TENGA, Inc. (TGNA) PT Lowered to $22 at Guggenheim

Standard General to press on with Tegna purchase despite FCC action

By Diane Bartz and David Shepardson

WASHINGTON (Reuters) -Hedge fund Standard General sharply criticized the U.S. Federal Communications Commission's (FCC) decision to hold hearings on its $5.4 billion plan to buy television station operator Tegna, saying on Monday it was "tantamount to denying" the deal.

The FCC, which regulates telecommunications, said on Friday it would hold a hearing on the planned acquisition of Tegna, which manages 64 stations in 51 U.S. markets. Lengthy hearings have historically led deals to collapse. The Media Bureau made the... More

Standard General to challange media bureau on TEGNA (TGNA)

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 Federal... More

Increasing unusual option volume: TGNA CHGG GLNG AAP EOSE SGEN DNMR MANU

Increasing unusual option volume: TGNA CHGG GLNG AAP EOSE SGEN DNMR MANU

Tegna slips after FCC delays Standard General's proposed $5.4 billion takeover

By Scott Kanowsky

Investing.com -- Shares in Tegna Inc (NYSE: TGNA) shed nearly a fourth of their value in pre-market trading on Monday after U.S. regulators put the brakes on a potential multibillion-dollar takeover of the television station operator by hedge fund Standard General.

Under the terms of the agreement first made in February 2022, Standard General would purchase Tegna in a deal that would value the company behind 64 TV stations across the... More

TEGNA (TGNA) Misses Q4 EPS by 9c

TEGNA (NYSE: TGNA) reported Q4 EPS of $0.98, $0.09 worse than the analyst estimate of $1.07. Revenue for the quarter came in at $917 million versus the consensus estimate of $955.93 million.

For earnings history and earnings-related data on TEGNA (TGNA) click here.

Wells Fargo Says TEGNA (TGNA) Deal Could be Blocked by FCC

Wells Fargo Says TEGNA (NYSE: TGNA) Deal Could be Blocked by FCC

The analyst comments "The FCC's move suggests that a deal for TGNA will break. For TGNA, we apply an ~6x EV/EBITDA multiple (prior 8x) on CY23/24E EBITDA since... More

FCC Issues Hearing Designation Order For Pending Standard General-Tegna (TGNA) Transactions (earlier)

The Federal Communications Commission today announced that the Media Bureau has designated certain questions related to the pending applications involving Standard General, TEGNA (NYSE: TGNA), and Cox Media Group to its administrative law judge. The pending applications involve a series of transactions that would result in Standard Generals acquisition of 64 full-power TV stations and two full-power radio stations currently owned and operated... More

Increasing unusual option volume: TGNA VNQ GOL RADI FND FORG ICLN RETA ESPR

Increasing unusual option volume: TGNA VNQ GOL RADI FND FORG ICLN RETA ESPR

TENGA, Inc. (TGNA) PT Lowered to $20 at Wells Fargo

Wells Fargo analyst Steven Cahall lowered the price target on TENGA, Inc. (NYSE: TGNA) to $20.00 (from $24.00) while maintaining a Equal Weight rating.... More