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With 64 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. Watch live: Trump, Bolsonaro and more take the stage on Day 3 of CPAC, Twitter discloses another possible government censorship effort. Conservative companies - Conservapedia TEGNA (TGNA) and NBC Ink Multi-Year Deal to Renew Affiliation TEGNA has great employee retention with staff members usually staying with the company for 5.1 years. National and International news is provided by the Associated Press as well as other TEGNA TV stations. A syndicate of banks led by RBC Capital Markets will provide debt financing. AMS revenue was $1.4 billion, down five percent year-over-year due to displacement driven by strong political revenue and continued macroeconomic headwinds. 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 average employee at TEGNA makes $56,684 per year. [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. 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. Debmar-Mercury, however, is not participating in the production run, being replaced by independent company Flow Media Partners. Bias Rating: LEAST BIASED Tegna Inc (TGNA) 8-K Earnings Release - Mar 2019 Subsidiaries to TEGNA include Central Newspapers, Florida Today, and THV11. 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. Reports Fourth Quarter and Full-Year 2022 Results Again, the wording is low biased such as this: What Arizona lawmakers have to say about Wednesdays Iran briefing. 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. 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. [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. In comparison, the salaries at Central Newspapers, Florida Today, and THV11 are $49,030, $43,214, and $40,711. Good luck, the letter concluded. (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 . 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. "[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. TEGNA Inc. (TGNA) CEO Dave Lougee on Q1 2021 Results - SeekingAlpha We are deeply gratified that TEGNAs new owners value and embrace our purpose to serve the greater good of our communities. Sard Verbinnen & Co. TEGNA may also be known as or be related to TEGNA, TEGNA Inc, TEGNA Inc., Tegna, Tegna Inc. and Tegna, Inc. TEGNA produces trusted, impactful and innovative content across platforms. These are the most credible media sources. Our purpose is to serve the greater good of our communities through empowering stories, impactful investigations and innovative marketing services. These non-GAAP financial measures should not be considered in isolation from, or as a substitute for, the related GAAP measures, nor should they be considered superior to the related GAAP measures, and should be read together with financial information presented on a GAAP basis. See all Least Biased Sources. Overall, we rate 12 News KPNX Least Biased based on neutral wording and minimal editorial 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. [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. 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. TEGNA is ranked #13 on the Best Media Companies to Work For in Virginia list. We calculated the performance score of companies by measuring multiple factors, including revenue, longevity, and stock market performance. Best Media Companies to Work For in Virginia, Best Media Companies to Work For in McLean, VA. Using rigorous methodology, the media bias chart evaluates popular media outlets and the way in which they tend to lean: centrist, conservative, or liberal. 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. 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. TEGNA Foundation 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. 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 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. The "new" Gannett inherited old Gannett's longtime ticker symbol, GCI. 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. The allegations include an incident of a Tegna employee, whos now a vice president, wearing blackface while dressed as Michael Jackson at a company event in the 1980s. Pay is not commensurate with experience and talent. 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. 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. [11][12] Shortly after, Tegna completed the spin-off of Cars.com, which now trades under a new ticker symbol, CARS. [52], On December 9, Tegna greenlit the series for an entire run for the 20162017 broadcast season. Tegna Inc Management'S Discussion and Analysis of Financial Condition The wages at ION Media Networks average higher than the other similar companies, where the median salary is $72,169 per year. TEGNA offers innovative solutions to help businesses reach consumers across television, digital and over-the-top (OTT) platforms, includingPremion, TEGNAs OTT advertising service. . It also provides operational services to another Fox affiliate, WUPW in Toledo, through a shared services agreement with that station's owner American Spirit Media (agreements that were carried over from WTOL's previous ownership; ASM had acted in a similar capacity with several stations). 