$TGNA (TEGNA Inc.)

$TGNA {{ '2016-09-07T12:45:44+0000' | timeago}} • Announcement

$TGNA also said Gracia Martore, CEO and a member of its BoD, will retire upon closing of the spin-off, which is expected to take place in 1H17. Dave Lougee, currently President of TEGNA Media, will replace Martore, and Alex Vetter will be CEO of the new Cars.com. Lougee and Vetter will also serve on the Boards of $TGNA and Cars.com, respectively.

$TGNA {{ '2017-09-19T21:17:05+0000' | timeago}} • Announcement

$TGNA's BoD authorized a new share repurchase program, its first as a standalone media company, for up to $300MM of its common stock over the next three years. Excluding the impact of Olympics and political advertising spend, the company expects 2017 revenues to be strong on an odd-year comparable basis for both Q3 and full year.

$TGNA {{ '2017-09-18T19:29:04+0000' | timeago}} • Announcement

Jennifer Dulski has resigned from $TGNA Board to begin a new professional opportunity, effective immediately. Dulski joined the Board in 2016 and served on the Executive Compensation Committee.

$TGNA {{ '2017-08-16T14:31:03+0000' | timeago}} • Announcement

$TGNA said it will collaborate with The Weather Channel digital properties to provide special nationwide content of the Great American Total Solar Eclipse on Aug. 21. $TGNA is also partnering with $FB to provide a live stream of the eclipse on Facebook Live.

$TGNA {{ '2017-08-10T18:38:23+0000' | timeago}} • Announcement

$TGNA, a media company, has announced that Adam Ostrow will be joining the company as Chief Digital Officer. Ostrow, who was Chief Strategy Officer at Mashable, will be responsible for creating, evangelizing and implementing the firm’s digital vision and strategy.

$TGNA {{ '2017-07-31T22:22:25+0000' | timeago}} • Announcement

$TGNA sold CareerBuilder to a group led by investment funds managed by affiliates of $APO. Gross proceeds were approx. $250MM. $TGNA estimates that net of taxes and other adjustments, cash proceeds will be about $220MM. $TGNA will remain a partner in CareerBuilder, reducing its interest to about 12% on a fully-diluted basis.

$TGNA {{ '2017-07-26T13:25:06+0000' | timeago}} • Announcement

$TGNA has declared a dividend of 7 cents per share, payable on Oct 2, 2017 to stockholders of record as on Sept 8, 2017. The company expects to pay a regular cash dividend of $0.28 per share annually as announced leading up to the spin-off of Cars.com, which was completed on May 31, 2017.

$OMC {{ '2017-07-18T14:10:52+0000' | timeago}} • Announcement

Corporate communications firm $OMC has named Gracia Martore an independent director, effective immediately. The appointment of Martore, who retired as President and CEO of $TGNA recently, expands the BoD to 13 directors. Currently, she serves on the BoD of The Associated Press, FM Global, United Rentals and WestRock Company.

$TGNA {{ '2017-06-19T13:30:35+0000' | timeago}} • Announcement

$TGNA agreed, together with the other owners of CareerBuilder, to sell CareerBuilder to an investor group led by investments funds managed by affiliates of $APO and Ontario Teachers' Pension Plan Board. The proposed transaction is expected to close in 3Q17.

$TGNA {{ '2017-06-19T13:29:03+0000' | timeago}} • Announcement

$TGNA said it will remain ongoing partner in CareerBuilder, lowering its current 53% controlling interest to 12.5% on a fully-diluted basis once proposed transaction is complete. As a result, CareerBuilder will no longer be consolidated within $TGNA's results and will instead be reflected as an equity investment within $TGNA's financial statements.

$TGNA {{ '2017-06-19T13:27:43+0000' | timeago}} • Announcement

$TGNA agreed, together with other owners of CareerBuilder, to sell CareerBuilder to investor group led by investments funds managed by affiliates of $APO and Ontario Teachers' Pension Plan Board. $TGNA's estimated cash proceeds are expected to be about $250MM, which will be used to retire existing debt and for other general corporate purposes.

$URI {{ '2017-06-05T11:49:10+0000' | timeago}} • Announcement

Gracia Martore has joined $URI BoD, effective immediately.  Martore joins Shiv Singh, the company’s other new director, who was elected by stockholders at May 4 meeting. Martore recently retired as CEO of $TGNA, while Singh is an SVP at $V.

$TGNA {{ '2017-06-01T15:40:37+0000' | timeago}} • Announcement

$TGNA has completed spin-off of Cars.com, creating two publicly traded companies named TEGNA and Cars.com. Effective June 1, 2017, Cars.com will begin regular trading on the NYSE under the symbol $CARS, while TEGNA will continue trading under the symbol $TGNA. Post-deal, TEGNA Media President Dave Lougee was named CEO of TEGNA Inc.

$TGNA {{ '2017-05-30T19:40:07+0000' | timeago}} • Announcement

$TGNA declared a dividend of 7 cents per share, payable on July 3, 2017 to stockholders as of June 9, 2017. Additionally, $TGNA plans to complete its previously announced spin-off of Cars.com on May 31, 2017. Cars.com shares are expected to begin trading on June 1, 2017 on the NYSE under the symbol CARS.

$TGNA {{ '2017-05-17T18:34:16+0000' | timeago}} • Announcement

$TGNA expects 2017 total company revenues, on a pro forma basis, to remain in line with 2016 revenues of $2.7Bil, including CareerBuilder and excluding Cars.com. The company also expects to maintain its existing credit facility and expects to target long-term leverage levels in line with its peers.

$TGNA {{ '2017-05-17T18:32:22+0000' | timeago}} • Announcement

$TGNA expects revenue growth of low to mid-single digits in 2017 and low to mid-teens in 2018, while EBITDA margins are expected between 35-37% in 2017 and between 39-42% in 2018. This guidance is for the next two years, on a pro forma basis, excluding Cars.com and CareerBuilder.

$TGNA {{ '2017-05-09T15:58:17+0000' | timeago}} • Webcast

$TGNA believes the skinny bundle price point will bring new people into its universe. The company believes this will be a good development for broadcasting overall. As the world moves to skinny bundles, it will mean there is less linear competition. The company feels optimistic about this trend.

$TGNA {{ '2017-05-09T13:26:56+0000' | timeago}} • Announcement

For $TGNA, cash flow from operating activities in 1Q17 was $140.9MM, with free cash flow totaling $122.9MM. Long-term debt outstanding was $4.0Bil and total cash was $79.7MM at quarter end. $4.9MM of expenses related to the planned spin-off of Cars.com and strategic review of CareerBuilder pushed total non-operating expense to $4.0MM in the quarter

$TGNA {{ '2017-05-09T13:17:26+0000' | timeago}} • Announcement

Operating revenues of $TGNA slipped 0.4% to $778.5MM in 1Q17, with the media firm posting a 37.9% slump in net attributable income from continuing operations of $57.7MM from last year's $92.9MM. Earnings fell 35.7% to $0.27 per share, as Tegna's digital segment operating revenue fell 1.7% to $332.2MM.

$TGNA {{ '2017-05-04T17:25:27+0000' | timeago}} • Announcement

$TGNA's shareholders overwhelmingly approved the re-election of Board members, an advisory resolution on the compensation of its named executive officers, and holding future advisory votes on executive officer compensation every year.

$TGNA {{ '2017-05-04T17:03:04+0000' | timeago}} • Announcement

$TGNA Board of Directors approved the previously announced spin-off of Cars.com, which will create two publicly traded companies.

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