13.81 +0.05 (0.36%)
After hours: 5:09PM EDT
|Bid||13.80 x 3100|
|Ask||13.81 x 4000|
|Day's Range||13.75 - 14.14|
|52 Week Range||10.00 - 15.58|
|Beta (3Y Monthly)||1.39|
|PE Ratio (TTM)||7.36|
|Earnings Date||May 6, 2019 - May 10, 2019|
|Forward Dividend & Yield||0.28 (1.98%)|
|1y Target Est||16.06|
Moody's Investors Service ("Moody's") has today changed the outlook on TEGNA Inc.'s ("TEGNA") ratings to negative from stable following the company's announcement that it had entered into a definitive agreement to acquire eleven TV stations that are being divested as part of the Nexstar Broadcasting, Inc. ("Nexstar", B1 stable) acquisition of Tribune Media Company ("Tribune", B1 stable). Concurrently, Moody's has affirmed TEGNA's Ba2 corporate family rating (CFR) and Ba1-PD probability of default rating (PDR) as well as the Ba2 ratings on the company's senior unsecured notes -- including the 2027 unsecured notes issued by Belo Corp. - and the Ba2 rating on the senior unsecured credit facility.
"This acquisition represents another step in our plan to improve the depth, reach and durability of our broadcast television station portfolio while adding nicely to the company's free cash flow generation,"
(Reuters) - Nexstar Media Group said on Wednesday it would sell 11 television stations to Tegna Inc and eight to E.W. Scripps Co for about $1.32 billion in cash. Separately, Nexstar said it was in talks ...
Nexstar Media Group said it would shed 19 television stations in 15 markets for $1.32 billion in cash in a bid to help the media company win approval from federal regulators for its acquisition of Tribune ...
Nexstar Media Group is selling 19 television stations to Tegna Inc and E.W. Scripps Co for $1.3 billion to satisfy regulatory demands before it buys Tribune Media Co, it said on Wednesday. The TV station operator will sell 11 stations to Tegna for $740 million and eight to Scripps for $580 million in cash, as part of moves to comply with the U.S. Federal Communications Commission's conditions. Nexstar announced its purchase of peer Tribune for about $4.1 billion in cash in December, a deal that will make it the largest regional U.S. TV station operator.
TEGNA enters into definitive agreement with Nexstar Media Group to acquire 11 stations including eight Big Four affiliates
TEGNA Inc. (TGNA) was honored today with four Walter Cronkite Awards for Excellence in Television Political Journalism from USC’s Annenberg School of Journalism’s Norman Lear Center, more than any other news organization in the country. The Walter Cronkite Awards for Excellence in Television Political Journalism celebrate the indispensable role the free press plays in the health of American democracy. KUSA 9News in Denver, CO won its fourth Brooks Jackson Prize for Fact-Checking Political Messages in the local broadcast category.
Tegna Inc NYSE:TGNAView full report here! Summary * Perception of the company's creditworthiness is positive and improving * Bearish sentiment is low Bearish sentimentShort interest | PositiveShort interest is low for TGNA with fewer than 5% of shares on loan. The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices. Money flowETF/Index ownership | NeutralETF activity is neutral. ETFs that hold TGNA had net inflows of $4.73 billion over the last one-month. While these are not among the highest inflows of the last year, the rate of inflow is increasing. Economic sentimentPMI by IHS Markit | NeutralAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Consumer Services sector is rising. The rate of growth is weak relative to the trend shown over the past year, however. Credit worthinessCredit default swap | PositiveThe current level displays a positive indicator with a strengthening bias over the past 1-month. TGNA credit default swap spreads are decreasing and near the lowest level of the last one year, which indicates improvement in the market's perception of the company's credit worthiness.Please send all inquiries related to the report to firstname.lastname@example.org.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
TEGNA Inc. will provide a live audio webcast of the question and answer session with Dave Lougee, president and CEO, and Victoria Harker, executive vice president and chief financial officer, at the Deutsche Bank Securities 2019 Media, Internet and Telecom Conference at 3:40 p.m.
Important news for shareholders and potential investors in TEGNA Inc. (NYSE:TGNA): The dividend payment of US$0.07 per share will be distributed to shareholders on 01 April 2019, and the stockRead More...
Nexstar's (NXST) fourth-quarter 2018 top line benefits from higher political advertising revenues and non-television advertising revenues.
TEGNA Inc.’s Board of Directors today declared a dividend of 7 cents per share, payable on April 1, 2019 to stockholders of record as of the close of business on March 8, 2019.
Netflix (NFLX) is leasing two studios, Cinespace and Pinewood, in Toronto, which will provide space of almost 250,000 square feet, including eight stages.
DISH Network's (DISH) fourth-quarter 2018 results get negatively impacted by declining Pay-TV subscriber base, due to intensifying competition from streaming platforms.
KHOU will occupy 43,000 square feet across three floors beginning Feb. 10, and newscasts from the studio are scheduled to begin later this month.