Also, our non-GAAP measures may not be comparable to similarly titled measures of other companies. TEGNA achieved net income of $219 million on a GAAP basis, or $221 million on a non-GAAP basis. For more information, visit www.TEGNA.com. Bias Rating: LEAST BIASED This position will report directly to the Regional Head of Technology and Operations. Achieved record year for company revenue, subscription revenue, net income, and Adjusted EBITDA, Achieved sustained progress toward TEGNAs 2025 Diversity, Equity and Inclusion (DE&I) goals to grow Black, Indigenous and People of Color (BIPOC) representation in company leadership as well as content teams. We have never been more certain of the importance of our role than we are today. In addition, we have excluded certain income tax special items associated with a valuation allowance on a deferred tax asset related to an equity method investment, a partial capital loss valuation allowance release, and deferred tax benefits related to state tax planning strategies. 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. Total company Adjusted EBITDA2 was a record of $1.1 billion, representing an increase of 19 percent compared to 2021 driven by high-margin political and subscription revenues, as well as ongoing cost management to ensure efficient operations. The company, therefore, believes that each of the non-GAAP measures presented provides useful information to investors and other stakeholders by allowing them to view our business through the eyes of management and our Board of Directors, facilitating comparisons of results across historical periods and focus on the underlying ongoing operating performance of our business. WTHR in Indianapolis is looking for a talented and experienced sports anchor and multi-skilled journalist to join the 13Sports team in an extremely competitive sports market. 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. Ad-Free Sign up 12 News KPNX is owned and operated by TEGNA Inc., which operates 66 television stations in 54 markets. We are looking for proven leader with strong technical judgment, effective communication skills, possessing an . Adjusted EBITDA is not intended to purport to be an alternate to net income as a measure of operating performance or to cash flows from operating activities as a measure of liquidity. Cautionary Statement Regarding Forward-Looking Statements. Will Become Nations Largest Minority-Owned, Woman-Led Broadcast Group. TEGNA is currently evaluating its options. TEGNA (TGNA) and NBC extend partnership with multi-year deal to renew station affiliation agreements for 20 TEGNA markets in the United States. The allegations in Thursdays filing were made in a six-page, single-spaced letter given to shareholder Standard General, which in turn shared them with Tegna. Tegna accused of 'broad pattern of bias and racially-insensitive We believe TEGNA has a strong foundation and exciting prospects for continued growth as a result of the stewardship of the Board and the current management team. Compared to 2020, Adjusted EBITDA was up 11 percent reflecting growth in AMS and subscription revenues, partially offset by reduced high-margin political revenue due to the absence of presidential advertising spending. NEW YORK and TYSONS, Va., June 6, 2019 /PRNewswire/ -- CBS Corporation (NYSE: CBS.A and CBS) and TEGNA Inc. (NYSE: TGNA) today announced a comprehensive, multi-year deal that renews station affiliation agreements for 11 TEGNA markets nationwide, including two top 10 markets - Washington, D.C. and Houston, Texas. Unaudited, in thousands of dollars (except per share amounts), Business units - Selling, general and administrative expenses, Corporate - General and administrative expenses, Spectrum repacking reimbursements and other, net, Equity loss in unconsolidated investments, net, Net income attributable to redeemable noncontrolling interest. TEGNA Inc. is a proud equal opportunity employer. TEGNA Inc. (NYSE: TGNA) today announced financial results for the second quarter ended June 30, 2022. . Tegna Inc. (stylized in all caps as TEGNA) is an American publicly traded broadcast, digital media and marketing services company headquartered in Tysons Corner, Virginia. Sunday shows preview: US-China relations remain on shaky ground, 2024 election looms. Locked On Scores a Record Year Locked On Podcast Network, which provides in-depth local coverage of every NBA, NFL, MLB and NHL team plus major college sports teams, grew its total audience by 89 percent in 2022 and delivered more than 217 million podcast listens