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TGNA TEGNA

TEGNA, Inc. is an innovative media company, which serves the greater good of its communities through empowering stories, impactful investigations and innovative marketing services. It operates 62 television stations and 4 radio stations in 51 markets from coast to coast. TEGNA is the owner of 4 affiliates in the top 25 markets among independent station groups, reaching approximately 39 percent of all television households nationwide. It also owns multicast networks Justice Network and Quest. TEGNA Marketing Solutions offers innovative solutions to help businesses reach consumers across television, email, social and over-the-top (OTT) platforms, including Premion, TEGNA’s OTT advertising service. The company was founded by Frank E. Gannett in 1906 and is headquartered in Tysons, VA.

Company profile

Ticker
TGNA
Exchange
Website
CEO
David Lougee
Employees
Incorporated
Location
Fiscal year end
Former names
GANNETT CO INC /DE/
SEC CIK
IRS number
160442930

TGNA stock data

(
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Calendar

28 Feb 21
18 Apr 21
31 Dec 21
Quarter (USD)
Dec 20 Sep 20 Jun 20 Mar 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Dec 20 Dec 19 Dec 18 Dec 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from TEGNA earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 40.97M 40.97M 40.97M 40.97M 40.97M 40.97M
Cash burn (monthly) 41.21M (positive/no burn) (positive/no burn) (positive/no burn) (positive/no burn) (positive/no burn)
Cash used (since last report) 148.58M n/a n/a n/a n/a n/a
Cash remaining -107.61M n/a n/a n/a n/a n/a
Runway (months of cash) -2.6 n/a n/a n/a n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
1 Apr 21 Witmer Melinda Common Stock Option exercise Aquire M No No 0 3,631 0 3,631
1 Apr 21 Witmer Melinda RSU Common Stock Option exercise Dispose M No No 0 3,631 0 0
4 Mar 21 Lynn B. Trelstad Common Stock Payment of exercise Dispose F Yes No 18.05 1,202 21.7K 14,609
4 Mar 21 Lynn B. Trelstad Common Stock Option exercise Aquire M Yes No 0 3,959 0 15,811
4 Mar 21 Lynn B. Trelstad Common Stock Payment of exercise Dispose F No No 18.05 23,525 424.63K 113,325
4 Mar 21 Lynn B. Trelstad Common Stock Option exercise Aquire M No No 0 52,161 0 136,850
4 Mar 21 Lynn B. Trelstad 2018 Performance Shares Common Stock Option exercise Dispose M Yes No 0 3,959 0 0
4 Mar 21 Lynn B. Trelstad 2018 Performance Shares Common Stock Option exercise Dispose M No No 0 52,161 0 0
4 Mar 21 Clifton A. McClelland III Common Stock Payment of exercise Dispose F No No 18.05 4,166 75.2K 62,523
4 Mar 21 Clifton A. McClelland III Common Stock Option exercise Aquire M No No 0 9,237 0 66,689

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

88.7% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 286 274 +4.4%
Opened positions 43 40 +7.5%
Closed positions 31 44 -29.5%
Increased positions 83 71 +16.9%
Reduced positions 97 100 -3.0%
13F shares
Current Prev Q Change
Total value 2.73B 2.27B +20.2%
Total shares 195.77M 193.33M +1.3%
Total puts 224.9K 253.3K -11.2%
Total calls 399.2K 1.21M -67.1%
Total put/call ratio 0.6 0.2 +169.5%
Largest owners
Shares Value Change
BLK Blackrock 24.62M $343.46M +2.8%
Vanguard 20.74M $289.27M +2.8%
Standard General 16.92M $236.05M 0.0%
STT State Street 9.94M $139.29M -1.4%
New South Capital Management 8.99M $125.43M +15.7%
LSV Asset Management 8.13M $113.39M -1.9%
Ariel Investments 7.56M $105.39M +7.8%
NTRS Northern Trust 6.46M $90.09M -1.6%
Dimensional Fund Advisors 6.15M $85.85M +2.4%
UBS UBS Group AG - Registered Shares 4.75M $66.29M +23.7%
Largest transactions
Shares Bought/sold Change
HG Vora Capital Management 0 -5.8M EXIT
Norges Bank 2.94M +2.94M NEW
GS Goldman Sachs 4.6M +2.89M +169.7%
Jana Partners 1.7M +1.7M NEW
Nuveen Asset Management 2.05M -1.25M -37.9%
Boussard & Gavaudan Investment Management 1.25M +1.25M NEW
New South Capital Management 8.99M +1.22M +15.7%
Citadel Advisors 1.62M -1.02M -38.6%
Grantham, Mayo, Van Otterloo & Co. 970.11K -934.54K -49.1%
Brandywine Global Investment Management 0 -933.58K EXIT

Financial report summary

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Competition
Tribune MediaNetFlixComcastFacebook
Management Discussion
  • Total revenues increased $638.3 million in 2020. Our 2019 Acquisitions contributed $296.7 million to this increase. Excluding the 2019 Acquisitions from both periods, total revenues increased $341.6 million. This increase was primarily due to a $363.8 million increase in legacy station political advertising, reflecting increased spending on the elections and a $141.3 million increase in legacy subscription revenue from annual rate increases under existing and newly renegotiated retransmission agreements. This increase was partially offset by a decline in legacy AMS revenue of $166.2 million primarily driven by reduced advertising demand caused by COVID-19, partially offset by increases from Premion revenue.
Content analysis
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Constraining
Legalese
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Readability
H.S. freshman Avg
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