TEGNA (TGNA) Tops Q2 EPS by 3c; Cars.com to Acquire DealerRater

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Go back to TEGNA (TGNA) Tops Q2 EPS by 3c; Cars.com to Acquire DealerRater

TEGNA Inc. Reports Strong 2016 Second Quarter Results

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... More

Cars.com Reaches Agreement to Acquire DealerRater

July 26, 2016 8:30 AM EDT

CHICAGO, July 26, 2016 /PRNewswire/ -- 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