TEGNA, which belongs to the Zacks Broadcast Radio and Television industry, posted revenues of $675.05 million for the quarter ended June 2025, surpassing the Zacks Consensus Estimate by 0.51%. This compares to year-ago revenues of $710.36 million. The company has topped consensus revenue estimates three times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commen ...

"As we announced last year, our Chief Operating Officer, Lynn Beall is retiring on August 31, and I extend my sincere gratitude for her extraordinary leadership and decades of service to local communities across America," Steib added. "She's been a force for good in our industry and an indispensable partner to me in my first year at TEGNA. We are grateful for all Lynn has done for TEGNA and we are going to miss her." FOR IMMEDIATE RELEASE Thursday, August 7, 2025 TEGNA Inc. Reports Second Quarter 2025 Resul ...

Core Insights - TEGNA Inc. reported a 5% decrease in total revenue to $675 million for the second quarter of 2025, primarily due to lower political advertising revenue and advertising and marketing services revenue [3][15][18] - The company reaffirmed its two-year adjusted free cash flow guidance for 2024/2025, estimating it to be between $900 million and $1.1 billion [5][25] - TEGNA's CEO highlighted the company's commitment to enhancing local journalism and expanding digital experiences, alongside a significant increase in local news coverage by 100 hours a day [2][9] Financial Performance - Total company revenue decreased by 5% year-over-year, with distribution revenue remaining flat at $370 million and advertising and marketing services revenue down 4% to $288 million [3][15][18] - GAAP net income attributable to TEGNA Inc. was $68 million, a 17% decline from the previous year, with diluted earnings per share at $0.42 [3][16][34] - Adjusted EBITDA fell 14% to $151 million, primarily due to lower political advertising and AMS revenue, although cost-cutting initiatives provided some offset [3][34] Operational Highlights - The company achieved a net cash flow from operations of $100 million and adjusted free cash flow of $96 million, returning $20 million to shareholders through dividends [3][36] - TEGNA's net leverage ratio stood at 2.8x at the end of the second quarter, with cash and cash equivalents totaling $757 million [3][36] - The company redeemed $250 million of senior notes due in 2026, reflecting proactive debt management [3][36] Strategic Initiatives - TEGNA announced the addition of over 100 hours of new daily local programming across more than 50 markets, aiming to enhance content and distribution channels [9] - The company appointed vice presidents of content to focus on localized storytelling and cross-platform news delivery [9] - A multi-year deal was reached with FOX Corporation to renew station affiliation agreements for six TEGNA markets, covering approximately 7% of TEGNA households [9]

Core Insights - The E.W. Scripps Company (SSP) and TEGNA (TGNA) are adapting to changes in the local media landscape with differing strategies for growth and cost management [1][2] Group 1: SSP Overview - SSP is expanding its local media segment through a station swap with Gray Media, acquiring KKTV, a CBS affiliate, to enhance its presence in the Western U.S. market [3][5] - The company is implementing centralized production and AI tools to improve operational efficiency and manage costs, while keeping employee costs low [4][6] - In Q1 2025, SSP's local media segment generated $325 million in revenues, with a segment profit of $35 million, supported by cost controls and sports programming partnerships [6] Group 2: TGNA Overview - TEGNA is focusing on building a stronger foundation through leadership changes, system upgrades, and a new sales performance structure, while utilizing resource sharing across stations [7] - The company faces challenges with soft consumer confidence and cautious advertising spending, which may impact its near-term advertising performance [8][10] - As of March 31, 2025, TEGNA reported total debt of $3.08 billion and a net leverage ratio of 2.8X, raising concerns about its financial flexibility [9][10] Group 3: Comparative Analysis - Valuation-wise, SSP shares are trading at a Price/Sales ratio of 0.12X, significantly lower than TGNA's 0.94X, indicating a cheaper valuation for SSP [11] - Year-to-date, SSP shares have increased by 41.2%, while TGNA shares have decreased by 8.6%, reflecting differing investor sentiments towards the two companies [13] - SSP is viewed as having better growth potential due to its active strategies and operational efficiency, while TEGNA is seen as struggling with weak demand and stagnant growth [18][19]

Core Points - TEGNA Inc. will host a conference call to discuss its Q2 2025 earnings results on August 7, 2025, at 11 a.m. ET [1] - The earnings announcement will be released 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 [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 [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 that are important to communities [3] - The company aims to build a sustainable future for local news [3]

