Gannett purchased the construction permit for WINR-TV and signed the station on in 1957. TEGNA Inc (TGNA) - Strategy, SWOT a [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." TEGNA owns and operates ABC affiliates in nine markets across the country . KPNX also has a section dedicated to politics covering national politics through the Associated Press and local Arizona politics through 12 News TV. In October 2022, Chair of the House Energy and Commerce Committee Frank Pallone and Speaker of the House Nancy Pelosi issued a letter to the FCC expressing concerns for the transaction, arguing that it "would violate the FCC's mandate by restricting access to local news coverage, cutting jobs at local television stations, and raising prices on consumers." 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. TEGNA Inc. (Tegna), and SCGI Holdings III LLC, an affiliate of Standard General L.P. (SCGI and Standard General), have filed applications to transfer control of Tegna and the licenses of 64 full-power television stations and two full-power radio stations from Tegna's current shareholders to SCGI. Across platforms, TEGNA tells empowering stories, conducts impactful investigations and delivers innovative marketing solutions. 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. TEGNA also delivers innovative and unparalleled solutions for advertisers through TEGNA Marketing Solutions (TMS). 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 . The national average salary for a TEGNA employee in the United States is $56,684 per year. 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. This position will report directly to the Regional Head of Technology and Operations. They state. 14% of TEGNA employees are Black or African American. In review, 12 News KPNX reports local news primarily through TV news video and accompanying text. Total cash at the end of the quarter was $552 million. Each such statement speaks only as of the day it was made. The transaction, which the. This page was last edited on 4 March 2023, at 07:53. 12news.com is the website for KPNX that covers news, sports, and weather. [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. 12news.com is the website for KPNX that covers news, sports, and weather. As community needs differ by region, please check with your local Community Grant contact to learn what needs are being addressed in your area. Across platforms, TEGNA tells empowering stories, conducts impactful investigations and delivers innovative marketing solutions. [20] The acquisition was completed on February 15, 2018. Total company Adjusted EBITDA2 was $361 million, representing an increase of 47 percent compared to the fourth quarter of 2021. THE HILL 1625 K STREET, NW SUITE 900 WASHINGTON DC 20006 | 202-628-8500 TEL | 202-628-8503 FAX. The station needs an outstanding talent to bring viewers to the biggest sporting events in Indiana including extensive coverage of the . Being a big, bold thinker/innovator and at times, disruptor, for the station. Our estimates are verified against BLS, Census, and current job openings data for accuracy. Founded in 1953, 12 News KPNX is an NBC affiliate based in Phoenix, Arizona. [8] The two companies, however, continued to share a headquarters complex. 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. 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. TEGNA INC MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS (form 10-K) . Stations are listed alphabetically by state and city of license. That is where the problem is and will remain unless exposed. 703-873-6747 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. Owned by Sander Media from 2013 to 2015 and operated by Gannett/Tegna prior to its acquisition by Tegna Inc. in 2015. We have made significant progress in recent years, but our record is not perfect, the spokesperson said in an emailed statement. 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. 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. With 63 television stations in 51 U.S. markets, TEGNA is the largest owner of top 4 network affiliates in the top . 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. We are a drug free, EEO employer committed to a diverse workforce. We look forward to building on the Companys strong foundation and leveraging Debs deep industry experience to drive further growth.. Senior Vice President, Financial Planning & Analysis When asked about the allegations, a company spokesperson said improving diversity, equity and inclusionat Tegna is a top priority for the company. The company is 49.5% female and 39.7% ethnic minorities. See all Least Biased Sources. Julie Heskett [53], T.D. Cofactor Digital (ShopLocal) On December 15, 2016, sold Cofactor to Liquidus, a digital marketing solutions company. enrollment in college or vocational school, political affiliation, veteran . TEGNA employees are most likely to be members of the Democratic Party. Subsidiaries to TEGNA include Central Newspapers, Florida Today, and THV11. 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. [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. Company Participants. 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 . 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. The TEGNA Foundation supports nonprofit organizations in communities served by TEGNA Inc. Hopefully, your team can look into this and get Tegna cleaned up from the top. We are deeply gratified that TEGNAs new owners value and embrace our purpose to serve the greater good of our communities. Tegna's digital advertising subsidiary Premion will be held as a standalone business between Standard and CMG. Ad-Free Sign up Right Bias: How we rate the bias of media sources. After extensive research and analysis, Zippia's data science team found that: 50% of TEGNA employees are women, while 50% are men. 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. MBFC Credibility Rating: HIGH CREDIBILITY. Good luck, the letter concluded. The company, which will retain the Tegna name, will be controlled by an affiliate of Standard General, with Standard Media CEO Deb McDermott (who previously led Young Broadcasting and Media General) becoming CEO. While these items should not be disregarded in evaluation of our earnings performance, it is useful to exclude such items when analyzing current results and trends compared to other periods as these items can vary significantly from period to period depending on specific underlying transactions or events that may occur. 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. 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. As a result, the TEGNA Foundation approved more than 2,150 employee matching gifts, which combined with TEGNA Foundation matches totaled more than $2 million in donations to the causes and nonprofits employees care about. Media Type: TV Station 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. For the former Swiss municipality, see, This article is about Tegna, formerly Gannett, as a broadcast and digital media company. 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. The employee data is based on information from people who have self-reported their past or current employments at TEGNA. On. [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. Free cash flow3 was $297 million for the quarter. Sunday shows preview: US-China relations remain on shaky ground, 2024 election looms. Across platforms, TEGNA tells empowering stories, conducts impactful investigations and delivers innovative marketing solutions. 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. Tegna owns or operates 66 television stations in 54 markets, and holds properties in digital media. 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. $2,850 to the Democratic Party. . Press Freedom Rating: MOSTLY FREE 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. National and International news is provided by the Associated Press as well as other TEGNA TV stations. 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, The filing comes less than a month after media attorney and consultant Adonis Hoffman. [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. 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. 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. 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. To serve the greater good of our communities. 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. Local information is presented with minimally loaded wording such as this: Wrong-way driver stopped on I-10 Sunday morning. 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. The "new" Gannett inherited old Gannett's longtime ticker symbol, GCI. They state TEGNAs purpose is to serve the greater good of our communities. 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. Local information is presented with minimally loaded wording such as this: Media Bias Fact Check offers a number of sustaining Ad-Free membership plans to fit your budget!
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