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 broadcasting company retained KPNX, which took the name TEGNA. Full-Time. 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 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. Media Bias Chart (PDF version) Interactive Chart Centrist News ABC News Associated Press BBC News CBS News Non-GAAP operating expenses less programming and Premion costs were down one percent compared to 2021. (M. Huitsing 01/12/2020) Updated (03/21/2022), Last Updated on March 21, 2022 by Media Bias Fact Check, Left vs. . TEGNA Inc. (NYSE: TGNA) today announced financial results for the second quarter ended June 30, 2022. . On June 29, 2015, the Gannett Company split in two, specializing in print media and the other specializing in broadcast and digital media. The station needs an outstanding talent to bring viewers to the biggest sporting events in Indiana including extensive coverage of the . After evaluating this opportunity against TEGNAs standalone prospects and other strategic alternatives, our Board concluded that this transaction maximizes value for TEGNA shareholders. Further, the website does not publish editorial commentary. 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. These cable networks were owned by Belo prior to acquisition by Gannett/Tegna: "TEGNA" redirects here. The Company undertakes no obligation to update or to revise any forward-looking statements. [39] Tegna's shareholders chose to re-elect all 12 current board members. Across platforms, TEGNA tells empowering stories, conducts impactful investigations and delivers innovative marketing solutions. [8] The two companies, however, continued to share a headquarters complex. Right Bias: How we rate the bias of media sources. RECENT CONTENT, PROGRAMMING AND ESG UPDATES. Local information is presented with minimally loaded wording such as this: Wrong-way driver stopped on I-10 Sunday morning. Cooper Media's president and general manager Brian Weiss transferred to Tegna and continue managing the two networks. [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. The largest donation made to a political party by a TEGNA employee was by Richard Moody. (Press Release). Dave Lougee, President and CEO of TEGNA, said, This transaction is the next step in TEGNAs evolution and recognizes the value of our portfolio of leading broadcast assets and innovative digital brands. Tysons, Va. and New York TEGNA Inc. (NYSE: TGNA) and Standard General L.P. today announced that TEGNA and an affiliate of Standard General have entered into a definitive agreement under which TEGNA will be acquired by the Standard General affiliate for $24.00 per share in cash. 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. Owned by Sander Media from 2013 to 2015 and operated by Gannett/Tegna prior to its acquisition by Tegna Inc. in 2015. Affiliates of AGM, as well as Cox Media Group (which is principally owned by AGM, with Cox Enterprises as a minority shareholder) and other investors, will hold non-voting shares in the company. One of the most prominent Tegna Digital properties. TEGNA Employee Political Affiliation TEGNA employees are most likely to be members of the Democratic Party. The transaction is subject to approval by TEGNA shareholders, regulatory approvals, and other customary closing conditions, and is expected to close in the second half of 2022. TEGNA Inc. is a proud equal opportunity employer. [28], On June 11, 2019, it was reported Tegna Inc. purchased the Dispatch Broadcast Group's television and radio assets, subject to regulatory approval, for $535 million. Across platforms, TEGNA tells empowering stories, conducts impactful investigations and delivers innovative marketing solutions. Privacy Policy / Your California Privacy Rights. 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 transaction, which the. TEGNA Inc. (TGNA) Up 3.4% Since Last Earnings Report: Can It Continue? TEGNA Inc. Reports Fourth Quarter and Full-Year 2022 Results Tegna Inc. - Wikipedia In 2015, Gannett spun off Tegna as a separate public company. Job Details. TEGNA Inc. Reports Fourth Quarter and Full-Year 2022 Results | TEGNA Inc. TEGNA Inc. Reports Fourth Quarter and Full-Year 2021 Results - Yahoo! 