Tysons, Va. & Los Angeles, CA - October 28, 2019 TEGNA Inc. (NYSE: TGNA) and Fox Corporation (Nasdaq: FOXA, FOX) ("FOX") today announced a comprehensive, multi-year deal that renews station affiliation agreements for six TEGNA markets, including three stations acquired last month from Nexstar Media Group.. (adsbygoogle = window.adsbygoogle || []).push({}); Ad-Free Login This page was last edited on 4 March 2023, at 07:53. Standard General National and International news is provided by the Associated Press as well as other TEGNA TV stations. TEGNA ended the quarter with total debt of $3.4 billion, producing net leverage of 3.39 times, more than a full turn below last year, achieving our previous full year guidance of low 3 times by. [3][4] It was created on June 29, 2015, when the Gannett Company split into two publicly traded companies. [29] The sale was approved by the FCC on July 29, 2019,[30] and was completed on August 8. Help other job seekers by rating TEGNA. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. Wrong-way driver stopped on I-10 Sunday morning, What Arizona lawmakers have to say about Wednesdays Iran briefing. TEGNA Inc. - 2020 Annual Report Letter To Shareholders Dear Fellow Shareholders, TEGNA's purpose is to serve the greater good of our communities through empowering stories, impactful investigations and innovative marketing services. Compared to 2020, fourth quarter AMS revenue was up slightly driven by strong growth in most categories including entertainment, services, and travel and tourism, partially offset by macroeconomic headwinds impacting, auto, insurance, and retail in this two-year comparison. interests.[49]. Tegna owns more than 60 local television stations in the U.S. and several other media properties. Tegna accused of 'broad pattern of bias and racially-insensitive Forward-looking statements are based on a number of assumptions about future events and are subject to various risks, uncertainties and other factors that may cause actual results to differ materially from the views, beliefs, projections and estimates expressed in such statements. On February 22, 2022, TEGNA Inc.and Standard General L.P. announcedthat TEGNAand an affiliate of Standard General entered into a definitive agreement under which TEGNAwill be acquired by the Standard General affiliate for $24.00per share in cash. They specifically cited statements by Standard General regarding plans for a Washington, D.C. bureau to produce content for local newscasts, and arguing that Tegna's stations had "too many employees". Employees seem to enjoy working in an otherwise diverse workplace that is dominated by members of the Democratic Party. GAAP and non-GAAP operating expenses of $2.3 billion were up five percent and four percent year-over-year, respectively, with the increases predominantly driven by investments in Premions growth and programming costs. The new agreement includes full carriage of the FOX broadcast network . TEGNAs employees deserve tremendous credit for their commitment to serving our viewers with high-quality news and content that informs and supports our local communities. The most directly comparable GAAP financial measure to free cash flow is Net income attributable to TEGNA. The closing of the transaction remains subject to the approval of the Federal Communications Commission (the "FCC") and customary closing conditions. Being a big, bold thinker/innovator and at times, disruptor, for the station. Each such statement speaks only as of the day it was made. The show, titled T.D. AMS revenue was $1.4 billion, down five percent year-over-year due to displacement driven by strong political revenue and continued macroeconomic headwinds. The reporting is factual and usually sourced. We have never been more certain of the importance of our role than we are today. You may also find additional information about the Companys directors and executive officers in the Companys definitive proxy statement for its 2021 annual meeting of stockholders, which was filed with the SEC on March 26, 2021 and in subsequently filed Current Reports on Form 8-K, Annual Reports on Form 10-K and Quarterly Reports on Form 10-Q. [37][46][47], The sale will also result in the realignment of station holdings presently associated with both companies: Standard Media's four stations WDKA, WLNE, KBSI, and KLKN will be sold to Cox Media Group, which will then divest its Boston station WFXT to an affiliate of Standard General, and acquire WFAA/KMPX, KHOU/KTBU, and KVUE, from Tegna.