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Tegna Inc   (TGNA)
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Price: $13.6500 $-0.36 -2.570%
Day's High: $14.005 Week Perf: -0.36 %
Day's Low: $ 13.52 30 Day Perf: -12.44 %
Volume (M): 2,761 52 Wk High: $ 17.37
Volume (M$): $ 37,693 52 Wk Avg: $15.71
Open: $14.00 52 Wk Low: $13.40



 Market Capitalization (Millions $) 2,747
 Shares Outstanding (Millions) 201
 Employees 11,000
 Revenues (TTM) (Millions $) 3,102
 Net Income (TTM) (Millions $) 619
 Cash Flow (TTM) (Millions $) 176
 Capital Exp. (TTM) (Millions $) 46

Tegna Inc
Tegna Inc. (TYO: 9402) is a media company headquartered in Tysons, Virginia, USA. The company's operations are concentrated in its portfolio of 64 broadcast TV stations and four radio stations in the US. Its portfolio also includes over-the-top (OTT) streaming media services, such as the Tegna-owned subsidiary, Premion.

Tegna Inc. was founded in June 2015, following the completion of the spinoff of Gannett Company, Inc.'s broadcasting and digital assets into a separate, publicly traded company. The company's name, Tegna, is a combination of two words: "TEGNA" and "INTEG".

TEGNA is an acronym for "Truth, Engagement, Growth, and Affinity". TEGNA's value proposition is to build deeper relationships with its audiences by providing high-quality journalism, compelling content, data-driven insights, and innovative marketing solutions. TEGNA's mission is to empower the people and communities it serves.

INTEG is a reference to TEGNA's integrated approach to content creation and distribution. TEGNA is committed to providing its audiences with the option to consume content on their preferred platforms, including both linear and digital platforms.

Tegna Inc.'s portfolio of media properties includes a portfolio of 64 broadcast TV stations in the US, located in 51 markets. These stations reach approximately 39% of US households. Tegna's flagship station is WUSA-TV in Washington, DC, which is also home to TEGNA's corporate headquarters. Tegna's other stations include affiliates of the major networks, such as ABC, CBS, NBC, and FOX.

Tegna also owns four radio stations, including KFMB-AM, KFMB-FM, KSON-FM, and KJQY-FM, all located in San Diego, California.

In addition to its broadcast and radio stations, Tegna also operates several OTT streaming media services, anchored by its subsidiary, Premion. Premion is an omni-channel advertising platform that delivers targeted, brand-safe, and transparent advertising across all streaming TV platforms, connected TVs, and premium publishers.

Premion leverages proprietary technology, data-driven solutions, and premium partnerships with media giants like Dentsu and FreeWheel to enable advertisers to reach audiences across every screen.

Tegna's other OTT media properties include the TEGNA-owned OTT platform, Breaking News Network (BNN), and the TEGNA-owned news website, Verify.

Overall, Tegna Inc. is a diverse media company that offers innovative solutions for its audiences and advertisers alike. The company's focus on the integration of content creation and distribution across multiple platforms makes it a valuable partner for advertisers looking to maximize their reach and ROI.


   Company Address: 8350 Broad Street, Suite 2000 Tysons 22102 VA
   Company Phone Number: 873-6600   Stock Exchange / Ticker: NYSE TGNA
   


   

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Business Update

for the article: TEGNA Inc. Overcomes Adverand Challenges to Report Resilient Fourth Quarter and Full-Year 2023 Results

Published Thu, Feb 29 2024 1:00 PM UTC

TEGNA Inc. (NYSE: TGNA) Reports Resilient Fourth Quarter and Full-Year 2023 Results Amid Challenging Adverand ClimateTYSONS, Va. - TEGNA Inc., a prominent media company, has announced its impressive financial results for the fourth quarter and full-year ended December 31, 2023, despite facing challenges in the adverand industry. The company delivered total revenue of $726 mi...

Tegna Inc

Tegna Inc.'s EPS Plummets Amidst Weak Sales, Casting Shadow on Q3 2023 Earnings Season

Tegna Inc, a prominent Broadcasting Media & Cable TV company, recently released its financial results for the third quarter of 2023. The report revealed a decline in both top and bottom-line numbers compared to the previous year. Earnings per share dropped by 26.15%, while revenue decreased by 11.19% year on year. The company reported revenue of $713.24 million and earnings per share of $0.48, compared to $803.11 million and $0.65 respectively in the third quarter of 2022.
These results are disappointing, particularly when compared to the rest of the Broadcasting Media & Cable TV sector, which saw a revenue rise during the same period. Tegna Inc experienced a decline in profit of 47.83% from the preceding quarter, with net income falling by 34.14% to $96.254 million in the third quarter of 2023, compared to $146.157 million in the corresponding period the previous year.

Tegna Inc

Subdued Revenue Earnings Reflect TGNA's Top-Line Performance of The Latest Fiscal Period, Despite Impressive Profit Growth

Tegna Inc, a media company, recently reported weak revenue figures for the most recent fiscal period. Despite this, the company managed to grow its earnings per share (EPS), with profits jumping by a significant 55.93% to $0.92 per share. However, it is important to note that revenue dropped by -6.8% to $731.51 million, year on year.
Looking at the EPS in comparison to the previous reporting period, there was a staggering increase of 100% from $0.46 per share. On the other hand, revenue decreased by -1.192% from $740.33 million. This indicates that while the company's earnings per share saw substantial growth, its revenue did not follow the same trend.
Tegna Inc also highlighted its improving profit margins, with the net margin rising to 27.35% in the most recent fiscal period, and the operating margin edging up to 38.5%. However, it is worth noting that the operating earnings only improved by 27.41% to $281.599 million.
One concerning aspect is the decline in the level of accounts receivable, which stands at $ millions. Some analysts believe that this could be due to slowing demand for Tegna Inc's products or services. This factor could pose a risk to the company's financial performance in the future.






 

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