TEGNA
TEGNA ($TGNA) is a local broadcast company that operates more than five dozen local television stations in 66 markets across the country. The company is based in Arlington County, Virginia.
Until 2015, TEGNA was part of Gannett Company.
Nexstar begins replacing TEGNA board after judge says structure violated injunction
Four of five current or former Nexstar executives appointed to TEGNA's Board of Directors have resigned, and the fifth will do so when a new Board is created, the company said in a court filing this week.
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Judge says Nexstar can’t appoint its executives to TEGNA’s Board of Directors
The order says current and former Nexstar officers, employees, directors, consultants and other affiliated personnel are prohibited from serving on TEGNA’s board.
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Nexstar revenue reaches record $2 billion in Q2 boosted by TEGNA acquisition
Nexstar is already seeing financial windfalls from its acquisition of TEGNA, despite an ongoing legal challenge that largely requires them to remain separate operations.
EARNINGS REPORT
FCC vote on ownership cap coincides with broadcast-related financial earnings releases
Several companies with deals pending before or approved by the FCC will release their Q2 earnings on Thursday, the same day as a vote on the broadcast ownership cap.
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States, DIRECTV accused Nexstar of controlling TEGNA despite injunction
A motion filed on Wednesday says TEGNA's Board of Directors is comprised entirely of Nexstar executives, possibly violating a court's preliminary injunction.
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Minnesota Lynx games return to free broadcast TV through TEGNA partnership
The deal is the latest involving a premium sports team or league and a free-to-air broadcaster.
TEGNA names Scott Gill as VP of Technology & Operation
Gill will oversee engineering, technology and sports operations across the company's 64 local television stations; he joined TEGNA in 2012 from Fox News Media.
EXECUTIVE MOVES
Appeals court tosses challenge to FCC’s approval of Nexstar-TEGNA deal
The court found the FCC is under no statutory obligation to issue a speedy full commission vote on Nexstar's merger with TEGNA.
TV affiliate groups to FCC: Broadcasters face increased pressure from networks, streaming services
The affiliate groups note local TV is often relied upon for local news in smaller markets, but the current distribution and fee model afflicting those stations makes local programming investments untenable over the long term.
TEGNA appoints four more executives to senior-level roles
The appointments of four long-time broadcast industry executives comes as TEGNA continues to operate as a Nexstar subsidiary due to ongoing litigation.
EXECUTIVE MOVES
Parties in Nexstar-TEGNA merger lawsuit propose July 2027 trial date
Expert witness lists and discovery evidence would be exchange by the parties and disclosed to the court between August 2026 and February 2027, per court records.
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State AGs say appeals court should uphold Nexstar-TEGNA injunction
The states argue the injunction is necessary to preserve a meaningful remedy if they ultimately succeed in blocking the merger.
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