[22][23], In March 2019, Tegna announced its formation of VAULT Studios, its first, in-house digital content studio. 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. Other major sources include 2ndVote, a research provider that scores companies from 5 (most conservative) to 1 (most liberal), and OpenSecrets, an online database that tracks political donations in the U.S. 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. Our purpose is to serve the greater good of our communities through empowering stories, impactful investigations and innovative marketing services. TEGNA (TGNA) and NBC Ink Multi-Year Deal to Renew Affiliation Station assigned to licensee Pacific and Southern Company, Inc. KVUE was previously owned by Gannett from 1986 to 1999, when it was traded to Belo in exchange for KXTV. As community needs differ by region, please check with your local Community Grant contact to learn what needs are being addressed in your area. The national average salary for a TEGNA employee in the United States is $56,684 per year. 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. The show, titled T.D. Tegna Inc. - Wikipedia About TEGNA. TEGNA also owns leading multicast networks True Crime Network and Quest. 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. The Company undertakes no obligation to update or to revise any forward-looking statements. See Where Major Companies Lean Politically - Fast Company The company, which will retain the Tegna name, will be controlled by an affiliate of Standard General, with Standard Media CEO Deb McDermott (who previously led Young Broadcasting and Media General) becoming CEO. We look forward to building on the Companys strong foundation and leveraging Debs deep industry experience to drive further growth.. This blackout by Tegna is an increasingly common tactic that channel owners use to force cable and satellite companies to pay unreasonable rate increases during contract negotiations. Standard General and Tegna, MB Docket 22-162 | Federal Communications Im very excited about what the future holds for TEGNA.. [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. Being a big, bold thinker/innovator and at times, disruptor, for the station. The station needs an outstanding talent to bring viewers to the biggest sporting events in Indiana including extensive coverage of the . Sunday shows preview: US-China relations remain on shaky ground, 2024 election looms. Doug Kuckelman - Head of Investor Relations. We also rate them High for factual reporting due to proper sourcing and a clean fact check record. Standard General was founded in 2007 and manages capital for public and private pension funds, endowments, foundations, and high-net-worth individuals. TEGNA hiring Marketing and Commercial Producer in Macon, Georgia On February 21, 2023, TEGNA elected, pursuant to the terms of the Merger Agreement, to extend the Outside Date (as defined in the Merger Agreement) from 5:00 p.m. Eastern time on February 22, 2023 to 5:00 p.m. Eastern time on May 22, 2023. TEGNA Inc (TEGNA) is a provider of media services. The Company and certain of its directors, executive officers and employees may be considered to be participants in the solicitation of proxies from the Companys stockholders in connection with the proposed transaction. Forward-looking statements in this communication may include, without limitation: statements about the potential benefits of the proposed acquisition, anticipated growth rates, the Companys plans, objectives, expectations, and the anticipated timing of closing the proposed transaction. 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. TEGNA Foundation Traffic/Popularity: Medium Traffic With 49 television stations and two radio stations in 41 markets, TEGNA delivers relevant content and information to consumers across platforms. In June 2015, Gannett spun off its broadcasting division. Across platforms, TEGNA tells empowering stories, conducts impactful investigations and delivers innovative marketing solutions. Forward-looking statements in this communication may include, without limitation: statements about the potential benefits of the proposed acquisition, anticipated growth rates, the Companys plans, objectives, expectations, and the anticipated timing of closing the proposed transaction. Tegna Inc (TGNA) 8-K Earnings Release - Mar 2019 TEGNA Inc. Reports Fourth Quarter and Full-Year 2022 Results Based on our research, similar companies to TEGNA are ION Media Networks, Discovery, and Univision Holdings, Inc. Tegna also owns three digital multicast networks (True Crime Network, Quest, and Twist). TEGNA (TGNA) and NBC Ink Multi-Year Deal to Renew Affiliation The document was filed with the SEC by Standard General. Posted: March 02, 2023. Total company Adjusted EBITDA2 was $361 million, representing an increase of 47 percent compared to the fourth quarter of 2021. As reported, our political revenues in 2020 were almost double that of 2018 and almost three times that of 2016, the prior presidential election year. How a quiet right-wing TV behemoth just got super-sized, thanks to The split was completed on June 29, 2015. Best Media Companies to Work For in Virginia, Best Media Companies to Work For in McLean, VA. Email from Mediacom about Tegna stations : Iowa - reddit 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. The largest donation made to a political party by a TEGNA employee was [4][9][10], In September 2016, Tegna announced plans to spin off Cars.com to create two independent publicly traded companies. MBFC Credibility Rating: HIGH CREDIBILITY. We are looking for proven leader with strong technical judgment, effective communication skills, possessing an . 