About Tegna Inc.

This company spreads the word through television broadcasts. TEGNA (formerly Gannett) has a large portfolio of television stations that deliver a wide range of content. Its television and digital businesses make the company one of the largest and most geographically diverse media companies in the US. TEGNA's digital properties previously included Cars.com and CareerBuilder. The company's Media division includes more than 45 television stations making it the largest independent station group of major network affiliates in the top 25 markets. TEGNA was formed when Gannett spun off its newspaper publishing businesses including USA TODAY .

Operations

Before selling or spinning off its digital operations, TEGNA operated through two divisions: TEGNA Media and TEGNA Digital. TEGNA Media was the largest segment, accounting for around 60% of the company's revenue. In 2016 the company's Media Segment generated net revenues of $1.93 billion, which represented 58% of total consolidated net revenues. TEGNA's station portfolio includes 46 full-power stations.

Geographic Reach

TEGNA's Media division reaches approximately one-third of all television households in the US and represents the #1 NBC affiliate group, #1 CBS affiliate group, and #4 ABC affiliate group (excluding owner-operators).

Financial Performance

TEGNA reported $3.34 billion in revenue for fiscal 2016. That was an increase compared to the $3.05 billion the company reported for revenue in fiscal 2015. Although it was an increase compared to fiscal 2015, the company's 2016 revenue was far less than what the company reported prior to spinning-off its Cars.com digital property.

TEGNA's net income was $972 million in fiscal 2016, up from $913 million in fiscal 2015, primarily because of decreased operating expenses.

The company ended fiscal 2016 with $683 million in cash from operations, up from $613 million at the end of the prior fiscal period.

Strategy

TEGNA was formed in 2015 through a spin-off transaction which separated Gannett's publishing and broadcasting operations. The idea was too optimize profitability for each part of the previously larger single company. In 2017 the company spun-off its Cars.com business unit, which was previously reported within the Digital Segment. TEGNA also sold its ownership stake in CareerBuilder in 2017.

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Tegna Inc.

7950 Jones Branch Dr
Mc Lean, VA 22102-3302
Phone: 1 (703) 873-6600
Fax: 1 (703) 854-2152

Stats

  • Employer Type: Public
  • Stock Symbol: TGNA
  • Stock Exchange: NYSE
  • President and CEO: Gracia C. Martore
  • Chairman: Marjorie Magner
  • President and CEO: Gracia C. Martore
  • 2016 Employees: 10,121

Major Office Locations

  • Mc Lean, VA

Other Locations

  • Phoenix, AZ
  • Tucson, AZ
  • Santa Monica, CA
  • Stockton, CA
  • Denver, CO
  • Washington, DC
  • Jacksonville, FL
  • Saint Petersburg, FL
  • Seminole, FL
  • Atlanta, GA
  • Macon, GA
  • Boise, ID
  • Hoffman Estates, IL
  • Bangor, ME
  • Golden Valley, MN
  • Greensboro, NC
  • Buffalo, NY
  • Bryan, TX
  • Dallas, TX
  • Fort Worth, TX
  • Houston, TX
  • San Angelo, TX
  • Temple, TX
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