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TGNA / Tegna announces $300 million buyback, dividend hike after scrapped merger deal with Standard General

Tegna announces $300 million buyback, dividend hike after scrapped merger deal with Standard General
Shares of Tegna Inc. TGNA, -2.78% rose after hours on Monday after the TV-station operator announced a $300 million “accelerated” stock buyback and raised its quarterly dividend by 20% following the termination of a merger deal with the hedge fund Standard General struck last year. Tegna executives also said they were “actively reviewing the return of additional excess capital that accumulated during the pending merger,” which faced a Monday financing deadline and got hung up in the regulatory review process. Read More
Posted: May 22 2023, 18:11
Author Name: Market Watch
Views: 110863

TGNA News  

Why TEGNA Is A Buy Even As A Standalone Company

By Seeking Alpha
October 23, 2023

Why TEGNA Is A Buy Even As A Standalone Company

TEGNA Inc. demonstrates potential as a media enterprise integrating traditional broadcasting with digital trends. Despite regulatory challenges, the c more_horizontal

TEGNA's (TGNA) KENS Collaborates With Spurs to Air 11 Games

By Zacks Investment Research
October 12, 2023

TEGNA's (TGNA) KENS Collaborates With Spurs to Air 11 Games

TEGNA's (TGNA) KENS station, in collaboration with the San Antonio Spurs, is set to broadcast 11 games during the 2023-24 season. more_horizontal

TEGNA to Host Third Quarter 2023 Earnings Conference Call on Tuesday, November 7, 2023

By Business Wire
September 13, 2023

TEGNA to Host Third Quarter 2023 Earnings Conference Call on Tuesday, November 7, 2023

TYSONS, Va.--(BUSINESS WIRE)--TEGNA will host a conference call to discuss its third quarter 2023 earnings results on Tuesday, November 7, 2023, at 10 more_horizontal

TEGNA: Despite Mixed Results, The Stock Is Undervalued

By Seeking Alpha
August 12, 2023

TEGNA: Despite Mixed Results, The Stock Is Undervalued

TEGNA reported revenue of $731.5 million, down 6.8% compared to $784.8 million in Q2 FY22. This decrease was fueled by significant reduction in politi more_horizontal

TEGNA (TGNA) Q2 Earnings Beat Estimates, Revenues Fall Y/Y

By Zacks Investment Research
August 9, 2023

TEGNA (TGNA) Q2 Earnings Beat Estimates, Revenues Fall Y/Y

TEGNA's (TGNA) second-quarter 2023 top line hurt by the reduction of political revenues from the mid-term election cycle last year. more_horizontal

TEGNA Inc. (TGNA) Q2 2023 Earnings Call Transcript

By Seeking Alpha
August 6, 2023

TEGNA Inc. (TGNA) Q2 2023 Earnings Call Transcript

TEGNA Inc. (NYSE:TGNA ) Q2 2023 Earnings Conference Call August 3, 2023 10:00 AM ET Company Participants Julie Heskett - SVP of Finance and IR Dave Lo more_horizontal

Why Is TEGNA Inc. (TGNA) Up 2.6% Since Last Earnings Report?

By Zacks Investment Research
June 9, 2023

Why Is TEGNA Inc. (TGNA) Up 2.6% Since Last Earnings Report?

TEGNA Inc. (TGNA) reported earnings 30 days ago. What's next for the stock? more_horizontal

TV station operator Tegna scraps $8.6B merger with hedge fund

By New York Post
May 22, 2023

TV station operator Tegna scraps $8.6B merger with hedge fund

The deal attracted criticism from some members of Congress, including then-House Speaker Nancy Pelosi, on concerns of potentially higher TV prices for more_horizontal


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