TEGNA employees are most likely to be members of the democratic party. TEGNA Inc. Reports Second Quarter 2022 Results | Business Wire Unaudited, in thousands of dollars (except per share amounts), Business units - Selling, general and administrative expenses, Corporate - General and administrative expenses, Spectrum repacking reimbursements and other, net, Equity loss in unconsolidated investments, net, Net income attributable to redeemable noncontrolling interest. [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." 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. TEGNA Inc. (NYSE:TGNA) Q3 2020 Earnings Conference Call November 9, 2020 9:00 AM ET. Will Become Nations Largest Minority-Owned, Woman-Led Broadcast Group. Traffic/Popularity: Medium Traffic Tegna Inc (TGNA) 8-K Earnings Release - Mar 2019 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. Gracia Martore, president and CEO of Tegna, retired and stepped down from the board. TEGNA Inc. (NYSE: TGNA) is an innovative media company that serves the greater good of our communities. TEGNA Inc. (TGNA) Up 3.4% Since Last Earnings Report: Can It Continue? TEGNA Inc. is a media company innovating in the digital age. Despite its diversity in other areas, TEGNA employees are noticeably lacking in political diversity. Anne Bentley In 2015, Gannett spun off Tegna as a separate public company. Founded in 1953, 12 News KPNX is an NBC affiliate based in Phoenix, Arizona. Buy a coal mine, Marianne Williamson officially launches long-shot bid for 2024, Securities and Exchange Commission (SEC) filing, Steve Bannon blasts Murdochs, Fox News in fiery CPAC speech, Legal experts say Fox News on shaky legal ground in Dominion lawsuit, Youngkin to take part in CNN town hall amid 2024 speculation, Bill Maher: I am afraid of Trump on a very personal level, FBI Dir accuses China of obfuscating Covid investigation, Poll finds Ron DeSantis top choice for 2024 GOP nominee, What Biden might try next if his student loan forgiveness plan is struck down, Trump reigns supreme at a diminished CPAC, Haley to hit Trump on spending record in closed-door Saturday speech. TEGNA Inc (TGNA) - Financial and Strategic SWOT Analysis Review 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. An obvious source for the justification is recent news. To serve the greater good of our communities. TEGNA Inc. Reports Third Quarter 2022 Results The factors described above cannot be controlled by the Company. 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. Free cash flow3 was $297 million for the quarter. The most directly comparable GAAP financial measure to Adjusted EBITDA is Net income attributable to 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. Non-GAAP expenses less Premion costs increased two percent from the fourth quarter of 2021, driven primarily by programming expenses. TEGNA's mission statement is "To serve the greater good of our communities. Under the terms of the definitive merger agreement, in addition to receiving $24.00 per share, TEGNA shareholders will receive additional cash consideration in the form of a ticking fee of $0.00167 per share per day (or $0.05 per month) if the closing occurs between the 9- and 12-month anniversary of signing, increasing to $0.0025 per share per day (or $0.075 per month) if the closing occurs between the 12- and 13-month anniversary of signing, $0.00333 per share per day (or $0.10 per month) if the closing occurs between the 13- and 14-month anniversary of signing, and $0.00417 per share per day (or $0.125 per month) if the closing occurs between the 14- and 15-month anniversary of signing. 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. Joele Frank, Wilkinson Brimmer Katcher 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. Further, the website does not publish editorial commentary. These are the most credible media sources. Political revenue was a second quarter record of $51 million up 53 percent from 2018, the . 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. Based on our research, similar companies to TEGNA are ION Media Networks, Discovery, and Univision Holdings, Inc. TEGNA hiring PT Temporary Producer in Houston, Texas, United States [35] On October 18, Dish Network filed a complaint with the Federal Communications Commission against Tegna. Media Bias Chart (PDF version) Interactive Chart Centrist News ABC News Associated Press BBC News CBS News TEGNA also owns leading multicast networks True Crime Network, Twist and Quest. Account Executive Job in Saint Louis, MO at Tegna 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. This position will report directly to the Regional Head of Technology and Operations. 