TEGNA(TGNA) - 2023 Q4 - Annual Results

Provides full-year 2024 outlook and free cash flow guidance for 2024-2025 Plans to return 40-60% of 2024-2025 free cash flow to shareholders through new capital allocation framework; represents an expected return of capital of $1.3 billion from the date of merger termination through 2025, with$350 million commitment in 2024 Received $153 million of pre-tax cash proceeds from the sale of ownership interest in BMI (Broadcast Music, Inc.) Board authorizes new two-year$650 million share repurchase to capitali ...