“This is a strategic change in how we go to market, and is aimed at taking advantage of our scale to deepen our relationships with national clients by embracing automation, and focusing our talented marketing executives on solutions that drive client results,” the station group said in a statement.
The dividend is payable on Oct. 1, 2019 to shareholders of record at the close of business on Sept. 6. “TEGNA’s strategic initiatives, operational excellence and financial discipline continue to deliver stable and growing free cash flow and value for our shareholders,” said Victoria Harker, EVP and CFO.
Broadcasters including Scripps, Tegna, CBS, Sinclair, Ion and Gray have been laying bigger bets in the multicasting business, acquiring some of the more popular diginets and partnering to develop new ones in a market showing signs of further expansion. CBS’s new diginet DABL, for instance, is bringing back the classic lifestyle programming of Martha Stewart and others in the fall.
Tegna’s KHOU surprised eight Houston area nonprofits with community grants of $11,000 each at the station. The representatives were there thinking they were to attend a meeting.
The first two episodes of the True Crime Chronicles podcast by Tegna’s Vault Studios dropped Monday. This is Vault Studios’ second offering, after its March debut of Bomber, which investigated the Austin serial bombings of 2018 and the manhunt that ensued. True Crime Chronicles is a weekly true crime podcast hosted by Emmy Award-winning Tegna […]
Tegna Inc. will be honored by the Women’s Forum of New York at its Breakfast of Corporate Champions on Nov. 7, which recognizes companies for achieving at least 30% female board representation. This biennial event brings together more than 600 thought leaders and change-makers including CEOs, board directors and government officials in support of gender […]
It closes on the $77 million purchase of the 85% of the two diginets it didn’t own. Tegna taps Brian Weiss, former president and general manager of Cooper Media, as their president.
The agreement with CBS, Cox, Scripps, Fox and Tegna requires them to “terminate and refrain from sharing revenue pacing information and other competitively sensitive information.”
In addition to the NBC affiliate in Indianapolis and CBS affiliate in Columbus, Ohio, it’s also getting WBNS-AM-FM in Columbus.
True Crime Chronicles to premiere June 24, followed by Bardstown later this summer.
Nearly 11 million television households across 11 markets are covered in the new multi-year deal.
Those looking for Justice’s decision on whether it has any antitrust issues with Tegna’s purchase of Nexstar spin-off stations will have to wait a little longer. That is because for the sixth business day in a row the Federal Trade Commission has issued no early termination notices on any deal, an unusual hiatus for such announcements.
The Dallas ABC affiliate’s current GM Brad Ramsey becomes Tegna senior vice president and Carolyn Mungo, executive news director is promoted to VP-station manager.
Tegna, Tribune, Scripps, Fox and Graham are among a growing number of TV broadcasters who are exploring adding audio content and advertising platforms. A study from the Interactive Advertising Bureau and PricewaterhouseCoopers puts podcast ad revenues at $313.9 million in 2017, and projects that it will more than double, to $659 million, by next year.
The revenue growth was “driven primarily by” subscription revenue growing 18% to $242 million that CEO Dave Lougee said was a “first quarter record,” along with growth in Tegna’s sales, digital and content operations.
But excluding political and estimated incremental Olympic and Super Bowl revenue, revenue was up 8% year-over-year, at the high-end of guidance.
It’s paying Cooper Media $77 million for the 85% of the two diginets it doesn’t already own. Brian Weiss, Cooper’s president-GM, will join Tegna and continue to run the two.
Premion, Tegna’s CTV/OTT advertising solution for regional and local advertisers, named John Vilade its new head of sales and vice president. Vilade joins Premion from TRUSTX, where he was chief revenue officer. He is responsible for leading Premion’s national and regional sales organization and driving revenue growth, go-to-market development and execution. Vilade is based at Premion’s […]
The Tegna-owned CBS affiliate began broadcasting from 43,000 square feet of space on Feb. 17. The two-and-a-half floors include a large, flexible studio space, two control rooms, edit suites and a multiplatform live desk where journalists produce for both KHOU’s on-air newscasts and its various digital platforms.
