The employee data is based on information from people who have self-reported their past or current employments at TEGNA. Overall, we rate 12 News KPNX Least Biased based on neutral wording and minimal editorial content. On average, employees at TEGNA stay with the company for 5.1 years. This is 2021, yet the roots of racist behavior within Tegna/Gannett are ugly and run deep. Its television stations has a digital presence on mobile, online, and social platforms. 703-873-6366 This position will report directly to the Regional Head of Technology and Operations. Traffic/Popularity: Medium Traffic 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.
TEGNA Inc. (TGNA) Up 0.8% Since Last Earnings Report: Can It Continue? [18] The range of programming on the network would be engineering and science, human achievements, military history and natural history. TEGNA INC MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS (form 10-K) . Total company revenue was $917 million in the fourth quarter, up 18 percent year-over-year, driven by strong growth in political revenue despite advertising and marketing services ("AMS") revenue declines resulting from political displacement and macroeconomic headwinds. With 63 television stations in 51 U.S. markets, TEGNA is the largest owner of top 4 network . interests.[49]. The Company undertakes no obligation to update or to revise any forward-looking statements. Years at Gannett/Tegna: 31 Positions in that time: Assistant treasury, vice president in the treasury group, vice president of investor relations, chief financial officer, president and chief . accusations of broad pattern of bias and racially-insensitive behavior that were shared with the media company by its largest active shareholder.
12 News (KPNX) - Media Bias/Fact Check 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. Cautionary Statement Regarding Forward-Looking Statements. [56], In January 2018, Tegna announced a partnership with Sony Pictures Television to handle syndication distribution and advertising sales for its original programs.[57]. 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. With 63 television stations in 51 U.S. markets, TEGNA is the largest owner of top 4 network affiliates in the top . Again, the wording is low biased such as this: What Arizona lawmakers have to say about Wednesdays Iran briefing. Each such statement speaks only as of the day it was made. "[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. 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. 1998 - 2023 Nexstar Media Inc. | All Rights Reserved. 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. TEGNA Inc. (NYSE: TGNA) is an innovative media company that serves the greater good of our communities. 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. In comparison, some of its highest paying competitors, like. The company creates and delivers television programming and digital content, and information across various platforms. Additional Information and Where to Find It. Local information is presented with minimally loaded wording such as this: Wrong-way driver stopped on I-10 Sunday morning. (AMS) revenues, which include local and national non-political television advertising, digital marketing services (including Premion), and advertising on stations' websites, tablet and mobile products and OTT apps; 3) political . [39][43][44][45] The company stated that Lougee "immediately acknowledged the incident and has stated that he made a mistake, for which he had apologized immediately at the time". [13] Upon the completion of the spin-off, Dave Lougee, president of Tegna Media, was named president and CEO of Tegna and joined the company's board of directors. Readers are cautioned not to place undue reliance on forward-looking statements made by or on behalf of the Company. MBFC Credibility Rating: HIGH CREDIBILITY. Doug Kuckelman - Head of Investor Relations. 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. [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. (Press Release). Subsidiaries to TEGNA include Central Newspapers, Florida Today, and THV11. They state TEGNAs purpose is to serve the greater good of our communities. THE COMPANY URGES YOU TO READ THE DEFINITIVE PROXY STATEMENT AND OTHER RELEVANT DOCUMENTS FILED OR TO BE FILED WITH THE SEC CAREFULLY AS THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE COMPANY, THE PROPOSED TRANSACTION AND RELATED MATTERS. [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]. Our hard work has built a company that is a leading and trusted local news and media content provider in the markets it serves and has fostered a culture of diversity and inclusiveness. Have you worked at TEGNA? 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. Gracia Martore, president and CEO of Tegna, retired and stepped down from the board. All plans give access to our growing exclusive content! The company is 49.5% female and 39.7% ethnic minorities. Several categories grew year-over-year such as entertainment, travel and tourism, services, and home improvement. 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. On TikTok, which represents the brands fastest growing audience, VERIFYS followers grew from 4,000 to nearly 140,000 year-over-year. 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. [29] The sale was approved by the FCC on July 29, 2019,[30] and was completed on August 8. 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. Owned by Sander Media from 2013 to 2015 and operated by Gannett/Tegna prior to its acquisition by Tegna Inc. in 2015. The studio's first content would be true crime podcasts, drawing on its station news content. . The show, titled T.D. It has an unusually high proportion of employees who are members of the Democratic Party, at 87.0%.
