|Bid||0.00 x 2900|
|Ask||0.00 x 1400|
|Day's Range||10.88 - 11.25|
|52 Week Range||9.61 - 18.31|
|Beta (5Y Monthly)||1.37|
|PE Ratio (TTM)||8.24|
|Earnings Date||Aug 04, 2020 - Aug 10, 2020|
|Forward Dividend & Yield||0.28 (2.50%)|
|Ex-Dividend Date||Jun 04, 2020|
|1y Target Est||15.00|
By Soo Kim The boards of directors of U.S. public companies overwhelmingly lack diversity. Within the Russell 3000, only 20% of directors are women and just 10% represent racial or ethnic minorities. Much has been made in recent years about this lack of diversity. Notwithstanding calls by many of the world’s largest investors and asset […]
TEGNA announces WUSA9, TEGNA's CBS affiliate in Washington, D.C., has won five Gracie Awards from the Alliance for Women in Media Foundation.
TEGNA wins 88 Regional Edward R. Murrow Awards for excellence in broadcast journalism, more than any other local broadcast television group.
At this time, I'd like to turn the conference over to Doug Kuckelman, head of investor relations. Today, our president and CEO, Dave Lougee; and our CFO, Victoria Harker, will review TEGNA's financial performance and results.
TEGNA's (TGNA) first-quarter 2020 results reflect higher subscription revenues and a solid uptrend in political revenues amid coronavirus chaos.
VAULT Studios debuts SELENA: A STAR DIES IN TEXAS, a podcast chronicling the incredible life and enduring legacy of Selena Quintanilla-Pérez.
TEGNA's (TGNA) Q1 earnings are likely to have gained traction from a stable subscriber base, higher retransmission rates and accretive acquisitions amid coronavirus chaos.
TEGNA announces that based on a preliminary vote count by its proxy solicitor, shareholders have re-elected all 12 of TEGNA's directors.
(Bloomberg) -- One of the contenders in the hotly-contested Tegna Inc. proxy battle says it’s been smeared with false accusations of improper trading in a blatant attempt to manipulate this week’s vote for a new board of directors.New York-based hedge fund Standard General LP sued Tusk Strategies Tuesday in Manhattan federal court, accusing the political consulting firm, of “blanketing the media with false and misleading proxy materials” on behalf of a “secret client.”Tegna, based in Tysons, Virginia, is a broadcast and digital media company that owns 66 stations in 54 markets. It has been locked in a monthslong battle with Standard General, its largest shareholder which owns 12% of the company. Standard General is seeking four board seats. A vote is scheduled for Thursday.The coronavirus threw a wrench into the proxy fight as face-to-face meetings with key investors were replaced with phone calls as the virus spread, according to people familiar with the matter, who asked not to be identified because the procedures are private.An employee of Tusk sent an email to news outlets Friday to try to get them to write stories about a lawsuit in which Standard General is accused of improperly profiting from short-term trades, the hedge fund said. In the lawsuit, filed by an investor, Standard General and its chairman, Soohyung Kim, were accused of making almost $800,000 by selling Tegna stock while the proxy fight was “raging.”Standard General denied any wrongdoing and described the investor lawsuit as “frivolous.” It’s asking the court to order Tegna to file U.S. Securities and Exchange Commission proxy statements, reveal the name of its client, and retract its “false and misleading statements.”“As of the date of this complaint, the proxy contest hangs in the balance,” Standard General said in its complaint. “Tusk’s reasons for pursuing this malicious and defamatory article are obvious: a story accusing Standard General and Mr. Kim of a crime would likely be a knockout blow to Standard General’s prospects in the proxy contest.”Tusk didn’t return a request for comment.(Corrects the claim in the underlying lawsuit in fifth paragraph.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
TEGNA urges shareholders to vote "FOR ALL" of TEGNA's 12 director nominees on the GOLD proxy card by internet or by phone TODAY.
Standard General L.P., the largest equity holder of TEGNA Inc. ("TEGNA" or the "Company") (NYSE: TGNA), today urged its fellow shareholders to vote for meaningful change, fresh perspectives, and diversity on TEGNA's Board of Directors by voting on Standard General's WHITE proxy card.
