TEGNA to Acquire Leading Multicast Networks Justice and Quest
TEGNA Inc (TGNA)
Last tegna inc earnings: 2/11 08:01 am
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Source: Business Wire
TYSONS, Va.--(BUSINESS WIRE)-- TEGNA Inc. (NYSE: TGNA) today announced the company has entered into a definitive agreement with Cooper Media to acquire leading 24/7 multicast networks Justice Network and Quest. TEGNA will pay approximately $77 million in cash for the approximately 85 percent of Justice Network and Quest that it does not currently own, valuing the networks at $91 million. The transaction is expected to be accretive to EPS within the first 12 months and immediately accretive to free cash flow. The acquisition provides TEGNA with two leading multicast television networks that reach more than 87 million U.S. television homes. Justice Network and Quest each offer unique ad-supported programming and are among the fastest-growing and top entertainment multicast networks in the U.S. Justice Network, which launched in 2015, is focused on the popular category of true-crime
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TGNA
Earnings
- 2/29/24 - Miss
TGNA
Sec Filings
- 4/29/24 - Form 4
- 4/29/24 - Form 4
- 4/29/24 - Form 4
- TGNA's page on the SEC website