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. TEGNA (TGNA) and NBC Ink Multi-Year Deal to Renew . We are a drug free, EEO employer committed to a diverse workforce. TEGNA's mission statement is "To serve the greater good of our communities. 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. This earnings release also discusses free cash flow, a non-GAAP performance measure that the Board of Directors uses to review the performance of the business. abentley@TEGNA.com, George Sard/Andy Duberstein Auto advertising saw sequential improvement throughout the year finishing with strong growth in the fourth quarter.
TEGNA Inc (TGNA) - Financial and Strategic SWOT Analysis Review Bias Rating: LEAST BIASED [14], Prior to the company's completion of the spin-off of Cars.com, it was reported by DealReporter that Nexstar Media Group may be considering a bid to acquire Tegna. family responsibilities, disability, enrollment in college or vocational school, political . Claiming and updating your company profile on Zippia is free and easy. The company believes these adjustments facilitate company-to-company operating performance comparisons by removing potential differences caused by variations unrelated to operating performance, such as capital structures (interest expense), income taxes, and the age and book appreciation of property and equipment (and related depreciation expense). TEGNA employees are most likely to be members of the Democratic Party. To serve the greater good of our communities. The Latest Fact Checks curated by Media Bias Fact Check 03/04/2023, MBFCs Weekly Media Literacy Quiz Covering the Week of Feb 25 Mar 3rd, The Latest Fact Checks curated by Media Bias Fact Check 03/03/2023, Daily Source Bias Check: The Event Chronicle. We calculated the performance score of companies by measuring multiple factors, including revenue, longevity, and stock market performance. None of the information on this page has been provided or approved by TEGNA. 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. Based on our research, similar companies to TEGNA are ION Media Networks, Discovery, and Univision Holdings, Inc. Right Bias: How we rate the bias of media sources. Automotive advertising revenue rebounded in the quarter with strong year-over-year growth. Tegna's digital advertising subsidiary Premion will be held as a standalone business between Standard and CMG. They state TEGNAs purpose is to serve the greater good of our communities. Employees seem to enjoy working in an otherwise diverse workplace that is dominated by members of the Democratic Party.
TEGNA Inc Company Profile - Overview - GlobalData TEGNA to be Acquired by Standard General for $24.00 Per Share | TEGNA 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. Senior Vice President, Financial Planning & Analysis The wages at ION Media Networks average higher than the other similar companies, where the median salary is $72,169 per year. Following the close of the transaction, TEGNA stations in Austin (KVUE), Dallas (WFAA and KMPX) and Houston (KHOU and KTBU) are expected to be acquired by Cox Media Group (CMG) from Standard General. Founded in 1953, 12 News KPNX is an NBC affiliate based in Phoenix, Arizona. TEGNA offers innovative solutions to help businesses reach consumers across television, digital and over-the-top (OTT) platforms, including Premion, TEGNAs OTT advertising service. [58] When the total internet media division was part of the Gannett Company, it managed the websites for USA Today, as well as Gannett's newspaper and broadcast properties throughout the United States. Our award-winning journalists have been recognized with numerous national honors including Edward R. Murrow, Alfred I. du Pont, George Foster Peabody, George Polk, Walter Cronkite and Emmy awards. 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. As community needs differ by region, please check with your local Community Grant contact to learn what needs are being addressed in your area. [38], Kim began to engage in a proxy fight, with Standard General proposing four nominations to Tegna's board of directors at its next shareholders' meeting in April.
CBS and TEGNA Renew Affiliation Agreement - Paramount The company defines Adjusted EBITDA as net income attributable to TEGNA before (1) net income attributable to redeemable noncontrolling interest, (2) income taxes, (3) interest expense, (4) equity loss in unconsolidated investments, net, (5) other non-operating items, net, (6) M&A-related costs, (7) advisory fees related to activism defense, (8) spectrum repacking reimbursements and other, net, (9) depreciation and (10) amortization. Following the close of the transaction, Deb McDermott will become CEO and Mr. Kim will serve as Chairman of a new Board. We expect 2022 to be another extraordinary. Additional Information and Where to Find It. The Company will mail to its stockholders a definitive proxy statement in connection with the proposed transaction. It owns: Stations are arranged in alphabetical order by state and city of license. The Company is not responsible for updating the information contained in this press release beyond the published date, or for changes made to this press release by wire service, Internet service providers or other media. Expansion into video podcasts was a key driver of the networks growth during the year, delivering a 515 percent increase in video views year-over-year. 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. TEGNA Inc. (NYSE:TGNA) Q3 2020 Earnings Conference Call November 9, 2020 9:00 AM ET. For Gannett as a publishing company, see, This list related to film, television, or video is, Sale to Standard General and Apollo Global Management, Satellites, semi-satellites and translators. 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 all television households nationwide. 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. 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. [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]. 12news.com is the website for KPNX that covers news, sports, and weather. On February 22, 2022, TEGNA Inc. and Standard General L.P. announcedthat TEGNA and an affiliate of Standard General entered into a definitive agreement under which TEGNA will be acquired by. 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.