Core Viewpoint - TEGNA Inc. has appointed Carol Fowler, Julie Wolfe, and Chris Peña as vice presidents of content, effective June 30, 2025, as part of its strategy to enhance local news coverage and invest in content across its stations [4]. Group 1: Appointments and Roles - Carol Fowler has been named vice president of content for TEGNA stations in the Mid-South, overseeing content strategy in regions including St. Louis, Knoxville, and New Orleans [3][7]. - Julie Wolfe will serve as vice president of content for TEGNA stations in the West, managing content strategy in markets such as Phoenix, Sacramento, and Seattle [2][9]. - Chris Peña has been appointed vice president of content for TEGNA's Midwest region, overseeing operations in cities like Cleveland, Indianapolis, and Minneapolis [14][11]. Group 2: Strategic Focus - The new leaders will focus on enhancing the quality, depth, and relevance of local news coverage, emphasizing local impact and practical value of information [5][6]. - Each vice president will oversee specific content priorities, including weather coverage, major stories, morning news strategy, and investigative journalism [5][6]. Group 3: Leadership Experience - Carol Fowler brings over 30 years of experience in digital content strategy and has led award-winning newsrooms, including winning 23 regional RTDNA Edward R. Murrow Awards [7][8]. - Julie Wolfe has a strong background in digital innovation and cross-platform storytelling, having led KING to win 11 Regional Edward R. Murrow Awards this year [9][10]. - Chris Peña has extensive experience in multi-platform content strategy, previously serving as senior vice president of news at Univision Local Media [11][12]. Group 4: Company Commitment - TEGNA is committed to investing in content and has announced plans to add over 100 hours of new daily streaming programming across 51 markets [4]. - The company aims to build a sustainable future for local news, reaching over 100 million people monthly through its 64 television stations [13].

Core Insights - The Nourish North Texas Telethon aims to provide meals to children and families facing hunger during the summer months, airing live on June 26, 2025 [1][4] - Texas has the highest number of food-insecure residents in the U.S., with over 5.4 million individuals affected, including more than 442,000 children in the Dallas-Fort Worth area [2][3] - The telethon seeks to raise funds to provide at least one million meals, with H-E-B matching donations up to $100,000 [4] Organization Overview - The North Texas Food Bank (NTFB) has been active for over 40 years, delivering more than 137 million meals annually through a network of 500 food pantries and organizations [7][8] - The Tarrant Area Food Bank (TAFB) provides over 1 million nutritious meals weekly and focuses on food and nutrition education programs [10] - Both organizations are members of Feeding America, emphasizing their commitment to alleviating hunger and improving health in their communities [10]

Core Viewpoint - TEGNA Inc. is expanding its local news programming by launching live and on-demand newscasts from 7 to 9 a.m. daily in over 50 markets to meet the growing demand for local coverage on connected TV platforms [1][2][3] Group 1: Expansion of Local News Programming - The expansion will deliver over 100 hours of daily breaking news, weather, and traffic to more than 100 million viewers [2] - Stations in 35 markets will actively deliver live, local programming from 7 to 9 a.m. this summer, with over 50 markets expected to have this programming in the fall [4] Group 2: Audience Engagement and Advertiser Opportunities - The new programming allows audiences to watch live news produced by their trusted stations during a time when local coverage has been largely unavailable, enhancing viewer experience [3] - The content expansion is expected to create new opportunities for advertisers to reach audiences regardless of their viewing preferences [3] Group 3: Testing and Viewership Growth - TEGNA stations began testing the live digital news stream in the 7 a.m. time slot earlier this year, with some markets experiencing nearly a 50% month-over-month increase in viewership during severe weather or breaking news [3] Group 4: Accessing the New Programming - Viewers can access the local morning livestreams from 7-9 a.m. through the TEGNA station Plus app on various streaming devices or directly from local station websites [5] Group 5: Company Overview - TEGNA Inc. operates 64 television stations in 51 U.S. markets, reaching over 100 million people monthly across various platforms [6]

Core Points - TEGNA Inc. announced that its stations received a total of 59 Regional Edward R. Murrow Awards, with three awards for overall excellence, highlighting the company's commitment to impactful journalism [1][2] - KING in Seattle stood out by winning 11 awards in the large market television category, showcasing its leadership in local news [1][4] - The Edward R. Murrow Awards, sponsored by the Radio Television Digital News Association (RTDNA), recognize outstanding achievements in broadcast and digital journalism [2] Company Overview - TEGNA Inc. operates 64 television stations across 51 U.S. markets, reaching over 100 million people monthly through various platforms including web, mobile apps, streaming, and linear television [3] - The company focuses on providing trusted local news and services that are essential for community empowerment and sustainability in local journalism [3]

Group 1 - TEGNA Inc. shareholders approved all Board of Directors' proposals at the 2025 annual meeting [1] - Board chair Howard D. Elias, CEO Mike Steib, and several independent directors were re-elected [1] - Karen H. Grimes retired from the Board after five years of service [2] Group 2 - Shareholders approved the compensation of named executive officers on an advisory basis [3] - PricewaterhouseCoopers LLP was ratified as the independent registered public accounting firm for the 2025 fiscal year [3] Group 3 - TEGNA operates 64 television stations in 51 U.S. markets, reaching over 100 million people monthly [4]