The Latest Breaking News from Tegna Inc

Townsquare Media (NYSE: TSQ) came out with quarterly earnings of $0.71 per share, beating the Zacks Consensus Estimate of $0.63 per share. This compares to earnings of $0.53 per share a year ago. These figures are adjusted for non-recurring items.

TEGNA Inc (NYSE:TGNA) reported first-quarter FY22 revenue growth of 6.5% year-on-year to $774.1 million, beating the consensus of $772 million. A record AMS revenue and growth in political revenue drove the results. Subscription revenue of $391.7 million was up 1.3% Y/Y. AMS revenue was $354.5 million, up 9.8% Y/Y. Political revenue was up…

Tegna Inc (NYSE:TGNA) reported a fourth-quarter FY21 revenue decline of 17% year-on-year to $774.65 million, beating the consensus of $772.6 million. The decline was due to the absence of political revenue. Subscription revenue of $336 million was up 7% Y/Y. AMS revenue was $400 million, up 14% Y/Y. The non-GAAP EPS of $0.57…

Standard General and Apollo Global Management Inc (NYSE:APO) agreed to acquire television broadcaster Tegna Inc (NYSE:TGNA). They will acquire Tegna in a transaction valued at $24 a share.  The purchase price implied a premium of 39% on the unaffected closing share price on September 14, 2021, the last full trading day before media speculation about a…