Standard General is a minority-controlled and operated organization. They also responded to objections by NewsGuild-CWA describing Standard General as "backed by anonymous investors located in the Cayman Islands", stating that the entirety of its board is represented by U.S. Robert Dickey who led Gannett's newspaper group would continue as CEO of the company as a sole newspaper publisher, leaving the former broadcasting and digital operations under the leadership of Gracia Martore. In review, 12 News KPNX reports local news primarily through TV news video and accompanying text. 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. The company is 49.5% female and 39.7% ethnic minorities. We have clear processes for promptly investigating and addressing inappropriate workplace conduct at all levels of the organization. We tell stories that matter, are an advocate for those in need and help bring positive change to our communities. TEGNA is currently evaluating its options. TEGNA Inc. - 2020 Annual Report Letter To Shareholders Dear Fellow Shareholders, TEGNA's purpose is to serve the greater good of our communities through empowering stories, impactful investigations and innovative marketing services. 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 . 3 min read TEGNA TGNA and Comcast 's CMCSA NBC recently announced the extension. TEGNA offers innovative solutions to help businesses reach consumers across television, digital and over-the-top (OTT) platforms, including Premion, TEGNAs OTT advertising service. They also referenced image consultants advising Asian reporters how to use makeup so their eyes looked more Western and requiring Latinx employees to disclose their own immigration status when broadcasting about such issues. The letter did not mention how recently those two instances or practices occurred. Tegna owns or operates 68 television stations located in 54 markets (including fourteen duopolies); it also owns two radio stations in Columbus, Ohio. accusations of broad pattern of bias and racially-insensitive behavior that were shared with the media company by its largest active shareholder. Using rigorous methodology, the media bias chart evaluates popular media outlets and the way in which they tend to lean: centrist, conservative, or liberal. Employees seem to enjoy working in an otherwise diverse workplace that is dominated by members of the Democratic Party. 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. Cautionary Statement Regarding Forward-Looking Statements. 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. The factors described above cannot be controlled by the Company. Dave Lougee is President/CEO at Tegna Inc. See Dave Lougee's compensation, career history, education, & memberships. That is where the problem is and will remain unless exposed. For more information, visit www.TEGNA.com. These cable networks were owned by Belo prior to acquisition by Gannett/Tegna: "TEGNA" redirects here. The broadcasting company retained KPNX, which took the name TEGNA. TEGNA achieved net income of $219 million on a GAAP basis, or $221 million on a non-GAAP basis. Press Freedom Rating: MOSTLY FREE TEGNA Employee Political Affiliation TEGNA employees are most likely to be members of the Democratic Party. 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. The transaction consideration represents a premium of approximately 39% to TEGNAs unaffected closing share price on September 14, 2021, the last full trading day prior to media speculation about a potential sale of TEGNA, and a premium of approximately 11% to TEGNAs all-time high closing price since separation from the Gannett publishing business in 2015. All plans give access to our growing exclusive content! The studio's first content would be true crime podcasts, drawing on its station news content. Read our profile on the United States government and media. 703-873-6366 TYSONS, Va., February 27, 2023--(BUSINESS WIRE)--TEGNA Inc. (NYSE: TGNA) today announced financial results for the fourth quarter and full-year ended December 31, 2022. In 2012, before Tegna made its 2015 split from newspaper publishing company Gannett Co. Inc., political advertising hit $56 million in revenue in the third quarter and $144 million in the fourth . We are deeply gratified that TEGNAs new owners value and embrace our purpose to serve the greater good of our communities. Affiliates of AGM, as well as Cox Media Group (which is principally owned by AGM, with Cox Enterprises as a minority shareholder) and other investors, will hold non-voting shares in the company. Does the media have a liberal bias? For more information, visitwww.TEGNA.com. [7] The spin-out was structured so that "old" Gannett changed its name to Tegna, Inc., then spun off its newspaper holdings into a "new" Gannett. After evaluating this opportunity against TEGNAs standalone prospects and other strategic alternatives, our Board concluded that