It owns: Stations are arranged in alphabetical order by state and city of license. TEGNA Inc. (NYSE: TGNA) is an innovative media company that serves the greater good of our communities. Will Become Nations Largest Minority-Owned, Woman-Led Broadcast Group. Media Type: TV Station The split was completed on June 29, 2015. Mr. Kim is supported by a diverse, highly experienced 17-person team, including seven investment professionals with over 120 years of collective investing experience. Our estimates are verified against BLS, Census, and current job openings data for accuracy. Upon completion of the transaction, TEGNA will become a private company and its shares will no longer be traded on the New York Stock Exchange. The company believes these adjustments facilitate company-to-company operating performance comparisons by removing potential differences caused by variations unrelated to operating performance, such as capital structures (interest expense), income taxes, and the age and book appreciation of property and equipment (and related depreciation expense).
TEGNA Inc. Reports Fourth Quarter and Full-Year 2021 Results - Yahoo! [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. KPNX also has a section dedicated to politics covering national politics through the Associated Press and local Arizona politics through 12 News TV. WHEC-TV's frequency was shared with WVET-TV, owned by Veterans Broadcasting, from its 1953 sign-on until 1961 when Gannett purchased full ownership of the frequency. After evaluating this opportunity against TEGNAs standalone prospects and other strategic alternatives, our Board concluded that this transaction maximizes value for TEGNA shareholders. The largest donation made to a political party by a TEGNA employee was by Richard Moody. WBNS-TV, Central Ohio's News Leader, seeks a passionate, ambitious Anchor/Reporter to join our team. Richard Moody donated $2,850 to the Democratic Party. Non-GAAP operating expenses less programming and Premion costs were down one percent compared to 2021. [35] On October 18, Dish Network filed a complaint with the Federal Communications Commission against Tegna. Support MBFC Donations Tegna also retained G/O Digital, a digital marketing services brand that it launched in August 2013, and the 20 broadcast stations it acquired from Belo Corporation in December 2013 and the six stations it acquired from London Broadcasting Company in July 2014. [31], In December 2019, Tegna agreed to sell KFMB-AM-FM to Local Media San Diego for $5 million;[32] the sale was completed on March 17, 2020. Wrong-way driver stopped on I-10 Sunday morning, What Arizona lawmakers have to say about Wednesdays Iran briefing.
Sports Multi-Skilled Journalist Job in Indianapolis, IN at Tegna The Company and certain of its directors, executive officers and employees may be considered to be participants in the solicitation of proxies from the Companys stockholders in connection with the proposed transaction.
See Where Major Companies Lean Politically - Fast Company Owned by Sander Media from 2013 to 2015 and operated by Gannett/Tegna prior to its acquisition by Tegna Inc. in 2015. TEGNA Inc (TGNA) - Strategy, SWOT and Corporate Finance Report, is a source of comprehensive company data and information. 14% of TEGNA employees are Black or African American. (M. Huitsing 01/12/2020) Updated (03/21/2022), Last Updated on March 21, 2022 by Media Bias Fact Check, Left vs. Therefore, while we may incur or recognize these types of expenses and gains in the future, the company believes that removing these items for purposes of calculating the non-GAAP financial measures provides investors with a more focused presentation of our ongoing operating performance.
TEGNA hiring Marketing and Commercial Producer in Macon, Georgia Rankings are based on government and proprietary data on salaries, company financial health, and employee diversity. Tegna owns more than 60 local television stations in the U.S. and several other media properties. Best Media Companies to Work For in Virginia, Best Media Companies to Work For in McLean, VA. Dave Lougee is President/CEO at Tegna Inc. See Dave Lougee's compensation, career history, education, & memberships. The company also discusses Adjusted EBITDA (with and without corporate expenses), a non-GAAP financial performance measure that it believes offers a useful view of the overall operation of its businesses. Founded in 1953, 12 News KPNX is an NBC affiliate based in Phoenix, Arizona. Interest expense decreased to $44 million compared to $46 million in the fourth quarter of 2021 due to lower average debt of $3.1 billion, resulting in net leverage of 2.44x. We are a drug free, EEO employer committed to a diverse workforce. 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. investorrelations@TEGNA.com. (Press Release). Kim accepted the result of the vote, stating that the actions had helped to "[challenge] managements narrative about the Companys performance and seeking greater transparency about Tegnas numbers, acquisition metrics, and engagement with third parties. Users should consider the limitations of using Adjusted EBITDA, including the fact that this measure does not provide a complete measure of our operating performance. GAAP and non-GAAP operating expenses of $2.3 billion were up five percent and four percent year-over-year, respectively, with the increases predominantly driven by investments in Premions growth and programming costs. And as Reagan's son assumed, Apple, Google, and most other major tech companies side with Democrats too. Moelis & Company and RBC are acting as financial advisor to Standard General and Fried Frank Harris Shriver & Jacobson LLP and Pillsbury Winthrop Shaw Pittman LLP are acting as its legal advisors.
