TENGA, Inc. (TGNA) PT Lowered to $22 at Guggenheim
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Standard General to Challenge Media Bureau’s Unprecedented Attempt to Scuttle the Proposed Transaction with TEGNA; Calls on FCC to Bring the Transaction to a Vote by the Full Commission
February 27, 2023 10:50 AM ESTNEW YORK--(BUSINESS WIRE)-- Standard General L.P. is vowing to continue its efforts to complete its proposed transaction with TEGNA (NYSE: TGNA), despite the unprecedented actions of the FCCs Media Bureau, which belatedly designated two questions related to the deal to an Administrative Law Judge. The Media Bureaus action, which was promptly criticized by two of the FCCs four current Commissioners, is tantamount to denying the transaction by initiating a lengthy process that would extend well beyond the transactions Final Extension Date of May 22, 2023.
Standard General is calling on the... More
TEGNA Inc. Reports Fourth Quarter and Full-Year 2022 Results
February 27, 2023 8:33 AM ESTAchieved record year for company revenue, subscription revenue, net income, and Adjusted EBITDA
Achieved sustained progress toward TEGNAs 2025 Diversity, Equity and Inclusion (DE&I) goals to grow Black, Indigenous and People of Color (BIPOC) representation in company leadership as well as content teams
TYSONS, Va.--(BUSINESS WIRE)-- TEGNA Inc. (NYSE: TGNA) today announced financial results for the fourth quarter and full-year ended December 31, 2022.
FOURTH QUARTER FINANCIAL HIGHLIGHTS:
Total company revenue was $917 million in the fourth quarter, up 18 percent year-over-year, driven by strong... More