this transaction maximizes value for TEGNA shareholders. Non-GAAP operating expenses less programming and Premion costs were down one percent compared to the fourth quarter of 2021. [21], On August 20, 2018, Tegna agreed to purchase two stations spun off from the Gray Television-Raycom Media merger, CBS affiliate WTOL-TV in Toledo (the sale likely includes rights to an existing shared services agreement with American Spirit Media-owned Fox affiliate WUPW) and NBC affiliate KWES-TV in Odessa in order to alleviate ownership conflicts involving Gray's ownership of ABC affiliate WTVG in the Toledo market and CBS affiliate KOSA-TV in the Odessa market. TEGNA also delivers innovative and unparalleled solutions for advertisers through TEGNA Marketing Solutions (TMS). Completed Five Year Renewal of Affiliation Agreement with ABC - In January, TEGNA entered into a comprehensive, five year deal through late 2023 with the ABC network that renews the station affiliation agreements for all of the company's ABC-affiliated stations. [8] The two companies, however, continued to share a headquarters complex. The show, titled T.D. Right Bias: How we rate the bias of media sources. [25][26] The FCC approved the sale on September 16. Richard Moody donated 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. Stations are listed alphabetically by state and city of license. 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. In 2015, Tegna Media test-ran a limited-run informative talk show hosted by Dallas-based bishop T. D. Jakes on its owned stations in Dallas, Atlanta, Minneapolis and Cleveland. 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. [35] On October 18, Dish Network filed a complaint with the Federal Communications Commission against Tegna. About TEGNA. Auto advertising saw sequential improvement throughout the year finishing with strong growth in the fourth quarter. Does Mexico want to be the next Nicaragua? [24], On March 20, 2019, Tegna entered an agreement with Nexstar Media Group to acquire eleven stations for $740 million in order to reduce Nexstar's national ownership reach under the federally imposed 39% cap and alleviate ownership conflicts with existing Nexstar properties once it completes a merger with Tribune Media. investorrelations@TEGNA.com. These achievements are a credit to the hard work of TEGNAs dedicated employees, who are the Companys most valuable asset. TEGNA Inc. (NYSE: TGNA) is an innovative media company that serves the greater good of our communities. On February 22, 2022, TEGNA Inc.and Standard General L.P. announcedthat TEGNAand an affiliate of Standard General entered into a definitive agreement under which TEGNAwill be acquired by the Standard General affiliate for $24.00per share in cash. Privacy Policy / Your California Privacy Rights. Our purpose is to serve the greater good of our communities through empowering stories, impactful investigations and innovative marketing services. TEGNA stockholders voted to approve the transaction at the special meeting of stockholders held on May 17, 2022. The document was filed with the SEC by Standard General. TEGNA Q3 Earnings Lag Estimates, Revenues Rise Y/Y TEGNA's third-quarter 2022 non-GAAP earnings of 65 cents per share missed the Zacks Consensus Estimate by 9.72% but increased 12.1% on a year . Reconciliations of certain line items impacted by special items to the most directly comparable financial measure calculated and presented in accordance with GAAP on the company's Consolidated Statements of Income follow: (a) Per share amounts do not sum due to rounding. The most directly comparable GAAP financial measure to free cash flow is Net income attributable to TEGNA. 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. WDAN-TV changed call letters to WICD following its sale, and in 1967 was merged with WCHU (channel 33) in Champaign into the present-day. Jakes ended in September 2017 and was replaced with news and entertainment show Daily Blast Live, which premiered on September 11, 2017. by Richard Moody. [20] The acquisition was completed on February 15, 2018. TEGNA has renewed retransmission consent agreements representing approximately 30 percent of our subscribers since our prior quarterly release on November 9, 2022. Total company Adjusted EBITDA was $948 million, down seven percent year-over-year due to the absence of record high-margin political revenue reported in 2020. Non-GAAP operating expenses less programming and Premion costs were down one percent compared to 2021. This position will report directly to the Regional Head of Technology and Operations. These are the most credible media sources. On June 29, 2015, the Gannett Company split in two, specializing in print media and the other specializing in broadcast and digital media. Best Media Companies to Work For in Virginia, Best Media Companies to Work For in McLean, VA.
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