and views across platforms. These achievements are a credit to the hard work of TEGNAs dedicated employees, who are the Companys most valuable asset. [21], On August 20, 2018, Tegna agreed to purchase two stations spun off from the Gray Television-Raycom Media merger, CBS affiliate WTOL-TV in Toledo (the sale likely includes rights to an existing shared services agreement with American Spirit Media-owned Fox affiliate WUPW) and NBC affiliate KWES-TV in Odessa in order to alleviate ownership conflicts involving Gray's ownership of ABC affiliate WTVG in the Toledo market and CBS affiliate KOSA-TV in the Odessa market. In connection with the proposed transaction, the Company will file relevant materials with the U.S. Securities and Exchange Commission (the SEC), including a proxy statement on Schedule 14A. As community needs differ by region, please check with your local Community Grant contact to learn what needs are being addressed in your area. In comparison, the salaries at Central Newspapers, Florida Today, and THV11 are $49,030, $43,214, and $40,711. Deb McDermott is an experienced and accomplished broadcast executive, and we are confident in TEGNAs future under her leadership., Ms. McDermott commented, I am honored to lead TEGNAs team to create new opportunities and build on its heritage and successes achieved under Daves leadership. The reporting is factual and usually sourced. Tegna also retained G/O Digital, a digital marketing services brand that it launched in August 2013, and the 20 broadcast stations it acquired from Belo Corporation in December 2013 and the six stations it acquired from London Broadcasting Company in July 2014. See Where Major Companies Lean Politically - Fast Company TEGNA Traffic Anchor/MSJ Job in Washington, DC | Glassdoor TEGNA Inc. (NYSE: TGNA) is an innovative media company that serves the greater good of our communities. GAAP earnings per diluted share were $2.81 and non-GAAP earnings per diluted share were $2.83. Management and the companys Board of Directors use non-GAAP financial measures for purposes of evaluating company performance. [4][9][10], In September 2016, Tegna announced plans to spin off Cars.com to create two independent publicly traded companies. The filing comes less than a month after media attorney and consultant Adonis Hoffman withdrew himself from the bid to be nominated as a board member for Tegna, citing an incident where CEO Dave Lougee assumed he was a hotel valet, and also potential conflicts of interest. [17] Tegna would be the charter station group as such would receive a minority stake in the network, which launched in January 2018. Standard General Where do news sources fall on the political bias spectrum? - "Fake News TEGNA Inc. (NYSE: TGNA) is an innovative media company that serves the greater good of our communities. tegna inc political affiliation - blueskyma.com [7] The spin-out was structured so that "old" Gannett changed its name to Tegna, Inc., then spun off its newspaper holdings into a "new" Gannett. [19], On December 18, 2017, Tegna announced it would acquire KFMB-AM-FM-TV in San Diego from Midwest Television, Inc. for $325 million, pending approval from the Federal Communications Commission. TEGNA also owns leading multicast networks True Crime Network and Quest. Revenues increased 6.2% year over . With 63 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. Wrong-way driver stopped on I-10 Sunday morning, What Arizona lawmakers have to say about Wednesdays Iran briefing. TEGNA Inc. Reports Third Quarter 2022 Results | TEGNA Inc. The Company will mail to its stockholders a definitive proxy statement in connection with the proposed transaction. TEGNA Inc. (TGNA) Up 3.4% Since Last Earnings Report: Can It Continue? Pay is not commensurate with experience and talent. Does Mexico want to be the next Nicaragua? All waiting periods under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended, applicable to the Merger and related transactions have expired. Dave Lougee is President/CEO at Tegna Inc. See Dave Lougee's compensation, career history, education, & memberships. The 11 markets renewed cover . TEGNA Employee Political Affiliation TEGNA employees are most likely to be members of the Democratic Party. With 63 television stations in 51 U.S. markets, TEGNA is the largest owner of top 4 network affiliates in the top . 