Log in
Log in
Or log in with
GoogleGoogle
Twitter Twitter
Facebook Facebook
Apple Apple     
Sign up
Or log in with
GoogleGoogle
Twitter Twitter
Facebook Facebook
Apple Apple     
  1. Homepage
  2. Equities
  3. United States
  4. Nyse
  5. TEGNA Inc.
  6. News
  7. Summary
    TGNA   US87901J1051

TEGNA INC.

(TGNA)
  Report
Delayed Nyse  -  01:00 2022-11-25 pm EST
19.65 USD   -0.30%
11/22Tegna : Merger Agreement - Form 8-K
PU
11/22Tegna Inc : Other Events (form 8-K)
AQ
11/21Standard General Acquisition of TEGNA Receives Approval from Team Telecom
AQ
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisionsFunds 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector news

Regulator seeks more documents in Standard General's $5.4 bln Tegna deal

09/29/2022 | 11:33pm EST

Sept 29 (Reuters) - The Federal Communications Commission (FCC) on Thursday asked investment firm Standard General to produce further information about its proposed $5.4 billion takeover of U.S. broadcaster Tegna Inc.

The FCC said it needed further information in order to review applications seeking consent to transfer control of Tegna's subsidiaries, which own several licenses, to Standard General.

Tegna, which owns 64 news brands in 51 U.S. markets, had agreed to be acquired by Standard General in a $5.4 billion all-cash deal in February.

Standard General "has consistently confirmed that its plans for post-closing Tegna do not involve station-level layoffs," the company said in a statement to Reuters.

Tegna did not immediately respond to a request for comment.

Standard General, which is Tegna's third-largest shareholder, had nominated four members to the company's board in 2020, arguing the stock had underperformed and changes were needed.

Deb McDermott, currently the chief executive officer of Standard Media, will become CEO of Tegna.

"We just wish to be treated like everyone else," McDermott said on Thursday, referring to the FCC process.

The regulator, which had asked for other additional information in June, added that applicants were expected to respond to the information request before the Oct. 13 deadline. (Reporting by Akash Sriram in Bengaluru; Additional reporting by Jyoti Narayan Editing by Krishna Chandra Eluri and Sherry Jacob-Phillips)


ę Reuters 2022
All news about TEGNA INC.
11/22Tegna : Merger Agreement - Form 8-K
PU
11/22Tegna Inc : Other Events (form 8-K)
AQ
11/21Standard General Acquisition of TEGNA Receives Approval from Team Telecom
AQ
11/18Standard General Acquisition of TEGNA Receives Approval from Team Telecom
BU
11/18US Commerce Department Agency Says it Has 'No Objection' to Tegna, Standard General Dea..
MT
11/09TEGNA INC Management's Discussion and Analysis of Financial Condition and Results of O..
AQ
11/09Tranche Update on TEGNA Inc.'s Equity Buyback Plan announced on January 6, 2021.
CI
11/09TEGNA Q3 Non-GAAP EPS, Revenue Higher
MT
11/09TEGNA Inc. Reports Third Quarter 2022 Results
BU
11/09Earnings Flash (TGNA) TEGNA Reports Q3 EPS $0.65
MT
More news
Analyst Recommendations on TEGNA INC.
More recommendations
Financials (USD)
Sales 2022 3 309 M - -
Net income 2022 650 M - -
Net Debt 2022 2 508 M - -
P/E ratio 2022 -
Yield 2022 1,93%
Capitalization 4 388 M 4 388 M -
EV / Sales 2022 2,08x
Capi. / Sales 2023 1,39x
Nbr of Employees 6 200
Free-Float 68,3%
Chart TEGNA INC.
Duration : Period :
TEGNA Inc. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends TEGNA INC.
Short TermMid-TermLong Term
TrendsNeutralBearishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 5
Last Close Price 19,65 $
Average target price 24,00 $
Spread / Average Target 22,1%
EPS Revisions
Managers and Directors
David T. Lougee President, Chief Executive Officer & Director
Victoria Dux Harker Chief Financial Officer & Executive Vice President
Howard D. Elias Chairman
Kurt Rao Chief Technology Officer & Senior Vice President
Mark Morneau Vice President-Information Technology
Sector and Competitors
1st jan.Capi. (M$)
TEGNA INC.5.87%4 388
WARNER BROS. DISCOVERY, INC.-51.27%27 854
FOX CORPORATION-15.20%16 539
NEXSTAR MEDIA GROUP, INC.15.34%6 605
RTL GROUP S.A.-13.94%6 456
PT ELANG MAHKOTA TEKNOLOGI TBK-31.36%6 079