Dave Lougee, Tegna Inc: Profile and Biography - Bloomberg Markets We are deeply gratified that TEGNAs new owners value and embrace our purpose to serve the greater good of our communities. Numerical coincidence prompted $754M Powerball winner to buy ticket: It was a sign, Texas GOP votes to censure Rep. Tony Gonzales over support on gun, same-sex legislation, Three things to know about what critics are calling Mississippis Jim Crow bill, Want to save the climate? TEGNA Employees Receive Industry Honors TEGNA employees received industry honors, including Boyd Huppert, reporter at KARE and TEGNAs chief storytelling coach, who is receiving a Lifetime Achievement Award from the Radio Television Digital News Foundation. With 49 television stations and two radio stations in 41 markets, TEGNA delivers relevant content and information to consumers across platforms. This communication includes forward-looking statements within the meaning of the safe harbor provisions of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. (Press Release). Political revenue was a record for a non-presidential election year at $341 million, up 21 percent from 2018 on a pro forma basis1. 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. Employees at the parent company, TEGNA, earn $56,684. TEGNA achieved net income of $219 million on a GAAP basis, or $221 million on a non-GAAP basis. A syndicate of banks led by RBC Capital Markets will provide debt financing. [49] Standard General responded to the letter, denying that they planned to cut jobs or hub content, and promoting that Tegna would become the largest female-run and minority-owned broadcaster in the United States. We look forward to building on the Companys strong foundation and leveraging Debs deep industry experience to drive further growth.. 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. 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. 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. 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. The factors described above cannot be controlled by the Company. On February 24, 2023, the FCC issued a hearing designation order with respect to the transaction. We are a drug free, EEO employer committed to a diverse workforce. Dave Lougee is President/CEO at Tegna Inc. See Dave Lougee's compensation, career history, education, & memberships. 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. Stations are listed alphabetically by state and city of license. 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.
TEGNA Inc. (NYSE: TGNA) is an innovative media company that serves the greater good of our communities. [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 TGNA and Comcast's CMCSA NBC recently announced the extension of their partnership by signing a multi-year deal to renew station affiliation agreements for 20 TEGNA markets in the United . 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 also owns three digital multicast networks (True Crime Network, Quest, and Twist). 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. Support MBFC Donations The largest donation made to a political party by a TEGNA employee was TEGNAs purpose is to serve the greater good of our communities. Therefore, while we may incur or recognize these types of expenses and gains in the future, the company believes that removing these items for purposes of calculating the non-GAAP financial measures provides investors with a more focused presentation of our ongoing operating performance.
Tegna accused of 'broad pattern of bias and racially-insensitive And as Reagan's son assumed, Apple, Google, and most other major tech companies side with Democrats too. The most directly comparable GAAP financial measure to Adjusted EBITDA is Net income attributable to TEGNA. TEGNA is currently evaluating its options.
TEGNA Inc. - 2020 Annual Report Privacy Policy / Your California Privacy Rights. 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. The station needs an outstanding talent to bring viewers to the biggest sporting events in Indiana including extensive coverage of the . 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. Company Participants. Tegna owns or operates 68 television stations located in 54 markets (including fourteen duopolies); it also owns two radio stations in Columbus, Ohio. 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. Richard Moody donated 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. Read our profile on the United States government and media. 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. WZDX, the TEGNA-owned FOX affiliate in Huntsville AL, has an opening for an experienced, versatile Head of Technology and Operations. [52], On December 9, Tegna greenlit the series for an entire run for the 20162017 broadcast season. Country: USA
TEGNA hiring PT Temporary Producer in Houston, Texas, United States That is where the problem is and will remain unless exposed.
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. Also, our non-GAAP measures may not be comparable to similarly titled measures of other companies.