The spinoffs reflect Nexstar’s regulatory compliance plan to secure approvals for its Tribune Media deal. Tegna is buying 11 stations in eight markets and Scripps gets eight stations in seven markets.
Tegna’s over-the-top advertising unit Premion is using a new suite of blockchain-based technology from MadHive to prevent fraud, target campaign and verify ad delivery.
The $642 million total was driven by an increase of $130 million in political ad revenue plus $40 million more in subscription revenue.
The broadcaster will pay a dividend of 7 cents per share on April 1 to stockholders of record as of the close of business on March 8.
Tim Thomas will lead KWES Midland-Odessa, while Paul Bergen is promoted to oversee KBMT Beaumont.
Tegna, Hearst and EW Scripps are all planning on submitting final offers for Cox Media Group’s 14 TV stations at the end of January, according to people familiar with the matter. Final bids are due by Jan. 30, said the people, who asked not to be named because the process is private. A deal could fetch more than $2 billion, and possibly close to $3 billion, the people said.
The new deal reups WFAA Dallas; KXTV Sacramento, Calif.; KVUE Austin, Texas; WVEC Norfolk, Va.; WZZM Grand Rapids, Mich.; WJXX Jacksonville, Fla.; WHAS Louisville, Ky.; KIII Corpus Christi, Texas; and KBMT Beaumont, Texas.
It closes on the $105 million purchase from Gray Television of the CBS affiliate in Toledo and the NBC affiliate in Midland-Odessa, Texas.
Tegna television stations in three markets — Washington, D.C. (WUSA-CBS), Norfolk, Va. (WVEC-ABC) and Buffalo, N.Y. (WGRZ-NBC) — went dark to Verizon Communications Fios TV customers on Monday at 5 p.m. ET, after the parties failed to reach a retransmission consent agreement.
Premion, the seller of OTT advertising inventory for a number of platforms, says it is refunding money to advertisers for specific campaigns that ran during 2018 due to “system issues.” Premion, owned by Tegna, says its Premium Audience Selects segments have “not been delivered correctly,” and that it affects up to 17% of Premion total revenue.
Tegna Inc. today said that John Janedis is joining the company as senior vice president, capital markets and investor relations. Janedis, who was previously managing director and senior equity research analyst for media, cable and telecom at Jefferies LLC, will be responsible for leading Tegna’s treasury and investor relations functions. This newly created role will […]
Tegna and Dish Network said they reached a multi-year carriage agreement just hours after Tegna’s stations went dark to Dish subscribers Saturday morning. The companies said that the stations’ signals will be restored to the Dish lineup immediately.
Tegna’s premium CTV/OTT advertising solution adds Shawn Edwards, Doug Tierney and Tony Mastromatteo to lead its efforts in the Los Angeles, San Francisco, Boston and Philadelphia markets.
Hearst, Tegna and the ABC Stations are producing shows for Facebook’s new national platform that is looking for original news programs.
The Tegna VP also oversees the groups other seven stations in Texas. He succeeds the retiring Dan Robbins.
Tegna President-CEO Dave Lougee says that ad category is destined to join subscription revenue as a reliable income stream that will inoculate the company from the ups and downs of the economy as a whole.
The $539 million total was attributed to that higher political ad revenue plus $30 million growth in subscription revenue.
The station group names Steve Carter president-GM of KGW Portland, while Mark Cornetta adds to his corporate role to lead KUSA Denver.
As quarterly earnings season gets underway, the two station groups reveal dividend plans.
TV stations are arming themselves with software that allows them to slice and dice social media to gauge audience interest in stories, share viewer feedback and even predict what stories will become larger issues in the future. Other software speeds social integration into newscasts.