TEGNA (TGNA) and NBC Ink Multi-Year Deal to Renew Affiliation Dave Lougee, Tegna Inc: Profile and Biography - Bloomberg Markets TEGNA also owns leading multicast networks True Crime Network, Twist and Quest. TEGNA is ranked #13 on the Best Media Companies to Work For in Virginia list. Standard General was founded in 2007 and manages capital for public and private pension funds, endowments, foundations, and high-net-worth individuals. Further, the website does not publish editorial commentary. 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. MBFC Credibility Rating: HIGH CREDIBILITY. TEGNA also owns leading multicast networks True Crime Network and Quest. Richard Moody donated $2,850 to the Democratic Party. Good luck, the letter concluded. The most directly comparable GAAP financial measure to Adjusted EBITDA 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. [39] Tegna's shareholders chose to re-elect all 12 current board members.
TEGNA Inc. Reports Second Quarter 2022 Results | Business Wire In February, Tegna entered into a definitive agreement to be acquired by an affiliate of Standard General for $24 per share in cash and become a private company. Tegnas Board of Directors, management team and station leadership continue to take concerted action to build a more diverse, equitable and inclusive Tegna all of which is publicly detailed, the spokesperson added. RECENT CONTENT, PROGRAMMING AND ESG UPDATES. On track to complete proposed acquisition by an affiliate of Standard General in the second half of 2022, subject to regulatory approvals and customary closing conditions TYSONS, Va., November 09,. 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.
Head of Technology & Chief Engineer job in Huntsville at Tegna Overall, we rate 12 News KPNX Least Biased based on neutral wording and minimal editorial content.
TEGNA Foundation TEGNA INC. : Shareholders Board Members Managers and Company Profile TEGNA employees are most likely to be members of the democratic party. 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. In comparison, the salaries at Central Newspapers, Florida Today, and THV11 are $49,030, $43,214, and $40,711. Non-GAAP operating expenses less programming and Premion costs were down one percent compared to the fourth quarter of 2021. The document was filed with the SEC by Standard Generalin preparation forTegnas annual shareholders meeting scheduled for May 7. The transaction consideration represents a premium of approximately 39% to TEGNAs unaffected closing share price on September 14, 2021, the last full trading day prior to media speculation about a potential sale of TEGNA, and a premium of approximately 11% to TEGNAs all-time high closing price since separation from the Gannett publishing business in 2015. Dave Lougee is President/CEO at Tegna Inc. See Dave Lougee's compensation, career history, education, & memberships. In June 2015, Gannett spun off its broadcasting division. Exposing corruption and wrongdoing, holding elected officials and those in power accountable, giving a voice to the voiceless and telling empowering stories that impact our lives is at the heart of our purpose to serve the greater good.". 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. Standard General Im very excited about what the future holds for TEGNA.. TEGNA Inc. is a proud equal opportunity employer. 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. 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. 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. [34], A carriage dispute with Dish Network, beginning on October 6, 2021, resulted in the removal of at least 64 Tegna stations in 53 markets, covering about nearly 3 million customers.
12 News (KPNX) - Media Bias/Fact Check The filing comes against the backdrop of a proxy battle between Tegna and Standard General, a hedge fund that owns a 7 percent stake in Tegna, according to a separate SEC filing. [citation needed], In 2020, activist shareholder Soo Kim, owner of Standard General, began to pursue control over Tegna, citing its "pattern of passivity" on the market. Other Nexstar/Tribune stations going to Tegna are WZDX/Huntsville, KFSM-TV/Fort SmithFayetteville, WTIC-TVWCCT-TV/Hartford, and WATN-TVWLMT/Memphis.
TEST POSITION-DO NOT APPLY Job in Phoenix, AZ at Tegna The show, titled T.D. 14% of TEGNA employees are Black or African American. AMS revenue was $1.4 billion, down five percent year-over-year due to displacement driven by strong political revenue and continued macroeconomic headwinds. TEGNA Inc. (NYSE: TGNA) is an innovative media company that serves the greater good of our communities. A large media company with 6,883 employees and an annual revenue of $3.0B, TEGNA is headquartered in Virginia. The 20 markets renewed cover 17 percent of the U.S. audience and nearly 21 . The information is 100% accurate and fairly easy to verify. TEGNA Inc. (NYSE: TGNA) is an innovative media company that serves the greater good of our communities. TEGNA is currently evaluating its options. The company is 49.5% female and 39.7% ethnic minorities. Rankings are based on government and proprietary data on salaries, company financial health, and employee diversity. 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.