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
Website
http://www.tegna.com
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 |
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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% |
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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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