The increase at the former Gannett station group to $417.4 million comes from strong retrans and digital increases.
Tegna Inc. formerly Gannett Co., has named Sean Wechter to the newly created position of senior vice president of digital technology and product development for Tegna Media. He will report to Dave Lougee, president, Tegna Media. Wechter will lead the creative vision for Tegna Media’s digital experiences and will be responsible for creating and designing […]
The broadcasting and digital arm, now called Tegna Inc., will run the company’s television stations and websites such as CareerBuilder. It will also include Cars.com. Tegna starts trading on the New York Stock Exchange today under the “TGNA” ticker symbol.
The separation of the broadcast and print properties is expected to be completed June 29, at which point the new Tegna broadcasting/digital company and the new Gannett will begin trading independently.
New corporate senior leadership teams announced for each company effective upon completion of spinoff.
Ken Doctor: “Gannett CEO Gracia Martore and her investor relations people have been busy priming the sales pump of their new broadcast-digital company for several months. Now they’ve got a name of sorts to put on the new company — after its divestiture of its financially woeful publishing division — that’s among the top three in regional broadcasters, with a strong digital classifieds portfolio.”
Once it separates from its publishing assets, the broadcast and digital company will be known as Tegna and trade on the New York Stock Exchange under the ticker symbol TGNA.