Core Insights - TEGNA Inc. (TGNA) is expected to report quarterly earnings of $0.34 per share, reflecting a year-over-year decline of 24.4% [1] - Projected revenues for TEGNA are $677.17 million, down 5.2% from the same quarter last year [1] - Analysts have revised their consensus EPS estimate downward by 5.6% over the past 30 days, indicating a reassessment of initial projections [1] Revenue Breakdown - 'Revenues- Political' are estimated to reach $5.30 million, indicating a significant year-over-year decline of 81% [4] - 'Revenues- Subscription' are projected at $367.46 million, reflecting a decrease of 2.1% from the prior year [4] - 'Revenues- Advertising & Marketing Services' are expected to be $291.96 million, showing a decline of 2.3% year-over-year [4] - 'Revenues- Other' are anticipated to reach $12.45 million, suggesting a slight increase of 0.3% year-over-year [5] Market Performance - TEGNA shares have increased by 4.8% over the past month, compared to a 10.6% increase in the Zacks S&P 500 composite [6] - TEGNA holds a Zacks Rank 3 (Hold), indicating it is expected to closely follow overall market performance in the near term [6]

Core Insights - The Zacks Broadcast Radio and Television industry is experiencing challenges due to cord-cutting, but companies like Netflix, Gray Media, Fox Corporation, and TEGNA are benefiting from increased digital content consumption and diverse offerings [1][2]. Industry Overview - The industry includes companies providing entertainment, sports, news, and musical content across various platforms, generating revenue through program sales, advertising, and subscriptions [2]. - There is a shift towards a variable cost model to enhance flexibility and reduce fixed costs amid evolving market dynamics [2]. Trends - Companies are diversifying content for OTT services to adapt to changing consumer preferences, which is expected to boost ad revenues [3]. - The rise in digital viewing is driving demand for tailored content, leveraging AI and machine learning for user engagement [4]. - The macroeconomic landscape, including high inflation and competition from tech companies, is impacting advertising budgets and revenue growth [5]. - The introduction of low-priced "skinny bundles" is changing revenue dynamics, potentially dampening top-line performance [6]. Performance Metrics - The industry ranks 41 in the Zacks Industry Rank, indicating it is in the top 17% of over 250 industries, with a positive earnings outlook [7][9]. - The industry has outperformed the broader Zacks Consumer Discretionary sector and the S&P 500, gaining 54.4% over the past year compared to 2% and 1.5% respectively [11]. - The current EV/EBITDA ratio for the industry is 15.35X, slightly above the S&P 500's 15.19X [14]. Company Highlights - **Fox Corporation**: Demonstrated strong financial momentum with a 20% revenue growth and record EBITDA of $781 million, while also expanding its audience share and attracting new advertisers [17][18]. - **TEGNA**: Focused on modernization and technology deployment, targeting $90-$100 million in annualized savings, with a strong balance sheet and digital transformation initiatives [22][24]. - **Netflix**: Achieved first-quarter revenues of $10.54 billion, up 12.5% year over year, with a growing subscriber base and ambitious revenue targets [27][28]. - **Gray Media**: Positioned to capitalize on market-leading stations and diversified revenue streams, with successful partnerships in local sports and a focus on reducing debt [31][35].

TYSONS, Va. and INDIANAPOLIS, April 17, 2025 (GLOBE NEWSWIRE) -- The Indiana Fever and WTHR, the TEGNA owned NBC affiliate in Indianapolis, today announced a multi-year extension of their landmark distribution agreement to deliver more exciting basketball action to central Indiana fans than ever before. WTHR and WALV, TEGNA's MeTV affiliate, will air 18 games locally, giving fans across central Indiana unprecedented access to watch the Fever in action as they fight for a return to the WNBA playoffs. Last se ...