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. [16], Tegna and Cooper Media, parent corporation of the Justice Network, announced on November 7, 2017, a new multicast network, Quest. 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. Stations are listed alphabetically by state and city of license. 2022 Key ESG Highlights and SASB Disclosure Today, we published our 2022 Key Highlights and SASB Disclosure for the Media & Entertainment industry standard, which outline the steps we have taken to live our purpose of serving the greater good of our local communities. The closing of the transaction remains subject to the approval of the Federal Communications Commission (the "FCC") and customary closing conditions. 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 hiring Producer in Corpus Christi, Texas, United States | LinkedIn 3 min read TEGNA TGNA and Comcast 's CMCSA NBC recently announced the extension. Again, the wording is low biased such as this: What Arizona lawmakers have to say about Wednesdays Iran briefing. On TikTok, which represents the brands fastest growing audience, VERIFYS followers grew from 4,000 to nearly 140,000 year-over-year. TEGNAs purpose is to serve the greater good of our communities. Richard Moody donated The 11 markets renewed cover . That is where the problem is and will remain unless exposed. Using a database of 30 million profiles, Zippia estimates demographics and statistics for TEGNA. 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. TEGNA Inc (TGNA) - Strategy, SWOT a TEGNA Inc. Reports Second Quarter 2022 Results | Business Wire TYSONS, Va., February 27, 2023--(BUSINESS WIRE)--TEGNA Inc. (NYSE: TGNA) today announced financial results for the fourth quarter and full-year ended December 31, 2022. Management and the companys Board of Directors use non-GAAP financial measures for purposes of evaluating company performance. For the trailing two-year period ending December 31, 2022, free cash flow as a percentage of revenue was 21.8 percent. Reconciliations of certain line items impacted by special items to the most directly comparable financial measure calculated and presented in accordance with GAAP on the company's Consolidated Statements of Income follow: (a) Per share amounts do not sum due to rounding. Ms. McDermott currently serves as CEO of Standard Media and has more than 20 years of experience leading broadcast groups, including previously serving as COO of Media General and as CEO and President of Young Broadcasting. This position will report directly to the Regional Head of Technology and Operations. TEGNA Employee Political Affiliation TEGNA employees are most likely to be members of the Democratic Party. Cooper Media's president and general manager Brian Weiss transferred to Tegna and continue managing the two networks. A large media company with 6,883 employees and an annual revenue of $3.0B, TEGNA is headquartered in Virginia. After evaluating this opportunity against TEGNAs standalone prospects and other strategic alternatives, our Board concluded that this transaction maximizes value for TEGNA shareholders. TEGNA Inc (TGNA) Q4 2020 Earnings Call Transcript None of the information on this page has been provided or approved by TEGNA. 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. A syndicate of banks led by RBC Capital Markets will provide debt financing. We remain committed to ensuring that Tegna effectively serves and represents all of our communities., Other alleged incidents in the letter include Black and Latino on-air talent being hammered for their dialect and a marketing executive promoting the use of purple graphics that African American audiences might enjoy.. This is further adjusted by deducting payments made for (1) syndicated programming, (2) pension, (3) interest, (4) taxes (net of refunds) and (5) purchases of property and equipment. Political revenue was a second quarter record of $51 million up 53 percent from 2018, the . TEGNA employees are most likely to be members of the democratic party. TEGNA hiring PT Temporary Producer in Houston, Texas, United States Rankings are based on government and proprietary data on salaries, company financial health, and employee diversity. Dave Lougee, Tegna Inc: Profile and Biography - Bloomberg Markets The company discusses in this release non-GAAP financial performance measures that exclude from its reported GAAP results the impact of "special items" consisting of spectrum repacking reimbursements and other, net, M&A-related costs, advisory fees related to activism defense, certain non-operating items such as expense related to the early extinguishment of debt, a gain on an available for sale investment, and a valuation gain from an investment and an impairment charge recorded for another investment. Senior Vice President, Financial Planning & Analysis [18] The range of programming on the network would be engineering and science, human achievements, military history and natural history.