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Holly LaFon
Holly LaFon
Articles (10163)  | Author's Website |

John Rogers Comments on TEGNA

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April 19, 2018 | About:

Local network broadcast TV provider TEGNA, Inc. (NYSE:TGNA) also weighed on quarterly performance, trading down -18.66% as fourth quarter and fiscal 2017 results missed top line expectations due to the absence of cyclical political revenue contributions as well as the digital businesses cars.com and CareerBuilder. TEGNA is now a pure-play TV station operator and largest owner of top four affiliates in the top 25 markets. We believe the company is well positioned for subscription revenue growth as cable, satellite, telecom operators and virtual multichannel providers pay for the right to carry TGNA’s programming. We think network TV remains the most effective medium that has mass reach and the ability to build a brand campaign for national and local advertisers. TGNA is also poised to deliver strong free cash flow in 2018, due to growing retransmission revenues, Super Bowl LII on NBC, XXIII Olympic Winter Games on NBC and political advertising.


From John Rogers (Trades, Portfolio)' first quarter 2018 Ariel Fund shareholder letter.

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Holly LaFon
I'm a financial journalist with a Master of Science in journalism from Medill at Northwestern University.

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Tegna included the more beneficial communicate TV and computerized media divisions of the old Gannett, while Gannett's distributing valoans advantages were spun off as "another" organization that held the Gannett name. Tegna claims or works 47 TV channels in 39 markets, is the biggest gathering proprietor of stations subsidiary with NBC and CBS, the fourth-biggest gathering proprietor of stations partnered with ABC (after Sinclair Broadcast Group, E. W. Scripps Company, and Hearst Television), and holds properties in computerized media.

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