What’s one thing broadcast journalists can never get enough of? Time. But Stephanie Haney, digital anchor and legal analyst at Tegna-owned Cleveland NBC affiliate WKYC, has all the time — and space — she needs.
A Locked On NBA Draft 2021 special, co-produced in partnership with Tegna’s WFAA Dallas on Thursday, July 29, and the Monday, Aug. 2, debut of Locked On HBCU, a podcast fully dedicated to HBCU sports and athletes, are the latest additions to the Tegna podcast.
Tegna Inc.’s board of directors declared a dividend of 9.5 cents per share, payable on Oct. 1 to stockholders of record as of the close of business on Sept. 3. “Our record first quarter results, and the second quarter and full-year 2021 guidance we provided on May 10, 2021, reflect the strength of our business and favorable positioning for continued growth and value creation,” said Dave Lougee, Tegna president-CEO. “As we announced on March 29, this 9.5 cents per share dividend represents a 36% increase to our prior dividend on an annualized basis, and is a reflection of our board’s active review of our capital allocation program and options to create and return value to shareholders.”
Over-the-top advertising has become a surprisingly important business for companies that have been stockpiling television stations. Streaming revenue is letting broadcasters, including Cox Media Group, Sinclair Broadcast Group and the NBC and Fox O&Os, claim a foothold in the technology field and create advanced advertising products for clients enamored of digital and social media.
Grady Tripp, VP and chief diversity officer at Tegna, explains how fostering diversity, inclusion and equity at TV stations can be cultivated by maintaining an inclusive work environment, recognizing and valuing underrepresented groups and securing buy-in from leadership. This is the latest installment of How To, a TVNewsCheck original video series that solicits innovative, practical and actionable advice from TV experts in news, technology, sales and marketing. Earlier episodes: How To Make A Better News Story Working Solo, How To Sell Local OTT Advertising and How To Animate A News Story.
Earlier this year, Tegna debuted its national VERIFY brand, building on the substantial growth of Verify content on its local media properties. Now, it has chosen Gabe Cohen, Ariane Datil and Brandon Lewis as hosts.
She moves from Tegna’s WHAS Louisville, Ky., to oversee operations at the company’s Seattle NBC affiliate beginning Aug. 2.
Digital leaders from Tegna, ABC Owned Television Stations, Graham Media and Allen Media told a TVNewsCheck webinar audience last week that OTT has opened a wealth of content opportunities to connect with new audiences, while the industry is also getting better at using first-party data to deepen audience ties and boost revenue.
Since attacks on journalists dramatically escalated last year, station groups have tightened safety protocols and veteran reporters are going into potentially volatile environments with escape routes at the ready. Even after 2020’s violent crescendo, journalists must be constantly vigilant against threats that “can happen spontaneously,” says Ruschell Boone, a reporter with NY1.
Premion, Tegna’s connected TV advertising company, said it expanded its relationship with IHS Markit to use Polk Automotive Solutions data to target ad campaigns and measure their results. Automotive advertisers using the Premion platform to create regional and local streaming campaigns will be able to incorporate Polk audience segments and data on sales, make and model, price and vehicle type.
The provision of holistic linear and OTT measurements will provide thousands of advertisers with incremental reach and performance information on Tegna’s 64 TV stations and Premion streaming service.
Executives from NBCUniversal Local (Frank Comerford, above), Tegna, Sinclair and Hearst told a TVNewsCheck webinar they’re bedeviled by persistent gaps in the available buying/selling pipeline, which have bogged down the transaction process and added to their expenses. Those woes are leading some broadcasters to bring more of their automated functions in house.
The long-time marketing executive is joining the station group next month from The Ellen DeGeneres Show.
She moves from content director at the company’s WLTX Columbia, S.C., to lead its ABC affil in Wilkes-Barre/Scranton, Pa., following Chuck Morgan’s retirement.
EVP-CFO Victoria Harker said: “We continue to see recovery in non-political advertising in many categories,” including auto services, health care, home improvement, entertainment, gambling, insurance, banking and finance, packaged goods and education.
The increase to $727 million is driven by continued growth in subscription revenue and record first quarter advertising and marketing services (“AMS”) revenues.
Dave Lougee, president and CEO, said: “We are pleased that our shareholders recognize the successful execution of our value-creation strategy, which is delivering record results.”
Tegna announced a big bet at this week’s Interactive Advertising Bureau NewFronts presentation: expanding its Verify fact-checking franchise to reach across the country. With this week’s announcement, Tegna joins other station groups expanding beyond their owned-and-operated markets to launch national brands, like NBC’s LX and ABC’s Localish. Verify, which grew out of an employee off-site brainstorming session six years ago, combines research and transparent sourcing to respond to timely questions in the news with a simple answer: true or false. The segments are produced by a central team as well as individual stations.
The station group moves him from its KSDK St. Louis to oversee content, sales, brand and operations at the Texas CBS affiliate.
Tegna offered a pitch to advertisers at IAB 2021 NewFronts that amounted to: Trust us, because our viewers already do. The station group — among the first-time presenters at IAB’s annual gathering — emphasized how its local roots intertwined with a renewed interest among Americans in their local communities.