[37][46][47]. family responsibilities, disability, enrollment in college or vocational school, political . Local information is presented with minimally loaded wording such as this: Media Bias Fact Check offers a number of sustaining Ad-Free membership plans to fit your budget! [18] The range of programming on the network would be engineering and science, human achievements, military history and natural history. [17] Tegna would be the charter station group as such would receive a minority stake in the network, which launched in January 2018. TEGNA employees are most likely to be members of the democratic party. They also responded to objections by NewsGuild-CWA describing Standard General as "backed by anonymous investors located in the Cayman Islands", stating that the entirety of its board is represented by U.S. Cautionary Statement Regarding Forward-Looking Statements. Debmar-Mercury, however, is not participating in the production run, being replaced by independent company Flow Media Partners. Standard General is a minority-controlled and operated organization. The broadcasting company retained KPNX, which took the name TEGNA. The TEGNA Foundation supports nonprofit organizations in communities served by TEGNA Inc. The sale was approved by Standard General and Apollo Global Management on May 17, 2022. As part of the separation, the company announced that the broadcasting and digital company would be named Tegnaa partial anagram of "Gannett". About TEGNA. tegna inc political affiliation - blueskyma.com TEGNA DO NOT APPLY-METEOROLOGIST Job in Phoenix, AZ | Glassdoor [11][12] Shortly after, Tegna completed the spin-off of Cars.com, which now trades under a new ticker symbol, CARS. [31], In December 2019, Tegna agreed to sell KFMB-AM-FM to Local Media San Diego for $5 million;[32] the sale was completed on March 17, 2020. Anne Bentley Doug Kuckelman - Head of Investor Relations. TEGNA Inc. Reports Fourth Quarter and Full-Year 2022 Results TEGNA Inc. (TGNA) Up 3.4% Since Last Earnings Report: Can It Continue? Ad-Free Sign up In everything we do, we are driven by our strongly held values and our stated purpose to serve the greater good of our communities. Gracia Martore, president and CEO of Tegna, retired and stepped down from the board. Non-GAAP operating expenses less programming and Premion costs were down one percent compared to the fourth quarter of 2021. Weighted average number of common shares outstanding: The company uses non-GAAP financial performance measures to supplement the financial information presented on a GAAP basis. . The report covers the company's structure, operation, SWOT analysis, product and service offerings and corporate actions, providing a 360 view of the company Key Highlights TEGNA Inc (TEGNA) is a provider of media services. All plans give access to our growing exclusive content! TEGNA Inc. (TGNA) Up 0.8% Since Last Earnings Report: Can It Continue? Employees in the top 10 percent can make over $97,000 per year, while employees at the bottom 10 percent earn less than $32,000 per year. TEGNA Inc. Reports Fourth Quarter and Full-Year 2022 Results What you need to know from Costco's earnings call TEGNA Inc. Reports Fourth Quarter and Full-Year 2022 Results February 27,. TEGNA's third-quarter 2022 non-GAAP earnings of 65 cents per share missed the Zacks Consensus Estimate by 9.72% but increased 12.1% on a year-over-year basis. Several categories grew year-over-year such as entertainment, travel and tourism, services, and home improvement. This swot analysis features 13 companies, including Charter Communications Inc, Gray Television Inc, Comcast Corp, The E. W. Scripps Co, Google LLC, Meta Platforms Inc Users should consider the limitations of using Adjusted EBITDA, including the fact that this measure does not provide a complete measure of our operating performance. The Company undertakes no obligation to update or to revise any forward-looking statements. TEGNA achieved record net income of $631 million on a GAAP basis, or $637 million on a non-GAAP basis. Cooper Media's president and general manager Brian Weiss transferred to Tegna and continue managing the two networks. TEGNA Inc. (TGNA) CEO Dave Lougee on Q1 2021 Results - SeekingAlpha Interest expense decreased to $44 million compared to $46 million in the fourth quarter of 2021 due to lower average debt of $3.1 billion, resulting in net leverage of 2.44x. On February 22, 2022, TEGNA Inc. and Standard General L.P. announced that TEGNA and an affiliate of Standard General entered into a definitive agreement under which TEGNA will be acquired by the Standard General affiliate for $24.00 per share in cash. Posted: March 02, 2023. It has an unusually high proportion of employees who are members of the Democratic Party, at 87.0%. When used in this communication, the words "believes," "estimates," "plans," "expects," "should," "could," "outlook," and "anticipates" and similar expressions as they relate to the Company or its management are intended to identify forward-looking statements. The staff at TEGNA come from unusually diverse demographic backgrounds. Senior Vice President, Financial Planning & Analysis We calculated the performance score of companies by measuring multiple factors, including revenue, longevity, and stock market performance. [16], Tegna and Cooper Media, parent corporation of the Justice Network, announced on November 7, 2017, a new multicast network, Quest. Right Bias: How we rate the bias of media sources. TEGNA Parties Democratic Party 87.5 % - Republican