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. Company Participants. Hopefully, your team can look into this and get Tegna cleaned up from the top. MBFC Credibility Rating: HIGH CREDIBILITY. Each such statement speaks only as of the day it was made. TEGNA hiring Marketing and Commercial Producer in Macon, Georgia Since 2020, advertising trends have seen significant broad-based strength across all advertising categories, except auto and insurance in this two-year comparison. Overall, we rate 12 News KPNX Least Biased based on neutral wording and minimal editorial content. Working At TEGNA: Employee Reviews And Culture - Zippia TEGNA stockholders voted to approve the transaction at the special meeting of stockholders held on May 17, 2022. [15] In June 2017, Tegna announced it had entered into a definitive agreement, together with the other owners of CareerBuilder, to sell CareerBuilder to an investor group led by investments funds managed by affiliates of Apollo Global Management and the board of the Ontario Teachers Pension Plan. Employees at the parent company, TEGNA, earn $56,684. Tegna owns more than 60 local television stations in the U.S. and several other media properties. [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. TEGNA Inc (TGNA) - Strategy, SWOT and Corporate Finance Report Shark Tanks Kevin OLeary blasts Ocasio-Cortez: She kills jobs by the Manchin indicates opposition to Biden lands nominee over internal memo, Michael Steele on Marjorie Taylor Greene: Just shut the hell up, Watch live: White House monkeypox response team holds briefing, Do Not Sell or Share My Personal Information. All plans give access to our growing exclusive content! 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. With 63 television stations in 51 U.S. markets, TEGNA is the largest owner of top 4 network . Tegna retained "old" Gannett's stock price history, though it trades under a new ticker symbol, TGNA. 14% of TEGNA employees are Black or African American. 703-873-6366 TEGNA has great employee retention with staff members usually staying with the company for 5.1 years. 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. The data presented on this page does not represent the view of TEGNA and its employees or that of Zippia. . On average, employees at TEGNA stay with the company for 5.1 years. Free cash flow is reviewed by the Board of Directors as a percentage of revenue over a trailing two-year period (reflecting both an even and odd year reporting period given the political cyclicality of the business). Management and the companys Board of Directors use non-GAAP financial measures for purposes of evaluating company performance. [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]. Being a big, bold thinker/innovator and at times, disruptor, for the station. The sale was approved by Standard General and Apollo Global Management on May 17, 2022. GAAP earnings per diluted share were $2.81 and non-GAAP earnings per diluted share were $2.83. After extensive research and analysis, Zippia's data science team found that: 50% of TEGNA employees are women, while 50% are men. TEGNA and FOX Renew Affiliation Agreement - foxcorporation TEGNA Inc. (NYSE: TGNA) is an innovative media company that serves the greater good of our communities. 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.. (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 . Subscription revenue was a fourth quarter record of $372 million, up 11 percent year-over-year, due to rate increases, partially offset by subscriber declines and the comparison to the DISH disruption in 2021. Total company Adjusted EBITDA was $948 million, down seven percent year-over-year due to the absence of record high-margin political revenue reported in 2020. On June 29, 2015, the Gannett Company split in two, specializing in print media and the other specializing in broadcast and digital media. [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. Involved in the Gannett Company's 1997 station trade deal with. On June 29, 2015, the Gannett Company split in two, specializing in print media and the other specializing in broadcast and digital media. This page was last edited on 4 March 2023, at 07:53. TEGNA is currently evaluating its options. Again, the wording is low biased such as this: What Arizona lawmakers have to say about Wednesdays Iran briefing. LibGuides: Media Bias: Which Way Does Your News Lean? Achieved record year for company revenue, subscription revenue, net income, and Adjusted EBITDA, Achieved sustained progress toward TEGNAs 2025 Diversity, Equity and Inclusion (DE&I) goals to grow Black, Indigenous and People of Color (BIPOC) representation in company leadership as well as content teams. in preparation forTegnas annual shareholders meeting scheduled for May 7. 1998 - 2023 Nexstar Media Inc. | All Rights Reserved. After evaluating this opportunity against TEGNAs standalone prospects and other strategic alternatives, our Board concluded that this transaction maximizes value for TEGNA shareholders. Jakes, was co-produced by Debmar-Mercury, Tegna Media, 44 Blue Productions, Jakes' own production company, TDJ Enterprises and EnLight Productions and lasted from August 17, 2016, to September 8, 2017. 