$TGNA (TEGNA Inc.)

$TGNA {{ '2015-10-20T14:51:35+0000' | timeago}} • Webcast

In 3Q15, $TGNA's media segment achieved revenues at the favorable-end of its previous guidance, driven by core advertising revenue growth and double digit revenue growth in retransmission and digital revenues. TEGNA digital revenues grew a strong 72% compared to the third quarter last year; growth was driven by the acquisition of Cars.com.

$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.

$TGNA {{ '2017-04-12T15:47:25+0000' | timeago}} • Announcement

$TGNA promoted Jeff Newman to SVP and chief human resources officer. He was previously VP of total rewards. Newman will report to Gracia Martore, president and CEO, and will be responsible for leading its human resources team.

$TGNA {{ '2017-04-10T15:25:18+0000' | timeago}} • Announcement

$TGNA appointed Anne Bentley as VP and Chief Communications Officer. Bentley will report to CEO Gracia Martore, and will be responsible for leading $TGNA’s communications strategy. Most recently, she was VP and head of corporate communications for PBS.

$TGNA {{ '2017-03-01T13:42:00+0000' | timeago}} • Announcement

In September 2016, $TGNA announced its intention to spin-off Cars.com from $TGNA, creating two independent publicly traded companies, TEGNA and Cars.com. $TGNA also announced that it is evaluating strategic alternatives for CareerBuilder. The spin-off is expected to take place in 1H17.

$TGNA {{ '2017-03-01T13:39:29+0000' | timeago}} • Announcement

$TGNA's BoD declared a dividend of $0.14 per share, payable on April 3, 2017 to stockholders of record as of March 10, 2017.

$TGNA {{ '2017-02-27T16:58:10+0000' | timeago}} • Webcast

$TGNA said that manufacturers and dealers have realized the importance of mobile and they're going to start increasing their investment in mobile. There's less room for Display advertising. Mobile now accounts for over half of the total site traffic and the company does not expect this to change.

$TGNA {{ '2017-02-27T16:44:12+0000' | timeago}} • Webcast

For 2017, $TGNA projects new cars market to be flat to down and used cars market to be strong and growing. 75% of the company's total site traffic comes in from people who are looking for a used car. $TGNA has got nearly 2MM listings in its database for used vehicles.

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