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TEGNA Inc. (TGNA)

NYSE - Nasdaq Real Time Price. Currency in USD
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21.16+0.51 (+2.47%)
As of 12:57PM EDT. Market open.
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  • A
    Andrew
    Wow - my previous price target was $20....and here we are. At this point it feels like there is a lot more opportunity for TGNA to run much higher. Fundamentals are strong and that $20/share buy price from last year is now too low.

    Anyone care to share their PTs for this stock?
  • T
    TX
    Buyout offer is coming!!! $$$
  • A
    Andrew
    "We are seeking to change a minority of the Company’s Board of Directors (the “Board of Directors” or the “Board”). In 2019, we made a substantial investment in the Company, becoming one of TEGNA’s largest shareholders. We invested in TEGNA because of our conviction that TEGNA should be the premier pure play local affiliate broadcasting company. TEGNA has a leading portfolio of local affiliate television broadcasting stations and is the largest owner of Big 4 affiliates in the top 30 markets. Given the quality of its assets, we believed that TEGNA should be delivering best-in-class performance, and commensurate shareholder returns."
  • p
    pat
    Who is buying up those 100,00 share and larger blocks at the end of the day? Byron? Anyone else see the higher than average daily volumes last week -- someone is snapping up shares!
  • p
    pat
    Another day with high volume, above daily average. There is a reason for this continuing high level of stock transactions.
  • H
    Herman
    There seems to be two dynamics working with Tegna. The current board increasing dividend to say all is well and they don't need any new Standard General Board members. Standard General "probably" selling somewhat to say all is not good and need new board members. I'm staying will Standard General because if they don't get board members the price will be back to low teens. However, Standard General MUST find a better way for a fair vote on the new nominees. The last time it seemed my only option was to vote against the current board members with no opportunity to vote for the Standard General nominees ???
  • p
    pat
    Fair use reposting from today's WSJ:
    "WASHINGTON—The Supreme Court on Thursday unanimously upheld a regulatory rollback of federal limits on media ownership in local markets.

    The court, in an opinion by Justice Brett Kavanaugh, ruled the Federal Communications Commission acted reasonably in 2017 when it loosened three media-ownership restrictions.

    The FCC, citing dramatic changes to the media landscape, made it easier for one entity to own multiple TV stations in the same market. It also removed prohibitions on common ownership of both a TV station and a newspaper in the same market, or a TV station and a radio station.

    Some ownership limits had been in place for decades, to prevent concentration and preserve viewpoint diversity in local markets."
  • A
    Andrew
    Today: "During the past year, Standard General has monitored TEGNA’s performance closely. Since Standard General shared its ideas with the Company for various strategic and operational improvements, TEGNA’s management team has ceased its previously value destructive acquisition program and taken steps to address its operational underperformance. As a result, its relative share price performance has improved after years of relative underperformance. We believe TEGNA continues to have potential for significant improvements in financial performance and shareholder value creation, and needs to continue to diversify its Board to promote diversity, equity and inclusion and to reflect more closely its audience. We believe TEGNA is currently at a key inflection point and improved oversight is essential to oversee its next stage of growth. Consequently, we are nominating three diverse, highly qualified and independent candidates to the TEGNA Board. As TEGNA’s largest active shareholder — we own approximately [●] times as many shares as the current Board and management combined — we are disappointed that, once again, TEGNA has rejected our nominees in favor of preserving the status quo."
  • p
    pat
    Just a reminder, just one year ago...Round 2 in this takeover battle is about to begin. https://www.google.com/amp/s/deadline.com/2020/03/byron-allen-bid-broadcaster-tegna-1202880413/amp/
  • p
    pat
    Nice dividend increase! But Im still voting for Standard General's board nominees.
  • F
    Fletch
    Down because of Zack's headline.. the actual earnings results were great.
  • F
    Fletch
    10B to buy more stations... this is likely going to double this year after dividend + earnings word hits the news lines. These folks want to drive this stock price...
  • p
    pat
    Time for Byron Allen or Soo Kim to make a takeover move --PLEASE! Shareholder discontent is very high.
  • p
    pat
    Huge news this morning. Tegna will be snapped up by another broadcast company.
    "In a big victory for broadcasters and the Republican FCC under Ajit Pai, the U.S. Supreme Court has reversed the Third Circuit Court of Appeals decision throwing out the FCC's broadcast deregulation under former FCC Chairman Ajit Pai. Current acting chairwoman Jessica Rosenworcel had voted against the deregulatory move."
  • D
    David
    Will be interesting to learn How Many Common Shares the company has already re-purchased (the rough 'rate of re-purchasing' they're proceeding at). Just keep shrinking their outstanding shares.... tick, tick, tick.
  • s
    sono-pro
    @Fletch I stopped going by Zacks because I have lost on every single one
  • p
    pat
    It's go time. Standard General has filed its slate of Board nominees. Time to vote for change at Tegna.
    http://investors.tegna.com/static-files/a45bc8c1-133e-4d9b-8de5-93118c20ce7c