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The Federal Communications Commission is asking for further information in regards to television broadcaster Tegna's ( NYSE: TGNA ) planned sale to Standard General. The FCC requests that the parties respond to the agency's request no later than Oct. 13, according to an ...
Tegna ( NYSE: TGNA ) shares are whipsawing around and are down 1.6% on a report that Federal Trade Commission nominee will likely be seated on the agency for the vote on the Standard General acquisition. Sohn, a Democrat, will likely be in place to vote as an FCC Commiss...
Cord-cutting is speeding up in a "turn for the worst" for pay TV providers, Wells Fargo says, and the news isn't likely to improve any time soon. The exodus from pay television will remain "elevated given all the content shifting to streaming, and consumers looking to trim their sub...
US broadcaster Tegna is getting acquired by a consortium of PE buyers, including Standard General and Apollo. The merger arbitrage setup is currently offering a ~37% annualized return if the transaction closes before the end of the year. Regulatory approval seems likely as the com...
TEGNA Inc. (NYSE: TGNA) today announced its stations have won six 2022 National Edward R. Murrow Awards for excellence in broadcast journalism. The Edward R. Murrow Awards are sponsored by the Radio Television Digital News Association (RTDNA) and honor outstanding achievements in broadc...
TEGNA press release ( NYSE: TGNA ): Q2 Non-GAAP EPS of $0.60. Revenue of $784.88M (+7.1% Y/Y). Total company Adjusted EBITDA was a second quarter record of $256M, representing an increase of 12 percent compared with the second quarter of 2021. The company ende...
Achieves second quarter record total company revenue, subscription revenue, political revenue, net income, Adjusted EBITDA, and free cash flow On track to complete proposed acquisition by an affiliate of Standard General in the second half of 2022, subject to regulatory ...
TEGNA ( NYSE: TGNA ) is scheduled to announce Q2 earnings results on Monday, August 8th, before market open. The consensus EPS Estimate is $0.63 (+26.0% Y/Y) and the consensus Revenue Estimate is $800.77M (+9.3% Y/Y). Over the last 2 years, TGNA has beaten EPS estima...
Streaming video surged to still another record share of television usage in the past month, maintaining a trend where it's set to soon become the top use of consumers' TV time. Streaming usage took more than a third of TV usage in June, its latest record share according to " T...
In this first article, we will look at how to trade First Horizon shares going forward. With regulatory risks around M&A deals increasing, First Horizon shares are now trading at some of their largest spreads to the $25/share all-cash takeover price. Starting next week investo...
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Strasbourg, France, and Lund, Sweden, July 22, 2024, 8:00 a.m. CET – Transgene (Euronext Paris: TNG), a biotech company that designs and develops virus-based immunotherapies for the treatment of cancer, and BioInvent International AB (“BioInvent”) (Nasdaq Stock...
Gray Media stations in Anchorage and Juneau will broadcast all locally available Seattle Kraken games, free over-the-air beginning with the 2024-2025 season TEGNA Inc. (NYSE: TGNA), the Seattle Kraken and Gray Media (NYSE: GTN) today announced that Gray’s KAUU in Anchorage and ...
NEW YORK, July 11, 2024 (GLOBE NEWSWIRE) -- Olaplex Holdings, Inc. (NASDAQ: OLPX) (“OLAPLEX” or “the Company”) today announced the appointment of two highly seasoned leaders to its executive team. Catherine Dunleavy will join OLAPLEX as Chief Operating Officer and Chie...