TEST POSITION-DO NOT APPLY Job in Phoenix, AZ at Tegna The filing comes against the backdrop of a proxy battle between Tegna and Standard General, a hedge fund that owns a 7 percent stake in Tegna, according to a separate SEC filing. "[40][41][42] In 2021, Standard General once again put forward nominees to Tegna's board of directors, alleging that the company was underperforming and had issues with diversity, equity, and inclusion; the latter came after a Black nominee put forward by Standard General withdrew, citing a previous incident involving CEO Dave Lougee in 2014. Full-Time.
Digital Sales Strat-TEST Position Job in Phoenix, AZ - Tegna See all Least Biased Sources. In October 2022, Chair of the House Energy and Commerce Committee Frank Pallone and Speaker of the House Nancy Pelosi issued a letter to the FCC expressing concerns for the transaction, arguing that it "would violate the FCC's mandate by restricting access to local news coverage, cutting jobs at local television stations, and raising prices on consumers." TEGNA Employees Give Back to Their Local Communities During 2022, TEGNA employees gave back to their local communities by volunteering and donating to their favorite causes. That is where the problem is and will remain unless exposed.
Conservative companies - Conservapedia The average employee at TEGNA makes $56,684 per year.
TEGNA Inc. Reports Fourth Quarter and Full-Year 2022 Results | TEGNA Inc. Free cash flow is reviewed by the Board of Directors as a percentage of revenue over a trailing two-year period (reflecting both an even and odd year reporting period given the political cyclicality of the business). KPNX is an NBC affiliate based in Phoenix, Arizona. The Community Grant program serves to address local community needs. Across platforms, TEGNA tells empowering stories, conducts impactful investigations and delivers innovative marketing solutions. [38], Kim began to engage in a proxy fight, with Standard General proposing four nominations to Tegna's board of directors at its next shareholders' meeting in April. These cable networks were owned by Belo prior to acquisition by Gannett/Tegna: "TEGNA" redirects here. in the U.S. and several other media properties. For more information, visitwww.TEGNA.com. TEGNA owns and operates ABC affiliates in nine markets across the country . Exposing corruption and wrongdoing, holding elected officials and those in power accountable, giving a voice to the voiceless and telling empowering stories that impact our lives is at the heart of our purpose to serve the greater good. A syndicate of banks led by RBC Capital Markets will provide debt financing. TEGNA is ranked #13 on the Best Media Companies to Work For in Virginia list. [14], Prior to the company's completion of the spin-off of Cars.com, it was reported by DealReporter that Nexstar Media Group may be considering a bid to acquire Tegna. Standard General [50][21] Twenty-two of the company's stations are affiliated with NBC (including one digital subchannel of KBMT and two semi-satellites of KCEN-TV and WCSH), fifteen are affiliated with CBS, thirteen are affiliated with ABC, and six are affiliated with Fox. For Ad-Free Subscriptions go here: https://mediabiasfactcheck.com/membership-account/membership-levels/, Terms and Conditions TEGNA also owns leading multicast networks True Crime Network and Quest. 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 by the Standard General affiliate for $24.00 per share in cash. Since 2020, advertising trends have seen significant broad-based strength across all advertising categories, except auto and insurance in this two-year comparison. Pay is not commensurate with experience and talent. Numerical coincidence prompted $754M Powerball winner to buy ticket: It was a sign, Texas GOP votes to censure Rep. Tony Gonzales over support on gun, same-sex legislation, Three things to know about what critics are calling Mississippis Jim Crow bill, Want to save the climate?