TEGNA (TGNA) Tops Q2 EPS by 3c; Cars.com to Acquire DealerRater
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July 26, 2016 8:31 AM EDT
Highlights for the second quarter include the following:
GAAP earnings from continuing operations of $0.45 per diluted share
compared to $0.17 per diluted share in the second quarter last year.
Non-GAAP earnings from continuing operations of $0.50 per diluted
share, an increase of 67 percent year-over-year
Total company revenues up 7 percent, 9 percent on a pro forma basis,
driven by strong Media and Digital Segment performances
Media Segment revenues 10 percent higher including significant
increases in retransmission and political advertising revenues
Digital Segment revenues up 4 percent and 7 percent higher on a pro
forma basis...
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July 26, 2016 8:30 AM EDT
CHICAGO, July 26, 2016 /PRNewswire/ --Â Cars.com, a TEGNA Inc. (NYSE: TGNA) company, has entered into an agreement to acquire DealerRater, the industry's largest automotive consumer review website. The transaction is subject to regulatory approval and customary closing conditions, and is expected to close by the end of August. Terms of the transaction were not disclosed.
Reviews have become critical to the car... More
