Core Insights - TEGNA operates as one of the largest local broadcasters in the U.S., focusing on local news, weather, lifestyle, and sports programming, while increasingly relying on live sports to attract audiences amid declining linear TV viewership [1][4] Group 1: Partnership and Audience Reach - TEGNA's renewal of its partnership with Altitude Sports is strategically significant, allowing its Denver stations to broadcast 20 Denver Nuggets and 20 Colorado Avalanche games free over-the-air, reaching nearly 3.5 million viewers without requiring a cable subscription [2][5] - This partnership enhances TEGNA's distribution while preserving Altitude's production and established on-air talent, ensuring continuity for fans [2][5] Group 2: Competitive Landscape - TEGNA faces competition from Fox, Nexstar, and Sinclair in the live sports programming space, with each competitor leveraging different strategies to engage audiences and advertisers [3] - Fox maintains a strong presence in regional sports broadcasting, while Nexstar aggressively expands into live sports through rights deals, and Sinclair, despite financial challenges, remains influential in local sports distribution [3] Group 3: Investment Outlook - The extension of the Altitude Sports partnership highlights TEGNA's strategy to utilize local sports to enhance community presence and advertising revenue, potentially supporting ad pricing and sponsorships [4] - The success of this model in other markets and sports partnerships will be crucial for TEGNA, as live sports could serve as a growth lever to counteract declining linear TV consumption [4]

Core Viewpoint - The cancellation of "Jimmy Kimmel Live!" by ABC and Disney has created significant ripples in the broadcast industry, with competitors like Nexstar Media Group leveraging the situation amid political unrest [2][3]. Industry Impact - The suspension of "Jimmy Kimmel Live!" on September 17, 2025, was a response to comedian Jimmy Kimmel's controversial comments, leading to alternative programming being aired by other networks [3]. - Nexstar Media Group has chosen to keep the show on pause indefinitely, a decision that may reflect both viewer alienation in swing markets and a strategic move to align with the current administration as it seeks to acquire Tegna, Inc. in 2026 [4][8]. Strategic Moves - Nexstar's founder, Perry Sook, is seen as potentially exploiting the turmoil to advance the company's acquisition bid for Tegna, indicating a strategic alignment with regulatory pressures [5][8]. - The decision to pull politically charged programming could signal Nexstar's willingness to censor content under the guise of serving the "public interest," which aligns with Sook's previous statements on reducing "activist journalism" [8]. Regulatory Environment - The FCC's focus on enforcing the "public interest rule" raises questions about the definition and implications of such regulations, particularly concerning perceived biases in broadcasting [6]. - Concerns about media polarization and censorship are heightened as local affiliates like Nexstar gain more control over national content, potentially shifting power dynamics in the industry [11]. Future Considerations - The ongoing situation with Nexstar and its potential acquisition of Tegna could lead to increased media consolidation, raising anticompetition concerns and impacting the diversity of viewpoints available to the public [8][11]. - The ability of large affiliate owners to censor content may challenge the traditional network-affiliate relationship, affecting the autonomy of national broadcasters [9][11].

Core Viewpoint - The suspension of Jimmy Kimmel's show by local affiliates Nexstar and Sinclair highlights the complex relationship between local TV stations and national broadcasters, particularly in the context of differing audience values and programming decisions [1][16]. Group 1: Company Overview - Nexstar Media Group operates 28 ABC affiliates and owns or partners with over 200 stations across 116 U.S. markets, including major cities like Nashville and New Orleans [5][6]. - Sinclair Broadcast Group operates 38 local ABC affiliates and owns or provides services to 178 TV stations in 81 markets, maintaining a conservative viewpoint in its broadcasts [7][8]. Group 2: Recent Developments - Nexstar announced a $6.2 billion deal to acquire TEGNA Inc., which owns 64 additional TV stations, pending changes to FCC rules on station ownership [6][17]. - Sinclair has decided to preempt Kimmel's show with local news programming, indicating ongoing discussions with ABC regarding the show's potential return [7][17]. Group 3: Industry Dynamics - Local affiliates rely on national broadcasters for programming while also producing their own local content, sharing advertising revenue [9][10]. - The balance of power may favor ABC over local affiliates, as the ABC network constitutes a small percentage of Disney's overall revenue, allowing for alternative distribution methods [15][16]. Group 4: Controversies and Influence - Sinclair faced backlash in 2018 for requiring local anchors to read identical statements, showcasing the influence of corporate directives on local news [12][17]. - The current situation with Kimmel reflects a broader tension between national programming and the values of conservative-leaning communities served by affiliates like Sinclair and Nexstar [15][16].