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. Other Nexstar/Tribune stations going to Tegna are WZDX/Huntsville, KFSM-TV/Fort SmithFayetteville, WTIC-TVWCCT-TV/Hartford, and WATN-TVWLMT/Memphis. TEGNA Inc. (TGNA) Up 3.4% Since Last Earnings Report: Can It Continue? The network saw over 800 million minutes of watch time in 2022, a 502 percent increase year-over-year. With 63 television stations in 51 U.S. markets, TEGNA is the largest owner of top 4 network . Howard D. Elias, Chairman of the TEGNA Board, said, We are pleased to have reached this agreement with Standard General, which follows a thorough review of acquisition proposals received by the Company. As a result of the pending transaction and as previously announced, TEGNA expects to continue to pay its regular quarterly dividend through the closing of the transaction, but has suspended share repurchases under our previously announced share repurchase program. In regards to other rumored offers from Byron Allen and religious broadcaster TBN (the latter in partnership with Jahm Najafi), the company stated that "the other two parties have not signed confidentiality agreements to enable due diligence and have not delivered any information on financing sources". We look forward to building on the Companys strong foundation and leveraging Debs deep industry experience to drive further growth.. . 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. Because of this, WHEC-TV and WDAN-TV are the only television stations built from the ground-up by Gannett. For more information, visitwww.TEGNA.com. TEGNA (TGNA) and NBC Ink Multi-Year Deal to Renew Affiliation The company also believes these non-GAAP measures are frequently used by investors, securities analysts and other interested parties in their evaluation of our business and other companies in the broadcast industry. National and International news is provided by the Associated Press as well as other TEGNA TV stations. [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. That is where the problem is and will remain unless exposed. [54], Other shows Tegna Media has on first-run syndication across most of its stations are Sister Circle (also shown on cable network TV One),[55] and reality competition Sing Like A Star. 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. [15] In June 2017, Tegna announced it had entered into a definitive agreement, together with the other owners of CareerBuilder, to sell CareerBuilder to an investor group led by investments funds managed by affiliates of Apollo Global Management and the board of the Ontario Teachers Pension Plan. TEGNA also owns leading multicast networks True Crime Network, Twist and Quest. The most common ethnicity at TEGNA is White (60%). The document was filed with the SEC by Standard General. 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. TEGNA stockholders voted to approve the transaction at the special meeting of stockholders held on May 17, 2022. We have clear processes for promptly investigating and addressing inappropriate workplace conduct at all levels of the organization. All plans give access to our growing exclusive content! The transaction has an equity value of approximately $5.4 billion and an enterprise value of approximately $8.6 billion, including the assumption of debt. Total company revenue was down two percent from the fourth quarter of 2020 due to reduced political revenue compared to 2020s presidential election cycle, partially offset by record fourth quarter subscription revenue in 2022. Help us make this company more transparent. TEGNA Inc. Reports Fourth Quarter and Full-Year 2022 Results The document was filed with the SEC by Standard Generalin preparation forTegnas annual shareholders meeting scheduled for May 7. enrollment in college or vocational school, political affiliation, veteran . Our purpose is to serve the greater good of our communities through empowering stories, impactful investigations and innovative marketing services. TEGNA and FOX Renew Affiliation Agreement - foxcorporation 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. The Company undertakes no obligation to update or to revise any forward-looking statements. Head of Technology & Chief Engineer job in Huntsville at Tegna Gannett Company spun-off most of its internet media properties to Tegna. (Press Release). At all levels, we have been tireless in our efforts to ensure TEGNA effectively serves all of our stakeholders, and I am immensely proud of these efforts. In 2015, Gannett spun off Tegna as a separate public company. [24], On March 20, 2019, Tegna entered an agreement with Nexstar Media Group to acquire eleven stations for $740 million in order to reduce Nexstar's national ownership reach under the federally imposed 39% cap and alleviate ownership conflicts with existing Nexstar properties once it completes a merger with Tribune Media. Local information is presented with minimally loaded wording such as this: Wrong-way driver stopped on I-10 Sunday morning. Watch live: Trump, Bolsonaro and more take the stage on Day 3 of CPAC, Twitter discloses another possible government censorship effort. TEGNA Inc. (NYSE:NYSE:TGNA) Q1 2021 Earnings Conference Call May 10, 2021 9:00 AM ETCompany ParticipantsDoug Kuckelman - Head of Investor RelationsDave Lougee - President and CEOVictoria. 