TGNA ) have rallied substantially over the past two months, boosted by elevated political spending and a better than expected set of Q3 results. I last covered shares inOver fifteen years of experience making contrarian bets based on my macro view and stock-specific turnaround stories to garner outsized returns with a favorable risk/reward profile. If you want me to cover a specific stock or have a question for an article, just let me know! ...

TEGNA’s (TGNA) third-quarter 2024 non-GAAP earnings of 94 cents per share beat the Zacks Consensus Estimate by 13.25% and increased 141.02% on a year-over-year basis.TGNA’s earnings beat the Zacks Consensus Estimate in three of the four trailing quarters, while missing once, with the average surprise being 3.22%.Find the latest EPS estimates and surprises on Zacks Earnings Calendar.Revenues increased 13% year over year to $806.8 million, beating the Zacks Consensus Estimate by 1.82%. The year-over-year incr ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number 1-6961 TEGNA INC. (Exact name of registrant as specified in its charter) Delaware 16-0442930 (State or other jurisdiction of incorporation or organization) (I.R.S. Employer ...

Financial Data and Key Metrics Changes - Total company revenue for Q3 2024 increased 13% year-over-year to $807 million, exceeding guidance of 9% to 12% growth [12] - Subscription revenue decreased 6% year-over-year to $356 million [14] - Political advertising revenue year-to-date through election day reached approximately $375 million, nearly matching 2020 levels [15] - Total cash and cash equivalents totaled $536 million at the end of Q3 [19] - Net leverage finished the quarter at 2.8x, below the 3x annual guidance [19] Business Line Data and Key Metrics Changes - Core linear advertising was up in Q3, driven by Olympic sales, with a 35% growth in total hours watched for the Paris games compared to the Tokyo games [13] - Advertising and marketing services (AMS) revenue was up slightly year-over-year, with local advertising performance strong across several categories [12][13] - Premion experienced challenges in Q3 but is expected to return to growth in Q4, particularly in local advertising [34] Market Data and Key Metrics Changes - Traditional pay TV homes have been declining 5% to 7% per year, with cable and satellite homes declining in the teens [4] - The company reaches approximately 100 million people monthly across various platforms, indicating strong audience engagement [5] Company Strategy and Development Direction - The company is focusing on five key opportunities: enhancing team culture and accountability, reviewing organizational structures, leveraging technology for efficiency, expanding digital reach, and scrutinizing expenses [7][8] - There is a strong emphasis on local news and the importance of maintaining trusted brands in a competitive environment [5] - The company is committed to returning 40% to 60% of adjusted free cash flow to shareholders over 2024 and 2025 [19] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the company's future, highlighting a sense of urgency and energy within the organization [9] - The regulatory environment is seen as a potential area for change, with hopes for a more favorable FCC [24][25] - The company is reaffirming its full-year 2024 guidance metrics and expects Q4 revenue to be up 19% to 21% year-over-year, driven by political advertising [20] Other Important Information - The company is on track to achieve $90 million to $100 million in core annualized savings by the end of 2025 [18] - A new Chief Legal Officer, Alex Tolston, has joined the company, expected to make a significant impact [10] Q&A Session Summary Question: Opportunities with the FCC and cash flow allocation - Management is hopeful for regulatory changes that could unlock value for shareholders and is focused on making smart capital allocation decisions [24][25] Question: Expense growth and cost reduction - Management confirmed a focus on cost reduction in legacy businesses while preparing for growth in other areas [27] Question: Philosophical differences in management outlook - Management emphasized a renewed focus on execution and product quality, alongside cost management [32] Question: Premion's growth trajectory - Premion faced challenges in Q3 but is expected to return to growth in Q4, particularly in local advertising [34] Question: Local sports rights and profitability - Management is optimistic about local sports rights opportunities and aims to ensure profitability from these investments [49][50] Question: TV advertising trends post-election - Advertising trends are mixed, with some signs of resilience but overall cautious spending from advertisers [42] Question: Political advertising share between broadcast and Premion - Broadcast remains dominant in political advertising, with Premion capturing some national political dollars but not significantly [45]

For the quarter ended September 2024, TEGNA Inc. (TGNA) reported revenue of $806.83 million, up 13.1% over the same period last year. EPS came in at $0.94, compared to $0.39 in the year-ago quarter.The reported revenue represents a surprise of +1.82% over the Zacks Consensus Estimate of $792.44 million. With the consensus EPS estimate being $0.83, the EPS surprise was +13.25%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determin ...

TEGNA Inc. (TGNA) came out with quarterly earnings of $0.94 per share, beating the Zacks Consensus Estimate of $0.83 per share. This compares to earnings of $0.39 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 13.25%. A quarter ago, it was expected that this company would post earnings of $0.49 per share when it actually produced earnings of $0.50, delivering a surprise of 2.04%.Over the last four quarters, the company has su ...