Tegna’s NewFronts presentation showcases the power of local media for reaching audiences at scale in a trusted, brand-safe environment.
The station group’s largest active shareholder is demanding Tegna open its books for an investigation into charges of bias and discrimination. The station group, meanwhile, says the allegations against it are “distorted.”
The new channel, available in 43 of the top 50 markets, features home, food and lifestyle programs plus dramatic reality shows.
The first increased quarterly dividend of 9.5 cents per share will be payable on July 1 to stockholders of record as of the close of business on June 4.
Verify, a six-year-old reporting project within Tegna that presents stories in direct response to viewer queries, is ramping up dramatically with an expanded national team and multiplatform iterations including younger-demo social platforms like Snapchat and TikTok. Adam Ostrow, Tegna’s chief digital officer, and Jonathan Forsythe, Verify’s managing editor, frame out its ambitions. Note: This story is available to TVNewsCheck Premium members only. If you would like to upgrade your free TVNewsCheck membership to Premium now, you can visit your Member Home Page, available when you log in at the very top right corner of the site or in the Stay Connected Box that appears in the right column of virtually every page on the site. If you don’t see Member Home, you will need to click Log In or Subscribe.
TVNewsCheck‘s Michael Depp talks with Brian Weiss, president and GM of Tegna’s multicast networks, about diginets’ younger skewing audience, and with Evan Moore, VP of commerce partnerships at NBCUniversal, about the growing phenomenon of shoppable TV.
Tegna said Kristie Gonzales has been promoted to VP, media operations. In her new role, Gonzales will continue as GM of KVUE Austin, Texas, and also oversee KYTX Tyler, Texas. She will also supervise recruiting across Tegna’s 11 Texas stations.
Standard General, the largest active shareholder of Tegna, is questioning the station group’s handling of an investigation into a 2014 incident where CEO Dave Lougee mistook a Black executive for a valet.
After Tegna rejected its proposed board members, minority owner Standard General, one of the company’s largest shareholders, is soliciting proxies for the Tegna annual shareholders meeting so it can seat those candidates anyway. That is according to an SEC filing Wednesday, March 17, in which Standard General said it is seeking to place three board members to help diversify the board, and cited the withdrawal of their fourth candidate, former FCC official and top ad association executive Adonis Hoffman, as a reason for needing to add that diversity.
Tegna Inc’s. Vault Studios, creators of true crime podcast Bardstown, are back with a new unsolved mystery in season two of the series, titled Beyond Bardstown: Lacombe. In the new season, the Vault team partners with WWL-TV, Tegna’s CBS affiliate in New Orleans, and heads to the small community of Lacombe, La., to ask who killed […]
Tegna CEO Dave Lougee’s apology to former board nominee Adonis Hoffman over a racially charged incident has been accepted, but Hoffman is amping up criticism of the company’s response. The back-and-forth is occurring against the backdrop of a proxy battle for Tegna. The company has rebuffed acquisition overtures despite the preferences of some of its privately held investors. One stakeholder — Soo Kim’s hedge fund Standard General — is calling for a shakeup of the board and had initially nominated Hoffman for a seat.
Tegna recently partnered with systems integrator BeckTV on the design, installation and integration of all systems for a new master control operation, the Tegna Stream Center. This new facility uses a cloud-based hub-and-spoke approach to serve all Tegna stations.
Tegna President-CEO Dave Lougee has apologized for an incident involving former top FCC staffer and ad association executive Adonis Hoffman that the latter found disturbing and was part of the reason Hoffman withdrew his candidacy for a Tegna board of directors seat. The result is that the Tegna board hired an outside law firm to investigate the incident and human resources reviewed Lougee’s human resources file.
BeckTV, a systems integrator for the broadcast media industry, has completed a project for one of its major U.S. clients — station group Tegna Inc. Tegna had BeckTV design, instal, and integrate all systems for Tegna’s centralized new master control operation, the Tegna Stream Center, based on a cloud-based hub-and-spoke approach that will serve all […]
Data-driven reporting and storytelling is on the rise at station groups including ABC, NBC, E.W. Scripps and Tegna, where ever-more sophisticated visualizations and interactive digital projects are helping viewers better navigate — and make more sense of — complex information. Note: This story is available to TVNewsCheck Premium members only. If you would like to upgrade your free TVNewsCheck membership to Premium now, you can visit your Member Home Page, available when you log in at the very top right corner of the site or in the Stay Connected Box that appears in the right column of virtually every page on the site. If you don’t see Member Home, you will need to click Log In or Subscribe.
For the current quarter, Tegna is expecting advertising and marketing services revenues to be up from a year ago, with total revenues (including retrans) up in the mid-single-digits.
The increase to $938 million is driven by a record-breaking quarter for political advertising revenues, and ongoing strength of subscription business.
Executives from Tegna, NBCU Television Stations and Fox Television Stations told a TVNewsCheck webinar that local station marketing is best executed by those in the market itself — with support from corporate — and that marketing needs to start “from a place of brand, not from a place of product.”