Core Viewpoint - The ongoing tension between local TV station owners, specifically Nexstar Media Group and Sinclair Broadcast Group, and national broadcaster ABC regarding the airing of Jimmy Kimmel's show highlights the complex relationship and influence these local affiliates have over national programming [1][2][15]. Nexstar Media Group - Nexstar Media Group operates 28 ABC affiliates and has decided to preempt Jimmy Kimmel's show, emphasizing the need for respectful dialogue in their markets [3][4]. - The company owns or partners with over 200 stations across 116 U.S. markets and is expanding, recently announcing a $6.2 billion deal to acquire TEGNA Inc., which owns 64 additional TV stations [4][5]. - Nexstar's ABC affiliates are located in various cities, including Nashville, New Orleans, and Salt Lake City, and the company plans to focus on local news and relevant programming [3][4]. Sinclair Broadcast Group - Sinclair Broadcast Group operates 38 local ABC affiliates and has a reputation for conservative viewpoints in its broadcasts [6][7]. - The company has stated it will replace Kimmel's show with news programming while discussions with ABC continue regarding the show's potential return [6][7]. - Sinclair owns or provides services to 178 TV stations in 81 markets and also owns the Tennis Channel [7]. Relationship Between Affiliates and National Broadcasters - Local TV affiliates rely on national broadcasters for programming while also producing their own local content, sharing advertising revenue [8][9]. - Affiliates retain 100% of ad revenue from local programming, but national shows typically attract higher ratings and advertising dollars [10]. - The influence of local affiliates is significant, especially in smaller markets where viewership for national shows like Kimmel may be lower [11]. Industry Controversies and Dynamics - Sinclair has faced scrutiny for its broadcasting practices, including a viral video in 2018 where local anchors read identical statements [12]. - Research indicates that Nexstar is a major duplicator of news content, raising concerns about the diversity of local news [13]. - The consolidation of media companies has led to increased influence over programming decisions, revealing tensions between national agendas and local community values [16]. Power Dynamics - The balance of power in the relationship between ABC and its affiliates may favor ABC, as the network's revenue from local affiliates is a small percentage of Disney's overall income [16][17]. - ABC has alternative distribution methods through streaming services and cable networks, which may reduce its reliance on local affiliates for viewership and revenue [17].

Core Points - Kroenke Sports & Entertainment (KSE) has extended its agreement with TEGNA to broadcast 20 Denver Nuggets games and 20 Colorado Avalanche games for free over-the-air on local stations [1][2] - The partnership aims to provide access to nearly 3.5 million people in the Denver metro area, allowing fans to watch their teams even if they cannot attend games at Ball Arena [2][3] - The broadcast will feature the same production team from Altitude Sports, ensuring continuity in coverage and fan engagement [3] Group 1: Broadcast Agreement - The new agreement will allow a total of 40 games from the Nuggets and Avalanche to be aired on KTVD, with simultaneous broadcasts on 9NEWS [2] - Last season, the Nuggets advanced to the NBA's Western Conference Semifinals and the Avalanche participated in the NHL's Stanley Cup Playoffs, attracting millions of viewers [2] Group 2: Altitude Sports Availability - Altitude Sports remains available across its nine-state territory through various providers, including Xfinity TV and DIRECTV [4] - The Altitude+ app allows fans to stream games and access additional programming, available for $199.99 per year or $19.95 per month [5][6] Group 3: Company Background - Kroenke Sports & Entertainment is a major player in sports and entertainment, owning multiple teams and venues, including the Denver Nuggets and Colorado Avalanche [8] - TEGNA operates 64 television stations, reaching over 100 million people monthly, focusing on local news and community engagement [10]

Group 1 - Class Action Attorney Juan Monteverde's firm has recovered millions for shareholders and is recognized as a Top 50 Firm in the 2024 ISS Securities Class Action Services Report [1] - Chart Industries, Inc. is under investigation related to its sale to Baker Hughes Co. for $210.00 per share in cash, with a shareholder vote scheduled for October 6, 2025 [1] - Banco Bilbao Vizcaya Argentaria, S.A. is set to acquire Banco de Sabadell, offering one newly issued share and €0.70 in cash for each 5.5483 shares tendered, with the tender offer expiring on October 7, 2025 [2] - Vimeo, Inc. shareholders will receive $7.85 in cash per share in its sale to Bending Spoons US Inc. [3] - TEGNA Inc. shareholders will receive $22.00 per share in cash in its sale to Nexstar Media Group, Inc. [3] Group 2 - Monteverde & Associates PC is a national class action securities firm with a successful track record in trial and appellate courts, including the U.S. Supreme Court [4] - The firm emphasizes that no company, director, or officer is above the law, encouraging shareholders with concerns to reach out for additional information [5]