Core Insights - Premion has launched expanded capabilities and new tools for advertisers to optimize campaigns across channels, integrating Octillion to enhance its local CTV platform and demand side platform (DSP) [1][2] Group 1: Advertising Solutions - Premion's DSP offers a privacy-focused, cookieless platform that improves audience targeting and campaign performance, featuring a powerful device graph for seamless identity resolution [2] - The DSP integrates CTV into a broader omnichannel strategy, allowing advertisers to combine CTV with video, audio, display, and retargeting for a unified approach [4] - The Co-Op advertising solution enhances return on ad spend (ROAS) by eliminating campaign competition and sharing costs among brand partners, maximizing exposure and ensuring consistent branding [5] Group 2: Publisher Relationships - Premion is expanding partnerships with major publishers, providing access to differentiated demand and scalable solutions that complement national direct sales efforts while unlocking new local revenue opportunities [6] Group 3: Brand Safety and Recognition - Premion has achieved "TAG Platinum" status for brand safety and fraud protection, reinforcing its commitment to delivering a trusted advertising environment [7] - The company has received multiple industry awards, including recognition for Best Ad Targeting Solution and Outstanding Brand Safety Strategy, highlighting its leadership in the CTV advertising space [9]

For those looking to find strong Consumer Discretionary stocks, it is prudent to search for companies in the group that are outperforming their peers. Has Colruyt SA Unsponsored ADR (CUYTY) been one of those stocks this year? By taking a look at the stock's year-to-date performance in comparison to its Consumer Discretionary peers, we might be able to answer that question.Colruyt SA Unsponsored ADR is a member of our Consumer Discretionary group, which includes 257 different companies and currently sits at ...

Melissa Zimyeski Melissa Zimyeski will lead the product management and design of TEGNA’s consumer digital products. Mat Yurow Mat Yurow will lead audience and revenue growth across the TEGNA’s digital products. TYSONS, Va., March 27, 2025 (GLOBE NEWSWIRE) -- TEGNA Inc. (NYSE: TGNA) today announced today that it has appointed Melissa Zimyeski vice president of product and Mat Yurow vice president of growth reporting to chief experience officer Dhanusha Sivajee. Zimyeski is a proven digital and consum ...

Core Points - TEGNA Inc. will host a conference call to discuss its first quarter 2025 earnings results on May 8, 2025, at 11 a.m. (ET) [1] - The earnings announcement will be released to news outlets before the market opens on the same day [3] - TEGNA operates 64 television stations in 51 U.S. markets, reaching over 100 million people monthly through various platforms [3] Access Information - Participants can access the conference call by registering at investors.TEGNA.com at least 10 minutes prior to the start time [2] - After registration, phone participants will receive dial-in numbers and a unique PIN for access [2] - The webcast will be archived and available on the Investor Relations section of TEGNA's website [3] Company Overview - TEGNA Inc. focuses on providing trusted local news and services, aiming to build a sustainable future for local news [3] - The company emphasizes its role in helping communities thrive through its media services [3]

Investors might want to bet on TEGNA Inc. (TGNA) , as it has been recently upgraded to a Zacks Rank #1 (Strong Buy). This upgrade primarily reflects an upward trend in earnings estimates, which is one of the most powerful forces impacting stock prices.A company's changing earnings picture is at the core of the Zacks rating. The system tracks the Zacks Consensus Estimate -- the consensus measure of EPS estimates from the sell-side analysts covering the stock -- for the current and following years.Since a cha ...

TYSONS, Va., March 17, 2025 (GLOBE NEWSWIRE) -- TEGNA Inc. (NYSE:TGNA) announced today that it is teaming up with Amazon Fire TV Channels to bring college basketball fans a new approach to men's and women's NCAA Tournament coverage. Fans can stream "Fire TV Channels Bracket Breakdown," a new series that will cover the tournament beginning to end, with a single click on Fire TV, Fire tablet, and Echo Show devices. "Bracket Breakdown" combines the expertise of notable players, insights from basketball journal ...

New series offers free, in-depth coverage of the men’s and women’s NCAA Basketball Tournament on Fire TV, Alexa, and Fire tablet devices Fire TV Channels Bracket Breakdown + Locked On “Fire TV Channels Bracket Breakdown” combines the expertise of notable players, insights from basketball journalists, and the local coverage for which TEGNA’s Locked On Podcast Network is known. TYSONS, Va., March 17, 2025 (GLOBE NEWSWIRE) -- TEGNA Inc. (NYSE: TGNA) announced today that it is teaming up with Amazon Fire TV ...