Type Public company Headquarters Virginia, United States Predecessor Gannett Company | Website tegna.com Founded 29 June 2015 | |
Traded as NYSE: TGNA
S&P 500 Component Key people Gracia Martore
(President & CEO)
Marjorie Magner
(chairman)
Dave Lougee
(President, Tegna Media)
John Williams
(President, Tegna Digital) Products Television
Internet Media Stock price TGNA (NYSE) US$ 25.42 -0.11 (-0.43%)27 Mar, 4:00 PM GMT-4 - Disclaimer CEO Gracia Martore (29 Jun 2015–) Subsidiaries WFAA, KING-TV, Clipper Magazine, Metromix Profiles |
Tegna, Inc. (stylized as TEGNA) is an American publicly traded broadcast and digital media company headquartered in McLean, Virginia. It was created on June 29, 2015 when Gannett Company split into two publicly traded companies. Tegna comprises the more profitable broadcast television and digital media divisions of the old Gannett, while Gannett's publishing interests were spun off as a "new" company that retained the Gannett name. Tegna owns or operates 46 television stations (which, alongside those historically owned by Gannett/Tegna, includes stations that had recently been acquired by Tegna from Belo Corporation and the London Broadcasting Company), and is the largest group owner of stations affiliated with NBC and CBS, and properties in digital media.
Contents
History
On August 5, 2014, Gannett announced that it plans to split into two independent publicly traded companies, one focusing on its newspapers and publishing, which would retain the Gannett name, and one on broadcasting. Robert Dickey – who currently leads Gannett's newspaper group – would serve as CEO of the former company, leaving the remaining broadcasting and digital operations under the leadership of Gracia Martore. In a statement, she explained that the split plans were "significant next steps in our ongoing initiatives to increase shareholder value by building scale, increasing cash flow, sharpening management focus, and strengthening all of our businesses to compete effectively in today's increasingly digital landscape." Additionally, the company announced that it would buy out the remainder of Classified Ventures (a joint venture between Tegna and several other media companies) for $1.8 billion, giving it full ownership of properties such as Cars.com.
On April 21, 2015, the company announced that the broadcasting and digital company would be named Tegna—a partial anagram of "Gannett". The spin-out was structured so that Tegna is the legal successor to the "old" Gannett, while the "new" Gannett is legally considered a new company. The split was completed on June 29, 2015. Tegna retains "old" Gannett's stock price history, though it trades under a new ticker symbol, TGNA. The "new" Gannett inherited old Gannett's longtime ticker symbol, GCI.
Tegna Media
As of June 2015, Tegna Media currently owns 46 television stations located in 38 markets (including seven duopolies). 18 of the company's stations are affiliated with NBC (including a semi-satellite of KCEN-TV and a digital subchannel of KBMT), ten are affiliated with CBS, nine are affiliated with ABC, and three are affiliated with Fox. In addition, the company owns two CW affiliates, three MyNetworkTV affiliates and one independent station.
It also provides operational services to KTTU in Tucson through shared services agreements with Tucker Operating Co.
Television stations
Stations are listed alphabetically by state and city of license.
Notes of prior ownership or current shared services agreement:
Cable networks
All of these are news networks owned by Belo prior to acquisition by Tegna.
Television Shows
In 2015, Tegna Media test-ran a limited-run informative talk show hosted by Dallas-based bishop T. D. Jakes on its owned stations in Dallas, Atlanta, Minneapolis and Cleveland. The show, titled T.D. Jakes, was co-produced by Debmar-Mercury, Tegna Media, 44 Blue Productions, Jakes' own production company, TDJ Enterprises and EnLight Productions and lasted from August 17 through September 11.
On December 9, Tegna greenlit the series for an entire run for the 2016–2017 broadcast season. The series will debut on September 12 on most, if not all Tegna-owned stations, as well as several large markets, including Baltimore (WMAR), Detroit (WMYD), Orlando (WFTV/WRDQ), Chicago (WCIU), San Antonio (KSAT), and San Diego (KGTV). Debmar-Mercury, however is not participating in the production run, being replaced by independent company Flow Media Partners.
Tegna Digital
Gannett Company spun-off most of its internet media properties to Tegna. When the total internet media division was part of the Gannett Company, it managed the websites for USA Today, as well as Gannett's newspaper and broadcast properties throughout the United States. It owns:
Television stations
Stations are arranged in alphabetical order by state and city of license. The list includes stations owned by Tegna, Inc. during its time as Gannett Company, Inc.
Notes:
Other Notes:
Cable networks
These cable networks were owned by Belo prior to acquisition by Gannett.
Radio stations
(a partial listing)