Chart - you can draw at the chart
Starting Amount
$
After
years
Dividend yield
%
Dividends reinvested
$
TEGNA Inc.
Type
Public
Traded as
  • NYSE: TGNA
  • S&P 400 component
Predecessor Gannett Company
Founded June 29, 2015; 2 years ago (2015-06-29)
Headquarters McLean, Virginia
Key people
Marjorie Magner
(Chairman)
Dave Lougee
(President and Chief Executive Officer)
Products
  • Television
  • Internet Media
  • Digital Marketing Services
Revenue IncreaseUS$3.3 billion (2016)
Website tegna.com

Tegna, Inc. (stylized as TEGNA) is an American publicly traded broadcast, digital media and marketing services company headquartered in McLean, Virginia. It was created on June 29, 2015, when the Gannett Company split into two publicly traded companies. Tegna comprised the more profitable broadcast television and digital media divisions of the old Gannett, while Gannett's publishing interests were spun off as a "new" company that retained the Gannett name. Tegna owns or operates 46 television stations in 38 markets, and is the largest group owner of stations affiliated with NBC and CBS and the fourth-largest group owner of stations affiliated with ABC and holds properties in digital media.

In June 2015, Gannett split into two independent publicly traded companies, one focusing on its newspapers and publishing, which would retain the Gannett name, and one on broadcasting. Robert Dickey – who led Gannett's newspaper group – would serve as CEO of the former company, leaving the remaining broadcasting and digital operations under the leadership of Gracia Martore. In a statement, she explained that the split plans were "significant next steps in our ongoing initiatives to increase shareholder value by building scale, increasing cash flow, sharpening management focus, and strengthening all of our businesses to compete effectively in today's increasingly digital landscape." Additionally, the company announced that it would buy out the remainder of Classified Ventures (a joint venture between Tegna and several other media companies) for $1.8 billion, giving it full ownership of properties such as Cars.com.

As part of the separation, the company announced that the broadcasting and digital company would be named Tegna—a partial anagram of "Gannett". The spin-out was structured so that Tegna is the legal successor to the "old" Gannett, while the "new" Gannett is legally considered a new company. The split was completed on June 29, 2015. Tegna retained "old" Gannett's stock price history, though it trades under a new ticker symbol, TGNA. The "new" Gannett inherited old Gannett's longtime ticker symbol, GCI.

Tegna also retained G/O Digital, a digital marketing services brand that it launched in August 2013, and the 20 broadcast stations it acquired from Belo Corporation in December 2013 and the six stations it acquired from London Broadcasting Company in July 2014.

In September 2016, Tegna announced plans to spin off Cars.com to create two independent publicly traded companies. Tegna shareholders approved an initial public offering of Cars.com as a publicly-traded spin-off in May 2017. Shortly after, Tegna completed the spin-off of Cars.com, which now trades under a new ticker symbol, CARS.

Upon the completion of the spin-off, Dave Lougee, president of Tegna Media, was named president and CEO of Tegna and joined the company’s Board of Directors. Gracia Martore, president and CEO of Tegna, retired and stepped down from the Board.

Prior to the company’s completion of the spin-off of Cars.com, it was reported by DealReporter that Nexstar Media Group may be considering a bid to acquire Tegna. In June of 2017, TEGNA announced it had entered into a definitive agreement, together with the other owners of CareerBuilder, to sell CareerBuilder to an investor group led by investments funds managed by affiliates of Apollo Global Management and the Ontario Teachers’ Pension Plan Board.

Tenga and Cooper Media, parent corporation of the Justice Network, announced on November 7, 2017 a new multicast network, Quest. Tenga would be the charter station group as such would receive a minority stake in the network, which is planned to launch in January 2018. The range of programming on the network would be engineering and science, human achievements, military history and natural history.

Tegna owns or operates 46 television stations located in 38 markets (including seven duopolies). 18 of the company's stations are affiliated with NBC (including a semi-satellite of KCEN-TV and a digital subchannel of KBMT), ten are affiliated with CBS, nine are affiliated with ABC, and three are affiliated with Fox. In addition, the company owns two CW affiliates, three MyNetworkTV affiliates and one independent station.

It also provides operational services to KTTU in Tucson through shared services agreements with Tucker Operating Co.

Stations are listed alphabetically by state and city of license.

Notes of prior ownership or current shared services agreement:

All of these are news networks owned by Belo prior to acquisition by Tegna.

In 2015, Tegna Media test-ran a limited-run informative talk show hosted by Dallas-based bishop T. D. Jakes on its owned stations in Dallas, Atlanta, Minneapolis and Cleveland. The show, titled T.D. Jakes, was co-produced by Debmar-Mercury, Tegna Media, 44 Blue Productions, Jakes' own production company, TDJ Enterprises and EnLight Productions and lasted from August 17 through September 11.

On December 9, Tegna greenlit the series for an entire run for the 2016–2017 broadcast season. The series debuted on September 12 on most, if not all Tegna-owned stations, as well as several large markets, including Baltimore (WMAR-TV), Detroit (WMYD), Orlando (WFTV/WRDQ), Chicago (WCIU-TV), San Antonio (KSAT-TV), and San Diego (KGTV). Debmar-Mercury, however is not participating in the production run, being replaced by independent company Flow Media Partners.

T.D. Jakes will be ending in September 2017.

Gannett Company spun-off most of its internet media properties to Tegna. When the total internet media division was part of the Gannett Company, it managed the websites for USA Today, as well as Gannett's newspaper and broadcast properties throughout the United States. It owns:

Stations are arranged in alphabetical order by state and city of license. The list includes stations owned by Tegna, Inc. during its time as Gannett Company, Inc.

Notes:

Other Notes:

These cable networks were owned by Belo prior to acquisition by Gannett.

(a partial listing)

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