T

TEGNA

Local news broadcaster with multiple stations

Overview

TEGNA provides local news and advertising services. It operates 64 TV stations across 51 U.S. markets and distributes content via web, mobile apps, streaming, and traditional TV. Each station offers live and on-demand news, weather, and sports through Roku and Amazon Fire TV apps. TEGNA produces trusted news content and civic stories, while supporting local businesses with advertising solutions across television, digital, and OTT through Premion. The company differentiates itself by owning top network affiliates in major markets, operating multicast networks (True Crime Network, Twist, Quest), and offering cross-platform local news and targeted advertising to reach local audiences. Its goal is to help communities thrive by delivering truthful reporting and providing sustainable, community-focused media services.

Work here?Claim your company

About TEGNA

Simplify's Rating
Why TEGNA is rated
C+
Rated B on Competitive Edge
Rated B on Growth Potential
Rated D+ on Differentiation

Industries

Company Size

1,001-5,000

Company Stage

IPO

Headquarters

McLean, VA

Founded

2017

Get referred to TEGNA

See people who can refer or advise you

Simplify Jobs

Simplify's take

What believers are saying

  • Patrick Paolini installed new leaders across Texas, Florida, North Carolina, and sales teams.
  • TEGNA won the Houston Comets partnership October 22, 2026, expanding year-round local inventory.
  • Brian Gregory and Mellynda Hartel signaled aggressive streaming growth and market-level operational resets.

What critics are saying

  • The April 17, 2026 hold-separate order blocks integration and synergies through 2027.
  • Ninth Circuit hears Nexstar's injunction appeal November 17, 2026; trial starts July 6, 2027.
  • A failed merger resolution strands TEGNA inside Nexstar debt, litigation, and strategic paralysis.

What makes TEGNA unique

  • TEGNA reaches 64 stations across 51 markets, plus Premion and streaming products.
  • Disney renewed ABC affiliations October 13, 2026, locking marquee sports and entertainment.
  • Brad Ramsey’s sports-rights strategy adds local team broadcasts, including the Houston Comets.

Help us improve and share your feedback! Did you find this helpful?

Funding

Total Funding

$11.6B

Above

Industry Average

Funded Over

2 Rounds

Acquisition funding comparison data is currently unavailable. We're working to provide this information soon!
Acquisition Funding Comparison Coming Soon

Benefits

  • Health Insurance
  • Dental Insurance
  • Vision Insurance
  • Life Insurance
  • Disability Insurance
  • 401(k) Company Match
  • 401(k) Retirement Plan
  • Mental Health Support
  • Paid Vacation
  • Paid Holidays

Stock Price

Company News

Transcript Daily
Nov 6th, 2026
What Nexstar Media Group (NXST) said on its Q3 earnings call.

