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Stock impact report

Tegna Inc (TGNA) Navigates Economic Headwinds with Mixed 2023 Results and Strategic Capital ... [Yahoo! Finance]

TEGNA Inc (TGNA) 
Last tegna inc earnings: 2/11 08:01 am Check Earnings Report
US:NYSE Investor Relations: investors.tegna.com
Company Research Source: Yahoo! Finance
Earnings Per Share: GAAP earnings per diluted share were $2.28, while non-GAAP earnings per diluted share were $1.74. Adjusted EBITDA: Total company Adjusted EBITDA saw a 34% decrease year-over-year to $742 million. Free Cash Flow: Free cash flow for the quarter was $130 million, with a two-year trailing percentage of revenue at 20.3%. Capital Allocation: Plans to return 40-60% of 2024-2025 free cash flow to shareholders, with a $650 million share repurchase authorization. Strategic Moves: Sale of BMI interest and acquisition of Octillion Media highlight strategic initiatives. Warning! GuruFocus has detected 4 Warning Sign with TGNA. On February 29, 2024, Tegna Inc ( NYSE:TGNA ) released its 8-K filing , detailing its financial performance for the fourth quarter and full-year 2023. The media company, which operates 64 television stations and 2 radio stations across 51 U.S. markets, faced a challenging year with total company revenue declining by 11% to $2.9 billion, prima Show less Read more
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