Company profile

Ticker
TGNA
Exchange
Website
CEO
David T. Lougee
Employees
Incorporated in
Location
Fiscal year end
Former names
Gannett Co Inc
SEC CIK
IRS number
160442930

TGNA stock data

(
)

Calendar

11 May 20
4 Jul 20
31 Dec 20

News

Company financial data Financial data

Quarter (USD) Mar 20 Dec 19 Sep 19 Jun 19
Revenue 684.19M 693.96M 551.86M 536.93M
Net income 86.2M 83.96M 48.35M 79.96M
Diluted EPS 0.39 0.38 0.22 0.37
Net profit margin 12.60% 12.10% 8.76% 14.89%
Operating income 174.54M 176.72M 106.83M 142.81M
Net change in cash 5.66M 20.21M -20.07M 25.45M
Cash on hand 35.06M 29.4M 9.19M 29.27M
Cost of revenue 369.37M 355.16M 306.47M 285.29M
Annual (USD) Dec 19 Dec 18 Dec 17 Dec 16
Revenue 2.3B 2.21B 1.9B 2B
Net income 286.24M 405.67M 215.05M 488M
Diluted EPS 1.31 1.87 1.26 1.99
Net profit margin 12.45% 18.38% 11.30% 24.35%
Operating income 559.02M 698.48M 545.9M 708.15M
Net change in cash -106.46M 37.06M 82.92M -10.22M
Cash on hand 29.4M 135.86M 98.8M 15.88M
Cost of revenue 1.23B 1.07B 933.72M 795.45M

Financial data from TEGNA earnings reports

Date Owner Security Transaction Code 10b5-1 $Price #Shares $Value #Remaining
27 May 20 Bianchini Gina L RSU Common Stock Grant Aquire A No 0 10,204 0 10,204
27 May 20 Lidia Fonseca RSU Common Stock Grant Aquire A No 0 10,204 0 10,204
27 May 20 Epstein Stuart J. RSU Common Stock Grant Aquire A No 0 10,204 0 10,204
27 May 20 Elias Howard D RSU Common Stock Grant Aquire A No 0 10,204 0 10,204
27 May 20 Nolop Bruce P RSU Common Stock Grant Aquire A No 0 10,204 0 10,204
95.7% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 292 301 -3.0%
Opened positions 54 51 +5.9%
Closed positions 63 38 +65.8%
Increased positions 70 99 -29.3%
Reduced positions 112 98 +14.3%
13F shares
Current Prev Q Change
Total value 2.27B 3.57B -36.4%
Total shares 209.11M 214.34M -2.4%
Total puts 277.6K 52.6K +427.8%
Total calls 3.63M 1.19M +204.6%
Total put/call ratio 0.1 0.0 +73.2%
Largest owners
Shares Value Change
BLK BlackRock 25.03M $271.82M -1.8%
Vanguard 23.62M $256.57M -0.8%
Standard General 16.12M $175.11M -15.6%
HG Vora Capital Management 15M $162.9M +156.4%
STT State Street 9.23M $100.94M -7.0%
New South Capital Management 8.68M $94.25M -9.9%
GS The Goldman Sachs Group, Inc. 7.84M $85.18M +127.2%
LSV Asset Management 7.33M $79.6M +5.2%
NTRS Northern Trust 6.64M $72.09M -0.1%
Dimensional Fund Advisors 5.79M $62.9M +2.2%
Largest transactions
Shares Bought/sold Change
HG Vora Capital Management 15M +9.15M +156.4%
GS The Goldman Sachs Group, Inc. 7.84M +4.39M +127.2%
UBS UBS 5.01M +3.37M +204.1%
Norges Bank 0 -3.13M EXIT
Aqr Capital Management 4.3M -3.08M -41.7%
Standard General 16.12M -2.98M -15.6%
Vaughan Nelson Investment Management 1.71M -2.8M -62.1%
TIG Advisors 2.57M +2.57M NEW
APG Asset Management 19.41K -2.47M -99.2%
Channing Capital Management 0 -2.26M EXIT

Financial report summary

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Competition
ComcastTribune MediaNetflixComcastGoogleIHSFacebookYouTube
Risks
  • We are impacted by demand for advertising, which, in turn, depends on a number of factors, some of which are cyclical and many of which are beyond our control
  • Competition from alternative forms of media may impair our ability to grow or maintain revenue levels in traditional and new businesses
  • The value of our assets or operations may be diminished if our information technology systems fail to perform adequately
  • Our efforts to minimize the likelihood and impact of adverse cybersecurity incidents and to protect our technology and confidential information may not be successful and our business could be negatively affected
  • We operate our business in a single broadcast segment, which increases our exposure to the changes and highly competitive environment of the broadcast industry
  • Changes in the regulatory environment could increase our costs or limit our opportunities for growth
  • There could be significant liability if the spin-off of Cars.com was determined to be a taxable transaction
  • Our proxy contest with Standard General L.P. has caused and could continue to cause us to incur significant costs, divert management’s attention and resources, and have an adverse effect on our business
  • Our strategic acquisitions, investments and partnerships could pose various risks, increase our leverage and may significantly impact our ability to expand our overall profitability
  • Volatility in the U.S. credit markets could significantly impact our ability to obtain new financing to fund our operations and strategic initiatives or to refinance our existing debt at reasonable rates and terms as it matures
  • The value of our existing intangible assets may become impaired, depending upon future operating results
Management Discussion
  • As discussed above, the full impact of the COVID-19 pandemic, particularly with regard to the broader advertising industry, remains uncertain. As a result, on April 20, 2020, we suspended our full year 2020 guidance and 2021 preliminary outlook.
Content analysis ?
Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. sophomore Avg
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