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. Like Adjusted EBITDA, free cash flow is not intended to be a measure of cash flow available for managements discretionary use. 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." [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. 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. 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. The document was filed with the SEC by Standard Generalin preparation forTegnas annual shareholders meeting scheduled for May 7. 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. 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. Good luck, the letter concluded. About TEGNA. In 2012, before Tegna made its 2015 split from newspaper publishing company Gannett Co. Inc., political advertising hit $56 million in revenue in the third quarter and $144 million in the fourth . Users should consider the limitations of using Adjusted EBITDA, including the fact that this measure does not provide a complete measure of our operating performance. 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. Best Media Companies to Work For in Virginia, Best Media Companies to Work For in McLean, VA. The salaries at Discovery average $66,912 per year, and the salaries at Univision Holdings, Inc. come in at $65,488 per year. An affiliate of Standard General will hold substantially all of the voting, common equity in the new entity that is acquiring TEGNA, with CMG and funds managed by affiliates of Apollo Global Management to hold securities in the new entity that will be non-voting and non-attributable and with other investors holding non-voting interests. Head of Technology & Chief Engineer job in Huntsville at Tegna 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. 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. Record subscription revenue of $1.5 billion was up four percent year-over-year, driven by rate increases and partially offset by subscriber declines. Political revenue was a record for a non-presidential election year at $341 million, up 21 percent from 2018 on a pro forma basis1. TEGNA Inc. Reports Fourth Quarter and Full-Year 2022 Results What you need to know from Costco's earnings call TEGNA Inc. Reports Fourth Quarter and Full-Year 2022 Results February 27,. The largest donation made to a political party by a TEGNA employee was Three things to know about what critics are calling Mississippis Jim Judiciary Democrats go after GOP whistleblowers in FBI probes, Trump asks for roughly six-month delay in New York fraud case, Pelosi on DC crime bill: I wish Biden wouldve told us first, Mike Lindell calls DeSantis a Trojan Horse. Media Type: TV Station GAAP operating expenses were $589 million, up four percent year-over-year, and non-GAAP operating expenses were $587 million, up four percent year-over-year, with the increases predominantly driven by investments in Premions growth and programming costs. We are a drug free, EEO employer committed to a diverse workforce. 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. 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). 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. [39] Tegna's shareholders chose to re-elect all 12 current board members. Pay is not commensurate with experience and talent. It has an unusually high proportion of employees who are members of the Democratic Party, at 87.0%. The sale includes a clause that will slowly increase the value that Standard and Apollo will pay per-share if the sale takes longer than nine months to close. Richard Moody donated 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. TEGNA Inc Company Profile - Overview - GlobalData We look forward to building on the Companys strong foundation and leveraging Debs deep industry experience to drive further growth.. [8] The two companies, however, continued to share a headquarters complex. Upon completion of the transaction, TEGNA will become a private company and its shares will no longer be traded on the New York Stock Exchange. TEGNA Inc. Reports Fourth Quarter and Full-Year 2022 Results | TEGNA Inc. Automotive advertising revenue rebounded in the quarter with strong year-over-year growth. In review, 12 News KPNX reports local news primarily through TV news video and accompanying text. For more information, visitwww.TEGNA.com. 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. [45], On February 22, 2022, Tegna announced that it had agreed to be taken private by a group led by Standard General and Apollo Global Management for $24 per-share, valuing the company at $5.4 billion. 