(Bloomberg) -- The boardroom battle at Tegna Inc. is once again breaking new ground with its biggest investor pushing for change at the broadcaster using a new set of rules to criticize the findings of a prominent shareholder advisory firm.Glass Lewis & Co. recommended last week investors support management’s slate of directors. Standard General LP, which owns a 12% stake in Tegna and has been seeking four seats on its board, has taken issue with several findings in the Glass Lewis report, according to people familiar with the matter.Its primary accusations contained in a letter filed with Glass Lewis Saturday is that the advisory firm relied on unsubstantiated or non-public information to inform its decision to support the election of all 12 of management’s nominees for the board, the people said, asking to not to be identified because the matter is private.It also argued, among its many concerns about the report, that the advisory firm seemingly adopted two new policies that suggest shareholders do not make good board members when it stated that it was “increasingly reluctant” to recommend direct representatives of dissident shareholders unless the case “clearly calls for it.” Glass Lewis made the assertion while explaining why it recommended Standard General’s Founding Partner Soo Kim not be elected.Standard General argued the second new policy is that long-serving directors at underperforming companies should be protected from change because they’ve taken on leadership roles on the board, the people said.Representatives for Standard General and Tegna declined to comment, while Glass Lewis didn’t immediately respond to a query.The letter is believed to be the first time Glass Lewis’ recently implemented changes to how it handles feedback from parties in contested situations has been used. The new program, which Glass Lewis launched earlier this month, allows for either side in a proxy fight to submit their concerns about the advisory firm’s report within seven days. Glass Lewis has said it will then send the unedited feedback to its clients.The changes come as proxy advisory firms, like Glass Lewis and its larger rival Institutional Shareholder Services Inc., have come under increased scrutiny by lawmakers after complaints the current system hasn’t been fair to companies given the substantial sway the advisory firms have on shareholder vote outcomes.Glass Lewis and ISS provide advice to their clients on how to vote on shareholder matters. While their opinions are not sacrosanct, their views do have a significant influence on the outcome of shareholders votes. This means that both sides in a proxy fight, like the one currently underway at Tegna, spend significant resources trying to convince the advisory firms of the merits of their case.The changes implemented at Glass Lewis earlier this month are meant to give the subjects of its reports the final say on shareholder matters, the firm said in an April 2 statement. While several companies have already taken advantage of the new system in non-contested situations, including Johnson & Johnson, Kirby Corp., and James River Group Holdings Inc., Standard General is believed to be the first to use it in a fight for board seats.It’s just the latest first in the Tegna fight, which is also poised to be the first contested situation to be resolved in a virtual meeting slated for April 30.Glass Lewis sided with Tegna in its report issued Wednesday, arguing it had found that Standard General made “several unverifiable and flatly false” statements in its argument for change. It also argued that the investor had failed to offer any alternative course for the company to create value other than a sale. At the same time, it said Tegna had made a convincing case that it’s delivered a performance in line or better than its peers since becoming a pure-play broadcaster two years ago, and that shareholders had reason to have confidence in its current plans.Tegna welcomed the report, saying in a statement that it is “a clear recognition of the strength and performance of our existing board.”The decision was a blow for Standard General. The investment firm had argued the broadcaster’s current leadership has made missteps, including failing to find a buyer. Talks with at least four potential bidders, including private equity giant Apollo Global Management Inc., fell apart last month.Its argument convinced ISS to support one of its nominees for the board earlier this month.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
TEGNA welcomes recommendation by independent proxy firm Egan-Jones for shareholders to vote GOLD proxy card FOR ALL 12 TEGNA Board director nominees.
All eyes and ears are glued to the media these days. Atlanta area newspapers, TV stations and radio outlets have a captive audience thanks to COVID-19 and orders to shelter in place. “To put this in perspective, we normally have 260 people in the building [including local and national staff],” said John Deushane, president and general manager of WXIA-TV and MyATL.
Glass Lewis, a leading independent proxy advisory firm, recommends shareholders vote GOLD proxy card for all 12 of TEGNA's Board director nominees.
Standard General L.P., the largest equity holder of TEGNA Inc. ("TEGNA" or the "Company") (NYSE: TGNA), today released an open letter encouraging TEGNA shareholders to vote on the WHITE proxy card for meaningful shareholder representation in the TEGNA Boardroom by electing Standard General's four exceptional director candidates.
TEGNA will host its 2020 Annual Meeting of Shareholders virtually, in accordance with state guidance and related orders due to COVID-19 pandemic.
TEGNA announces preliminary first quarter 2020 financial results, and expects to achieve previously issued guidance for all first quarter metrics.