TEGNA says cable fees generate more revenue than ads
Revenue from cable carriage fees eclipsed that of traditional and digital ad revenue for the first time last year at 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.
Revenue from cable carriage fees eclipsed that of traditional and digital ad revenue for the first time last year at TEGNA.
TEGNA is rolling out a new streaming news initiative that will see dozens of its broadcast stations launching individual applications over the next few weeks.
Local broadcaster TEGNA is being acquired by a well-known hedge fund.
Sacramento sports anchor and “Boards for Change” co-founder Lina Washington is leaving for a TV role in Phoenix, Arizona.
The trick, which was ultimately revealed on “Last Week Tonight,” was part of a broader commentary on the practice of sponsored content.
Twist will offer lifestyle, knowledge and reality-based shows aimed at women, TEGNA said in a statement.
Nia Towne has been tapped to lead broadcast news operations at KXTV, Sacramento’s ABC affiliate.
Local television broadcaster TEGNA is at the center of another carriage dispute.
The deal will allow AT&T to restore five dozen TEGNA-owned station to DirecTV and U-Verse.
TEGNA says it is “confident” that a deal can be done “quickly” if AT&T “is now willing to begin good faith discussions.”
AT&T has started telling its DirecTV and U-Verse customers to use a free streaming service to access dozens of blacked-out local channels that are operated by TEGNA.
TEGNA and other programmers have asked for around 24 percent more in carriage fees year-over-year, an AT&T source said.