Group 1 - The ongoing partisan divide in the United States is intensifying, with increasing concerns about the influence of "gatekeepers" in various institutions, including the Federal Communications Commission (FCC) [1][2] - The rise of the internet and social media has transformed identity politics into a broader "culture war," affecting the business landscape and media discourse [2] - Recent controversies have involved major corporations like Cracker Barrel and ABC, with ABC's decision to pull "Jimmy Kimmel Live!" off the air following controversial remarks, highlighting the intersection of media and political discourse [3][4] Group 2 - FCC Chairman Brendan Carr has indicated that the agency may take action against TV broadcasters to ensure they operate in the public interest, emphasizing the need to avoid partisan bias in programming [4] - The FCC's role in regulating broadcasters is distinct from that of cable channels and streaming services, which do not have the same public interest obligations [4]

Company Overview - TEGNA Inc. (TGNA) currently holds a Momentum Style Score of B, indicating a favorable position in momentum investing [3] - The company has a Zacks Rank of 2 (Buy), suggesting strong potential for outperformance in the market [4] Performance Metrics - Over the past week, TGNA shares increased by 0.57%, outperforming the Zacks Broadcast Radio and Television industry, which rose by 0.52% [6] - In a longer time frame, TGNA's monthly price change is 29.4%, significantly higher than the industry's 4.34% [6] - Over the past quarter, TGNA shares have increased by 25.27%, and over the last year, they have gained 51.11%, while the S&P 500 only moved 8.34% and 14.94%, respectively [7] Trading Volume - The average 20-day trading volume for TGNA is 5,474,775 shares, which serves as a bullish indicator when combined with rising stock prices [8] Earnings Outlook - In the past two months, one earnings estimate for TGNA has moved higher, while none have moved lower, resulting in an increase in the consensus estimate from $1.61 to $1.66 [10] - For the next fiscal year, one estimate has also moved upwards with no downward revisions during the same period [10] Conclusion - Considering the performance metrics, trading volume, and earnings outlook, TGNA is positioned as a 2 (Buy) stock with a Momentum Score of B, making it a potential candidate for near-term investment [12]

Technical Analysis - TEGNA Inc. (TGNA) has reached a significant support level, indicating a potential investment opportunity from a technical perspective [1] - A "golden cross" has occurred, where TGNA's 50-day simple moving average has broken above its 200-day moving average, suggesting a bullish breakout may be imminent [1] - The golden cross pattern typically indicates stronger breakouts due to the involvement of longer time periods [1] Market Performance - TGNA has experienced a rally of 24.8% over the past four weeks, indicating positive momentum [3] - The company currently holds a 3 (Hold) rating on the Zacks Rank, suggesting it could be poised for further breakout [3] Earnings Outlook - There have been no cuts to earnings estimates for the current quarter, with one revision higher in the past 60 days, indicating a positive earnings outlook [3] - The Zacks Consensus Estimate for TGNA has also increased, further solidifying the bullish case for the company [3] Investment Consideration - Given the technical indicators and positive movement in earnings estimates, investors are encouraged to consider adding TGNA to their watchlist [5]

Core Insights - TEGNA Inc. has appointed Brent Denny as president and general manager of WTHR and WALV in Indianapolis, effective immediately, with a focus on financial performance and business strategy [1][9] Group 1: Leadership and Experience - Brent Denny brings over 30 years of broadcast experience, having spent the last 11 years at WTHR/WALV in various senior roles, most recently as director of sales, where he significantly contributed to revenue growth and advertiser relationships [2] - Prior to his tenure at WTHR/WALV, Denny held multiple leadership positions at WISH-TV/WNDY in Indianapolis for over eight years, focusing on strategy, planning, forecasting, and budgeting [3] Group 2: Community and Vision - Larry Delia, senior vice president at TEGNA, praised Denny's talent and ability to foster collaboration and community relationships, expressing confidence in his leadership at WTHR/WALV [4] - Denny expressed his commitment to maintaining the legacy of WTHR/WALV as a news leader in Indianapolis while exploring new ways to serve the community [4] Group 3: Company Overview - TEGNA Inc. operates 64 television stations across 51 U.S. markets, reaching over 100 million people monthly through various platforms, emphasizing its role in providing trusted local news and services [5]