Tegna Inc (NYSE: TGNA)

TEGNA Inc., commonly known as TEGNA, is a prominent player in the media industry, with its operations spanning television and radio broadcasting, as well as digital media properties. Its ticker symbol is TGNA.

TEGNA's primary business activities include broadcasting, digital media, and marketing services. The company has a significant presence in the U.S. media landscape, with ownership of 64 television stations and two radio stations across 51 markets. These stations reach approximately 39% of U.S. television households and offer local programming such as news, sports, weather, and entertainment. TEGNA's television stations are affiliated with major networks including NBC, CBS, ABC, and FOX.

The company generates revenue through various streams, including subscription fees, advertising and marketing services, and political advertising. Subscription fees are derived from fees paid by satellite, cable, OTT, and telecommunications providers to carry TEGNA's television signals on their systems. Advertising and marketing services revenues come from local and national non-political television advertising, digital marketing services, and advertising on stations' websites, tablet, and mobile products, as well as OTT apps. Political advertising revenues are driven by even-year election cycles at the local and national level.

TEGNA's local television stations form the backbone of its business, providing high-quality local programming in 51 U.S. markets. These stations are affiliated with major networks and operate under long-term network affiliation agreements. TEGNA's local stations offer a unique position among the numerous program choices viewers have, regardless of platform.

TEGNA's digital media segment is a significant contributor to its revenue. The company's digital properties include websites, mobile apps, and OTT apps, which provide news, sports, and entertainment content to a wide audience. TEGNA's digital media segment also includes Premion, a leading premium CTV/OTT advertising platform, which offers local, regional, and national brands an effective, turnkey solution to run streaming CTV advertising campaigns in all 210 DMAs in the United States.

TEGNA's marketing services segment provides customized marketing solutions to clients across linear, desktop, mobile, and streaming platforms. The company's dedicated team of advertising professionals aims to deliver seamless execution and optimize marketing campaigns for clients. TEGNA's marketing services segment also includes Premion, which provides local, regional, and national brands an effective, turnkey solution to run streaming CTV advertising campaigns.

TEGNA's position within the industry is characterized by its large portfolio of television stations, robust digital media properties, and innovative marketing services. The company competes with other major media companies, including cable providers Comcast and Charter, as well as internet platforms Google, Facebook, and YouTube.

TEGNA's customers include local and national advertisers, satellite, cable, OTT, and telecommunications providers, network partners, and political campaigns.

TEGNA's brand names and trade names of its products and services include its local television stations, two radio stations, digital media properties, and Premion.

In addition to its business operations, TEGNA is committed to corporate responsibility and sustainability. The company has made significant efforts to reduce its environmental impact, including reducing energy consumption and waste, and promoting diversity and inclusion in the workplace. TEGNA's corporate responsibility initiatives are guided by its values of inclusion, integrity, innovation, impact, and results. TEGNA's employees are also committed to giving back to their local communities through volunteer work and charitable donations. The company's employee matching gift program matches employee donations to eligible non-profit organizations, and TEGNA also provides 10 hours of paid time off annually for volunteer work.