1 "Pro forma" reflects our 2019 acquisitions of certain television stations divested by Gray, Dispatch, Nexstar and Tribune as if they had been completed on January 1, 2018. With 63 television stations in 51 U.S. markets, TEGNA is the largest owner of top 4 network affiliates in the top . We calculated the diversity score of companies by measuring multiple factors, including the ethnic background, gender identity, and language skills of their workforce. [16], Tegna and Cooper Media, parent corporation of the Justice Network, announced on November 7, 2017, a new multicast network, Quest. Marketing Director Job in Washington, DC - Tegna | CareerBuilder.com TEGNA Reporter Job in Columbus, OH | Glassdoor to be nominated as a board member for Tegna, citing an incident where CEO Dave Lougee assumed he was a hotel valet, and also potential conflicts of interest. 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. We have never been more certain of the importance of our role than we are today. In Q4, Locked On set a quarterly record with a total audience of more than 66 million listens and views. [54], Other shows Tegna Media has on first-run syndication across most of its stations are Sister Circle (also shown on cable network TV One),[55] and reality competition Sing Like A Star. TEGNA (TGNA) and NBC Ink Multi-Year Deal to Renew . [21], On August 20, 2018, Tegna agreed to purchase two stations spun off from the Gray Television-Raycom Media merger, CBS affiliate WTOL-TV in Toledo (the sale likely includes rights to an existing shared services agreement with American Spirit Media-owned Fox affiliate WUPW) and NBC affiliate KWES-TV in Odessa in order to alleviate ownership conflicts involving Gray's ownership of ABC affiliate WTVG in the Toledo market and CBS affiliate KOSA-TV in the Odessa market. Non-GAAP operating expenses less programming and Premion costs were down one percent compared to the fourth quarter of 2021. 212-355-4449, TEGNA The Company undertakes no obligation to update or to revise any forward-looking statements. Our estimates are verified against BLS, Census, and current job openings data for accuracy. 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. accusations of broad pattern of bias and racially-insensitive behavior that were shared with the media company by its largest active shareholder. [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. Sports Multi-Skilled Journalist Job in Indianapolis, IN at Tegna TEGNA-SVC@SARDVERB.com, For investor inquiries, contact: The company also discusses Adjusted EBITDA (with and without corporate expenses), a non-GAAP financial performance measure that it believes offers a useful view of the overall operation of its businesses. Right Bias: How we rate the bias of media sources. The company creates and delivers television programming and digital content, and information across various platforms. The TEGNA Foundation supports nonprofit organizations in communities served by TEGNA Inc. family responsibilities, disability, enrollment in college or vocational school, political . None of the information on this page has been provided or approved by TEGNA. TEGNA achieved net income of $219 million on a GAAP basis, or $221 million on a non-GAAP basis. They also referenced image consultants advising Asian reporters how to use makeup so their eyes looked more Western and requiring Latinx employees to disclose their own immigration status when broadcasting about such issues. The letter did not mention how recently those two instances or practices occurred. [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. Richard Moody donated $2,850 to the Democratic Party. A newSecurities and Exchange Commission (SEC) filingconcerningTegna includesaccusations of broad pattern of bias and racially-insensitive behavior that were shared with the media company by its largest active shareholder. Do Democrats need a past superstar to hold the White House in 2024? Auto advertising saw sequential improvement throughout the year finishing with strong growth in the fourth quarter. (Press Release). The split was completed on June 29, 2015. [3] [4] It was created on June 29, 2015, when the Gannett Company split into two publicly traded companies. Here's one research-based answer to the question of liberal bias: The documentary The Myth of the Liberal Media: The Propaganda Model of News uses empirical evidence to look at ownership of the mainstream news media, filters that affect what news gets published, and examples of actual news coverage in order to show that conservative political and corporate . 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 local affiliate I work for in Des Moines is very poorly managed. TEGNA Parties Democratic Party 87.5 % - Republican Party 12.5 % - Employee Political Donations Conservative companies - Conservapedia Non-GAAP operating expenses less programming and Premion costs were down one percent compared to 2021. Because of this, WHEC-TV and WDAN-TV are the only television stations built from the ground-up by Gannett. Gannett Company spun-off most of its internet media properties to Tegna. TEGNA hiring Producer in Corpus Christi, Texas, United States | LinkedIn Does Mexico want to be the next Nicaragua? [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.

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