TGNA Research | Milton Maxwell

TGNA

TEGNA Inc.

19.68

+0.10+0.51%

Dec 16, 4:00:02 PM EST

Upcoming Earnings

Report date

-/-

Earnings Call Transcripts

This Quarter (Q1 '26)

No earnings call transcript available yet

Last Quarter (Q4 '25)

No earnings call transcript available

Key Stats

Market Cap

3.17B

P/E (TTM)

9.42

Basic EPS (TTM)

2.09

Dividend Yield

0.03%

Recent Filings

8-K

Nexstar acquires TEGNA

3/20/26Mar 20, 2026

Nexstar completed its acquisition of TEGNA on March 19, 2026, via merger, paying shareholders $22.00 per share in cash. TEGNA delisted from NYSE, became Nexstar's wholly owned subsidiary; all prior directors and key officers resigned. Deal closed. Notes indenture amended post-tender offer consent.

10-K

FY2025 results

3/2/26Mar 2, 2026

TEGNA's FY2025 revenues fell 13% to $2.7B from $3.1B in 2024, driven by a 90% plunge in political ad spend to $38.8M post-election cycle, while distribution held steady at $1.5B despite subscriber erosion offset by rate hikes, and AMS dipped 4% to $1.2B amid TV ad weakness but local digital gains. Operating income dropped 44% to $443M, yet cost cuts trimmed expenses 2% as programming rose on sports rights. Q4 momentum stayed muted with no quarterly breakdowns, but steady cash flow from ops at $326M funded $550M debt payoff, leaving $2.5B fixed-rate debt and $739M revolver capacity. Pending Nexstar merger eyes H2 2026 close. DOJ antitrust suits over ad practices loom as a key risk.

8-K

Q4 revenue -19%, merger pending

3/2/26Mar 2, 2026

TEGNA reported Q4 revenue down 19% to $706M and full-year down 13% to $2.712B, hit by 90% political ad drop yet cushioned by 4% AMS growth and 3% non-GAAP op ex cuts. Acquisition by Nexstar at $22/share ($6.2B cash) awaits regulatory nod for H2 2026 close. No guidance amid pending deal. Merger risks loom large.

8-K

Shareholders greenlight Nexstar merger

11/21/25Nov 21, 2025

TEGNA shareholders approved the Merger Agreement with Nexstar on November 18, 2025, with 133.8 million for versus 2.9 million against, representing 98% of votes cast from 84.97% turnout. Deal awaits regulatory approvals. Closing eyed for H2 2026. Regulatory hurdles loom large.

8-K

Proxy supplements counter lawsuits

11/10/25Nov 10, 2025

TEGNA issued supplemental disclosures to its definitive proxy statement on November 10, 2025, addressing three stockholder lawsuits alleging misleading info on its Nexstar merger, announced August 18, 2025, for $22.00 per share all-cash. TEGNA deems claims meritless but added details on a rejected Party A all-stock bid implying $22-$28 per share yet carrying execution risks and dilution. More suits possible. Lawsuits threaten merger timeline.

About

TEGNA Inc. operates as a journalism company in the United States. The company engages in content and tools to help people navigate their daily lives. It also offers marketing solution. In addition, the company provides news content to consumers across various platforms, including online, mobile, connected television, and social platforms; owns and operates multicast networks under the names True Crime Network and Quest. TEGNA Inc. was founded in 1906 and is headquartered in Tysons, Virginia.

CEO

Mr. Michael F. Steib

IPO

3/17/1980

Website

https://www.tegna.com

Employees

5,900

Sector

Communication Services

Industry

Broadcasting