TEGNA Inc. (TGNA)
| Previous Close | 16.16 |
| Open | 15.98 |
| Bid | 0.00 x 1800 |
| Ask | 0.00 x 1100 |
| Day's Range | 15.91 - 16.14 |
| 52 Week Range | 15.09 - 22.74 |
| Volume | |
| Avg. Volume | 2,241,703 |
| Market Cap | 3.568B |
| Beta (5Y Monthly) | 0.64 |
| PE Ratio (TTM) | 7.30 |
| EPS (TTM) | 2.19 |
| Earnings Date | May 08, 2023 - May 12, 2023 |
| Forward Dividend & Yield | 0.38 (1.88%) |
| Ex-Dividend Date | Dec 08, 2022 |
| 1y Target Est | 24.00 |
- Reuters
Hedge fund Standard General sues FCC over delay in Tegna deal
The third-largest shareholder of Tegna alleged the FCC Media Bureau's decision to hold was "an unprecedented and legally improper maneuver", as in its nearly year-long review it had not expressed any concerns with the transaction. Media Bureau of the FCC, which regulates telecommunications in the country, last month said it would hold a hearing on the planned acquisition of Tegna, which manages 64 stations in 51 U.S. markets.
- Reuters
UPDATE 2-Hedge fund Standard General sues FCC over delay in Tegna deal
Standard General said on Tuesday it had filed a lawsuit against the U.S. Federal Communications Commission (FCC) over its decision to hold hearings on the hedge fund's $5.4 billion plan to buy television station operator Tegna. The third-largest shareholder of Tegna alleged the FCC Media Bureau's decision to hold was "an unprecedented and legally improper maneuver", as in its nearly year-long review it had not expressed any concerns with the transaction. Media Bureau of the FCC, which regulates telecommunications in the country, last month said it would hold a hearing on the planned acquisition of Tegna, which manages 64 stations in 51 U.S. markets.
- Simply Wall St.
Investing in TEGNA (NYSE:TGNA) five years ago would have delivered you a 52% gain
It hasn't been the best quarter for TEGNA Inc. ( NYSE:TGNA ) shareholders, since the share price has fallen 24% in that...
