US87901J1051 - Common Stock
TEGNA INC
NYSE:TGNA (11/21/2024, 6:40:00 PM)
After market: 18.52 0 (0%)18.52
+0.41 (+2.26%)
TEGNA, Inc. is a media company, which serves the greater good of its communities through empowering stories, impactful investigations and innovative marketing services. The company is headquartered in Mc Lean, Virginia and currently employs 6,200 full-time employees. The firm owns and operates approximately 64 television stations and two radio stations in 51 United States markets and owns four network affiliates in approximately 25 markets among independent station groups, reaching approximately 39% of United States television households. The firm also owns multicast networks, which include True Crime Network, Twist and Quest. Through TEGNA Marketing Solutions (TMS), its integrated sales and back-end fulfillment operations, it delivers results for advertisers across television, digital and over-the-top (OTT) platforms, including Premion, its OTT advertising network. Its Premion business operates an advertising network for OTT streaming and connected television platforms. The firm also operates VAULT Studios, which develops original television programs developed from its stations’ library of true crime and investigative content.
TEGNA INC
8350 Broad Street, Suite 2000
MC LEAN VIRGINIA 22102
P: 17038736600
CEO: David T. Lougee
Employees: 6200
Website: https://www.tegna.com/
Earnings results often indicate what direction a company will take in the months ahead. With Q3 behind us, let’s have a look at AMC Networks (NASDAQ:AMCX) and its peers.
Is TEGNA INC (NYSE:TGNA) a Good Fit for Dividend Investing?
As the Q3 earnings season comes to a close, it’s time to take stock of this quarter’s best and worst performers in the broadcasting industry, including Gray Television (NYSE:GTN) and its peers.
Broadcasting and digital media company TEGNA (NYSE:TGNA) beat Wall Street’s revenue expectations in Q3 CY2024, with sales up 13.1% year on year to $806.8 million. On the other hand, next quarter’s revenue guidance of $855.9 million was less impressive, coming in 7.1% below analysts’ estimates. Its GAAP profit of $0.89 per share was also 6.6% above analysts’ consensus estimates.
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