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. TEGNA (TGNA) and NBC Ink Multi-Year Deal to Renew Affiliation [11][12] Shortly after, Tegna completed the spin-off of Cars.com, which now trades under a new ticker symbol, CARS. 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. Gracia Martore, president and CEO of Tegna, retired and stepped down from the board. We tell stories that matter, are an advocate for those in need and help bring positive change to our communities. Free cash flow is calculated as non-GAAP Adjusted EBITDA (as defined above), further adjusted by adding back (1) stock-based compensation, (2) non-cash 401(k) company match, (3) syndicated programming amortization, (4) dividends received from equity method investments (5) reimbursements from spectrum repacking, and (6) proceeds from company-owned life insurance policies. Three things to know about what critics are calling Mississippis Jim Judiciary Democrats go after GOP whistleblowers in FBI probes, Trump asks for roughly six-month delay in New York fraud case, Pelosi on DC crime bill: I wish Biden wouldve told us first, Mike Lindell calls DeSantis a Trojan Horse. Readers are cautioned not to place undue reliance on forward-looking statements made by or on behalf of the Company. Country: USA CBS and TEGNA Renew Affiliation Agreement | TEGNA About TEGNA. Across platforms, TEGNA tells empowering stories, conducts impactful investigations and delivers innovative marketing solutions. TEGNA has great employee retention with staff members usually staying with the company for 5.1 years. The Company undertakes no obligation to update or to revise any forward-looking statements. enrollment in college or vocational school, political affiliation, veteran . 1 "Pro forma" reflects our 2019 acquisitions of certain television stations divested by Gray, Dispatch, Nexstar and Tribune as if they had been completed on January 1, 2018. AMS revenue was $353 million in the fourth quarter, down 12 percent year-over-year due to displacement driven by strong political revenue, continued macroeconomic headwinds, and reduced sports betting advertising with fewer new market launches this year versus the prior year. 12news.com is the website for KPNX that covers news, sports, and weather. Do Democrats need a past superstar to hold the White House in 2024? THE HILL 1625 K STREET, NW SUITE 900 WASHINGTON DC 20006 | 202-628-8500 TEL | 202-628-8503 FAX. Tegna Inc Management'S Discussion and Analysis of Financial Condition TEGNA Foundation "[40][41][42] In 2021, Standard General once again put forward nominees to Tegna's board of directors, alleging that the company was underperforming and had issues with diversity, equity, and inclusion; the latter came after a Black nominee put forward by Standard General withdrew, citing a previous incident involving CEO Dave Lougee in 2014. We also rate them High for factual reporting due to proper sourcing and a clean fact check record. Compared to 2020, total company revenue was up 12 percent driven by record subscription revenue and growth in AMS revenue fueled by Premion, partially offset by reduced political revenue. [27], On May 6, 2019, it was reported that Tegna was going to acquire the 85% of the Justice Network and Quest from Cooper Media that it did not own already for $77 Million to close by the end of the second quarter. Tegna shareholders approved an initial public offering of Cars.com as a publicly traded spin-off in May 2017. [39] Tegna's shareholders chose to re-elect all 12 current board members. Fourth quarter Adjusted EBITDA was down 16 percent compared to the fourth quarter of 2020 reflecting reduced political revenue from the presidential election and the two Georgia Senate runoffs, partially offset by growth in subscription revenue. Vice President, Corporate Communications [16], Tegna and Cooper Media, parent corporation of the Justice Network, announced on November 7, 2017, a new multicast network, Quest.
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