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TEGNA's (TGNA) first-quarter 2024 results reflect a year-over-year decline in the top line due to lower subscription revenues, partially offset by higher political advertising revenues.

TEGNA Inc. (NYSE:TGNA ) Q1 2024 Earnings Call Transcript May 8, 2024 10:00 AM ET Company Participants Kirk von Seelen - Vice President and Treasurer David Lougee - President, CEO & Director Julie Heskett - Senior VP & CFO Tom Cox - Chief Growth Officer Conference Call Participants Dan Kurnos - Benchmark Company Steven Cahall - Wells Fargo Craig Huber - Huber Research Partners James Goss - Barrington Research Operator Hello and welcome to TEGNA First Quarter 2024 Earnings Conference Call. At this time, all participants are in a listen-only mode.

While the top- and bottom-line numbers for TEGNA (TGNA) give a sense of how the business performed in the quarter ended March 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

TEGNA Inc. (TGNA) came out with quarterly earnings of $0.45 per share, beating the Zacks Consensus Estimate of $0.43 per share. This compares to earnings of $0.47 per share a year ago.

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TEGNA (TGNA) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

TEGNA has announced a capital allocation strategy to boost performance, including a $800 million share repurchase program and a 20% increase in dividends. The company has renewed its contractual obligations, focusing on content generation, customer engagement, and sales/marketing. TGNA's Premion, a leader in digital advertising, has acquired Octillion Media to enhance its organic growth in the connected TV space.

TYSONS, Va.--(BUSINESS WIRE)--TEGNA will host a conference call to discuss its first quarter 2024 earnings results on Wednesday, May 8, 2024, at 10 a.m. (ET).

TEGNA (TGNA) and Comscore enter into a multi-year agreement for local linear and cross-platform audience measurement.