TEGNA INC (TGNA)

TEGNA, Inc. is a media company, which serves the greater good of its communities through empowering stories, impactful investigations and innovative marketing services. It also owns multicast networks Justice Network and Quest. The firm also offers marketing solutions to help businesses reach consumers across television, email, social and over-the-top (OTT) platforms, including Premion, TEGNA’s OTT advertising service. The company was founded by Frank E. Gannett in 1906 and is headquartered in Tysons, VA.

Address

8350 BROAD STREET
TYSONS, VA 22102-5151

Founded

1906

Number of Employees

6,200

Buyback

Buyback Data 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 Average
$ Amount Purchased
($ in 000s)
$63,867 $271,026 $161,885 $23,483 $5,832 - - - - $475 $214 $75,255
Average Price $28.00 $28.16 $23.18 $15.68 $10.71 - - - - $15.45 $14.35 $25.11
# Shares Purchased 2,280,869 9,623,282 6,983,102 1,498,056 544,501 - - - - 30,744 14,904 2,996,494
Buyback Performance 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 Average
Total Return to Date -50.0% -50.3% -39.6% -10.7% 30.7% - - - - -9.4% -2.4% -44.3%
S&P 500 Return to Date 181.9% 173.0% 168.6% 129.7% 104.9% - - - - 31.3% 7.4% 113.8%
Excess Total Return -231.9% -223.3% -208.2% -140.4% -74.1% - - - - -40.7% -9.9% -158.1%
Quartile Rank
Percentile Rank 17% 16% 18% 32% 51% - - - - 27% 36% 17%
Buyback returns calculated using weighted average buyback price over the last 10 years and comparing to current day stock price value. S&P 500 used as benchmark for excess return.

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