Tegna Inc (TGNA) 8-K Earnings Release - Mar 2019 TEGNA offers innovative solutions to help businesses reach consumers across television, digital and over-the-top (OTT) platforms, including Premion, TEGNAs OTT advertising service. TEGNA has great employee retention with staff members usually staying with the company for 5.1 years. The national average salary for a TEGNA employee in the United States is $56,684 per year. In everything we do, we are driven by our strongly held values and our stated purpose to serve the greater good of our communities. TEGNA (TGNA) and NBC Ink Multi-Year Deal to Renew . In a statement, she explained that the split plans were "significant next steps in our ongoing initiatives to increase shareholder value by building scale, increasing cash flow, sharpening management focus, and strengthening all of our businesses to compete effectively in today's increasingly digital landscape." 12 News KPNX is owned and operated by TEGNA Inc., which operates 66 television stations in 54 markets. 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. Compared to 2020, AMS revenue was up 16 percent driven by increases in television and Premion advertising. 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.. 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. The transaction, which the. About TEGNA. 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. [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. Ad-Free Sign up
Why the 'Trump factor' means record revenue for Tegna 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. 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. Funding. TEGNA stockholders voted to approve the transaction at the special meeting of stockholders held on May 17, 2022. TEGNA Stations KARE and WXIA Honored with 2023 Alfred I. duPont-Columbia University Awards KAREs "The GAP: Failure to Treat, Failure to Protect" and WXIAs "#Keeping" received prestigious 2023 Alfred I. duPont-Columbia University Awards which honor excellence in broadcast, online and documentary journalism.
Tegna Inc (TGNA) Q3 2021 Earnings Call Transcript Total cash at the end of the quarter was $552 million. $2,850 to the Democratic Party. GAAP and non-GAAP operating income totaled $328 million and $331 million, respectively. 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. TEGNA competitors include Kshb / Kmci / The Ew Scripps Company, Sinclair Broadcast Group, ION Media Networks, KEYE-TV, Florida Today, Central Newspapers, Discovery, WTOL 11, WWE, Weigel Broadcasting Co., WTKR News 3, Nexstar Media Group, Ksdk-tv Newschannel 5, WBRZ, Univision Holdings, Inc., Calkins Media Incorporated, WPTV, WATE 6 On Your Side, WBNG TV 12, KSBW. TEGNA Inc. is a media company innovating in the digital age. TEGNA offers innovative solutions to help businesses reach consumers across television, digital and over-the-top (OTT) platforms, includingPremion, TEGNAs OTT advertising service. 703-873-6747 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. The factors described above cannot be controlled by the Company. 12news.com is the website for KPNX that covers news, sports, and weather. [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. 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.
Tegna Inc. - Wikipedia Since 2020, advertising trends have seen significant broad-based strength across all advertising categories, except auto and insurance in this two-year comparison. Revenues increased 6.2% year over . 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. [17] Tegna would be the charter station group as such would receive a minority stake in the network, which launched in January 2018. The transaction was unanimously approved by the TEGNA Board. Zippia gives an in-depth look into the details of TEGNA, including salaries, political affiliations, employee data, and more, in order to inform job seekers about TEGNA. 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. WBNS-TV, Central Ohio's News Leader, seeks a passionate, ambitious Anchor/Reporter to join our team. [3][4] It was created on June 29, 2015, when the Gannett Company split into two publicly traded companies. Rankings are based on government and proprietary data on salaries, company financial health, and employee diversity. Following the close of the transaction, Deb McDermott will become CEO and Mr. Kim will serve as Chairman of a new Board. We are a drug free, EEO employer committed to a diverse workforce. Our estimates are verified against BLS, Census, and current job openings data for accuracy.
LibGuides: Media Bias: Which Way Does Your News Lean? in the U.S. and several other media properties. 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. Tegna shareholders approved an initial public offering of Cars.com as a publicly traded spin-off in May 2017. (adsbygoogle = window.adsbygoogle || []).push({}); Ad-Free Login Potential regulatory actions, changes in consumer behaviors and impacts on and modifications to the Companys operations and business relating thereto and the Companys ability to execute on its standalone plan can also cause actual results to differ materially.