Party 12.5 % - Employee Political Donations Under the terms of the definitive merger agreement, in addition to receiving $24.00 per share, TEGNA shareholders will receive additional cash consideration in the form of a ticking fee of $0.00167 per share per day (or $0.05 per month) if the closing occurs between the 9- and 12-month anniversary of signing, increasing to $0.0025 per share per day (or $0.075 per month) if the closing occurs between the 12- and 13-month anniversary of signing, $0.00333 per share per day (or $0.10 per month) if the closing occurs between the 13- and 14-month anniversary of signing, and $0.00417 per share per day (or $0.125 per month) if the closing occurs between the 14- and 15-month anniversary of signing. [35] On October 18, Dish Network filed a complaint with the Federal Communications Commission against Tegna. The most directly comparable GAAP financial measure to Adjusted EBITDA is Net income attributable to TEGNA. Hopefully, your team can look into this and get Tegna cleaned up from the top. TMS is a one-stop shop that helps businesses thrive through an unmatched suite of services and solutions that reach consumers across television, email, social and over-the-top (OTT) platforms, including Premion, TEGNA's OTT advertising service. Will Become Nations Largest Minority-Owned, Woman-Led Broadcast Group. Dear Mediacom Customer, As you may be aware, Tegna has been blocking Mediacom customers from watching the local broadcast stations it owns since December 31st. Despite its diversity in other areas, TEGNA employees are noticeably lacking in political diversity. TEGNA hiring Marketing and Commercial Producer in Macon, Georgia The purchase includes the WBNS television (CBS affiliate WBNS-TV) and radio (WBNS (AM) and WBNS-FM) stations in Columbus, the Ohio News Network, and NBC affiliate WTHR television in Indianapolis. TEGNA Employees Give Back to Their Local Communities During 2022, TEGNA employees gave back to their local communities by volunteering and donating to their favorite causes. The "new" Gannett inherited old Gannett's longtime ticker symbol, GCI. Owned by Sander Media from 2013 to 2015 and operated by Gannett/Tegna prior to its acquisition by Tegna Inc. in 2015. [email protected], For investor inquiries, contact: For more information, visit www.TEGNA.com. Across platforms, TEGNA tells empowering stories, conducts impactful investigations and delivers innovative marketing solutions. Company Participants. TEGNA Inc. (NYSE: TGNA) is an innovative media company that serves the greater good of our communities. Information regarding the persons who may, under the rules of the SEC, be deemed participants in the solicitation of the stockholders of the Company in connection with the proposed transaction, including a description of their respective direct or indirect interests, by security holdings or otherwise, will be included in the proxy statement when it is filed with the SEC. in the U.S. and several other media properties. The broadcasting company retained KPNX, which took the name, 12 News KPNX is owned and operated by TEGNA Inc., which operates 66 television stations in 54 markets. Also after closing, Premion is expected to operate as a standalone business majority owned by Cox Media Group and Standard General. TEGNA INC MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS (form 10-K) . Again, the wording is low biased such as this: What Arizona lawmakers have to say about Wednesdays Iran briefing. To serve the greater good of our communities. TEGNA (TGNA) and NBC Ink Multi-Year Deal to Renew . An obvious source for the justification is recent news. WZDX, the TEGNA-owned FOX affiliate in Huntsville AL, has an opening for an experienced, versatile Head of Technology and Operations. Moelis & Company and RBC are acting as financial advisor to Standard General and Fried Frank Harris Shriver & Jacobson LLP and Pillsbury Winthrop Shaw Pittman LLP are acting as its legal advisors. The transaction, which the. On February 22, 2022, TEGNA Inc. and Standard General L.P. announced that TEGNA and an affiliate of Standard General entered into a definitive agreement under which TEGNA will be acquired. Total company revenue was a record $3.3 billion, up ten percent year-over-year, driven by strong growth in political revenue and record subscription revenue despite AMS revenue declines as a result of political displacement and macroeconomic headwinds. Standard General and Tegna, MB Docket 22-162 | Federal Communications A new Securities and Exchange Commission (SEC) filing concerning Tegna includes accusations of "broad pattern of bias and racially-insensitive behavior" that were shared with the media company. We are excited to partner again with Deb McDermott, who previously spearheaded the broadcast group at Media General, where Standard General was a principal shareholder. TEGNA has great employee retention with staff members usually staying with the company for 5.1 years.
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