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.
Gannett Completes Broadcasting, Print Split
MCLEAN, Va. (AP) — Gannett has completed the split of its print and broadcasting divisions into separate companies.
The broadcasting and digital arm, which will be called Tegna Inc., will run the company’s television stations and websites such as CareerBuilder. It will also include Cars.com. Tegna will start trading on the New York Stock Exchange on Monday under the “TGNA” ticker symbol.
Gannett announced its plan in August, one of many media companies to split up as people increasingly head online for their news. Gannett’s move follows similar maneuvers by major operators such as Time Warner Inc. and News Corp.
Gannett’s publishing arm will keep the Gannett name and include USA Today, local U.S. daily publications, and Newsquest, a regional community news provider in the U.K.
Both companies will remain headquartered in McLean, Virginia.
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Comments (2)
Bo Inscho says:
June 29, 2015 at 3:32 pm
So an anagram of Gannett. They spent over $250k to some consulting firm to come up with that. Sounds like a breath mint or some pharma product. What ever happened to naming a company after what it does?
Amneris Vargas says:
June 30, 2015 at 7:49 am
If the stock performs well, TEGNA will roll off the tongue like the name of a 100 year blue chip. It did ok yesterday considering a hugely poor day for the market.