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 . The company creates and delivers television programming and digital content, and information across various platforms. Standard General was founded in 2007 and manages capital for public and private pension funds, endowments, foundations, and high-net-worth individuals. Does the media have a liberal bias? TEGNA Inc. (NYSE: TGNA) is an innovative media company that serves the greater good of our communities. These risks, uncertainties and other factors include, but are not limited to, those discussed under "Risk Factors" in the Companys Annual Report on Form 10-K for the fiscal year ended December 31, 2022, including the following: (1) the timing, receipt and terms and conditions of any required governmental or regulatory approvals of the proposed transaction between TEGNA and affiliates of Standard General and the related transactions involving the parties to the proposed transaction that could reduce the anticipated benefits of or cause the parties to abandon the proposed transaction, (2) risks related to the satisfaction of the conditions to closing the proposed transaction (including the failure to obtain necessary regulatory approvals), and the related transactions involving the parties to the proposed transaction, in the anticipated timeframe or at all, (3) the risk that any announcements relating to the proposed transaction could have adverse effects on the market price of the Companys common stock, (4) disruption from the proposed transaction could make it more difficult to maintain business and operational relationships, including retaining and hiring key personnel and maintaining relationships with the Companys customers, vendors and others with whom it does business, (5) the occurrence of any event, change or other circumstances that could give rise to the termination of the merger agreement entered into pursuant to the proposed transaction or of the transactions involving the parties to the proposed transaction, (6) risks related to disruption of managements attention from the Companys ongoing business operations due to the proposed transaction, (7) significant transaction costs, (8) the risk of litigation and/or regulatory actions related to the proposed transaction or unfavorable results from currently pending litigation and proceedings or litigation and proceedings that could arise in the future, (9) other business effects, including the effects of industry, market, economic, political or regulatory conditions, and (10) information technology system failures, data security breaches, data privacy compliance, network disruptions, and cybersecurity, malware or ransomware attacks. GAAP and non-GAAP operating income totaled $328 million and $331 million, respectively. Completed Five Year Renewal of Affiliation Agreement with ABC - In January, TEGNA entered into a comprehensive, five year deal through late 2023 with the ABC network that renews the station affiliation agreements for all of the company's ABC-affiliated stations. The employee data is based on information from people who have self-reported their past or current employments at TEGNA. Revenues increased 6.2% year over . Senior Vice President, Financial Planning & Analysis With 63 television stations in 51 U.S. markets, TEGNA is the largest owner of top 4 network . 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. Research Summary. We are looking for proven leader with strong technical judgment, effective communication skills, possessing an . The local affiliate I work for in Des Moines is very poorly managed. The split was completed on June 29, 2015. Auto advertising saw sequential improvement throughout the year finishing with strong growth in the fourth quarter. VERIFY has 385,000 followers across its dedicated channels. Several categories grew year-over-year such as entertainment, travel and tourism, services, and home improvement. interests.[49]. Compared to 2020, AMS revenue was up 16 percent driven by increases in television and Premion advertising. Management and the companys Board of Directors use non-GAAP financial measures for purposes of evaluating company performance. Press Freedom Rating: MOSTLY FREE [37] In March 2020, Tegna stated that it had turned down two acquisition offers by Gray Television and Apollo Global Management, stating that "these two parties made their proposals shortly before the recent market dislocation due to the COVID-19 pandemic and both subsequently informed Tegna that they were ceasing discussions." 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. In 2015, Tegna Media test-ran a limited-run informative talk show hosted by Dallas-based bishop T. D. Jakes on its owned stations in Dallas, Atlanta, Minneapolis and Cleveland. Furthermore, the Leadership Development and Compensation Committee of our Board of Directors uses non-GAAP measures such as Adjusted EBITDA, non-GAAP net income, non-GAAP EPS, and free cash flow to evaluate managements performance. Tegna accused of 'broad pattern of bias and racially-insensitive Zippia's Best Places to Work lists provide unbiased, data-based evaluations of companies. Gannett Company spun-off most of its internet media properties to Tegna. Robert Dickey who led Gannett's newspaper group would continue as CEO of the company as a sole newspaper publisher, leaving the former broadcasting and digital operations under the leadership of Gracia Martore. CBS and TEGNA Renew Affiliation Agreement - Paramount