TGNA Stock Recent News

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.

TEGNA's (TGNA) first-quarter 2023 results reflect a year-over-year decline in both earnings and revenues.

TEGNA Inc. (TGNA) came out with quarterly earnings of $0.47 per share, beating the Zacks Consensus Estimate of $0.46 per share. This compares to earnings of $0.59 per share a year ago.

New Jersey Sen. Bob Menendez railed on the Senate floor about the FCC jeopardizing the offer by Soo Kim's Standard General to buy Tegna, the owner of 64 television stations, “through, in essence, inaction.

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

In stock investing, these are called value traps. Value traps are equities that appear to be inexpensive because they have low valuations.

Investors weren't impressed by the company's fourth-quarter and full-year 2022 performance.

TEGNA's (TGNA) fourth-quarter 2022 results reflect growth in political revenues, despite a decline in advertising and marketing services revenues.

Yahoo Finance Live anchors Julie Hyman and Brad Smith discuss the decline in Tegna stock.

Tegna (TGNA) buyout deal of $5.4 million gets shelved by the Federal Communications Commission.