What Nexstar Media Group (NXST) said on its Q3 earnings call. Nexstar Media Group (NASDAQ:NXST) reported record third-quarter revenue of $2.13 billion, as its acquisition of TEGNA and political advertising demand boosted results. The broadcaster also said it had reduced debt by $1.3 billion this year, including payments made after the quarter ended. Net revenue rose 78% from a year earlier, with TEGNA contributing $765 million, Chief Operating Officer Michael Biard said on the earnings call. On a combined basis that includes both companies in the prior-year period, revenue increased 15.4%. Adjusted EBITDA rose to $756 million from $358 million, while adjusted free cash flow increased to $443 million from $166 million. The prior-year consolidated figures did not include TEGNA. On a combined basis, adjusted EBITDA was $496 million in the third quarter of 2025. Political advertising sets a record. Combined Nexstar and TEGNA net political advertising revenue reached a record $1.1 billion for 2026, up 31% from 2022 and 29% from 2024, founder, Chairman and Chief Executive Officer Perry Sook said. Chief Financial Officer Lee Ann Gliha clarified that the figure includes TEGNA for the full year; approximately $32 million of TEGNA political revenue from the first quarter will not appear in Nexstar's reported results. Third-quarter political advertising revenue was $317 million, up 15% from the combined total in the same quarter of 2024 and 44% from the combined 2022 period, Biard said. Sook identified Ohio, Texas, California, Michigan and Maine among the company's strongest markets. Sook said he believed the extension of lowest-unit-rate pricing protections to political parties encouraged more spending on broadcast television. He described the strong spending environment as potentially a "new normal," absent changes to campaign finance laws. He also said Nexstar anticipated it had gained market share through improvements in its political advertising sales operations. Combined non-political advertising revenue fell 5% in the third quarter, partly because political ads displaced other advertisers, Biard said. Excluding the estimated impact of that displacement, the decline was in the low single digits, Sook said. For the fourth quarter, Nexstar expects combined non-political advertising revenue to decline by high single digits, also affected by political crowd-out. Distribution and network updates. Third-quarter distribution revenue rose 53.9% to $1.09 billion, including $351 million from TEGNA. On a combined basis, distribution revenue increased 2.1%, as growth at legacy Nexstar was partly offset by a decline at TEGNA. Biard said Nexstar completed its distribution agreements up for renewal during the quarter without service interruptions. In response to an analyst's question, he confirmed that the company had concluded an agreement with DIRECTV but declined to discuss its terms. Nexstar continues to expect The CW to post its first profitable quarter in the fourth quarter of 2026. Gliha also maintained the company's expectation for an improvement of roughly 30% or more in the network's full-year losses. Asked whether The CW would be profitable for all of 2027, she said she did not know. Sook said The CW's total-day viewership rose 9% year over year and that the network will air nearly 800 hours of sports annually following additions to its programming portfolio. NewsNation's total-day viewership increased 34% year to date, he said. Debt repayment and TEGNA litigation. Nexstar ended September with $11.4 billion in outstanding debt and $446 million in cash. It repaid $350 million of debt during the third quarter and another $525 million after quarter-end. The company paid $58 million in dividends during the quarter and made no share repurchases. Gliha said debt repayment remains the priority for excess cash. Nexstar's total net leverage was 4.04 times at quarter-end, and she said the company's objective is to bring leverage closer to three times than four, without setting a specific threshold for changing its capital allocation priorities. Nexstar continues to face a preliminary injunction preventing it from integrating with TEGNA. Biard said the company is appealing to narrow the injunction to 31 markets where both companies have major-network stations, and is also seeking to remove the states from the case. The Ninth Circuit is scheduled to hear the appeal on Nov. 17, 2026, while a trial on the underlying claims is set for July 6, 2027. Gliha said Nexstar removed anticipated TEGNA synergies from its leverage calculation because of the limited time between the scheduled trial and the September 2027 deadline for realizing synergies under its credit agreement. The company's first-lien covenant ratio was 3.03 times at quarter-end, below its 4.75-times limit. About Nexstar Media Group (NASDAQ:NXST). Nexstar Media Group, Inc is a television broadcasting and digital media company headquartered in Irving, Texas. The company operates local television stations across the United States, with stations affiliated with major networks including ABC, NBC, CBS, FOX, The CW and MyNetworkTV. Its local media operations provide news, weather, sports, entertainment and other programming to audiences in markets nationwide. Nexstar also owns and operates national media properties, including NewsNation, a cable and streaming news network, and The Hill, a political news and information platform.

GlobeNewswire
Oct 28th, 2026
TEGNA taps Brian Gregory to lead north carolina stations WCNC and WFMY.

TEGNA taps Brian Gregory to lead north carolina stations WCNC and WFMY. October 28, 2026 10:30 ET | Source: TEGNA Inc. MCLEAN, Va., Oct. 28, 2026 (GLOBE NEWSWIRE) - TEGNA Inc. (NASDAQ: NXST) today named trusted broadcast executive Brian Gregory president and general manager of WCNC, the company's NBC affiliate in Charlotte, and WFMY, the CBS affiliate in Greensboro. Bringing nearly 30 years of experience to the role, Gregory will oversee station operations, financial performance, content, sales, digital and streaming initiatives, and community engagement for both stations. Gregory moves into the role amid a series of significant leadership appointments at TEGNA. Under the company's new CEO, Patrick Paolini, more than a dozen leadership positions have been created or filled at both the corporate and station levels. Gregory succeeds former WCNC-WFMY president and general manager, Joan Barrett, who was recently promoted to group general manager for TEGNA's Northeast and Southeast regions. "As we strengthen leadership across TEGNA, we're looking for people who develop talent and deliver results. Brian does both," Barrett said. "WCNC and WFMY are in good hands, and I'm looking forward to what these teams accomplish under Brian's direction." Gregory comes to WCNC and WFMY from WVEC, TEGNA's ABC affiliate in Norfolk, where he and his team significantly expanded the station's streaming presence, adding more than 35 hours of exclusive local programming each week and launched several new initiatives to deliver timely, relevant coverage to audiences. "WCNC and WFMY have talented teams doing strong work," said Gregory. "I plan to build on that success to find new ways to reach and serve our audiences." Prior to joining WVEC, Gregory spent six years as news director of KDVR and KWGN in Denver. Gregory previously held leadership positions at KWCH in Wichita, CBS13 in Sacramento, and WVLT in Knoxville. About TEGNA TEGNA Inc. is a wholly owned subsidiary of Nexstar Media Group, Inc. (NASDAQ: NXST), operating independently of Nexstar consistent with the Hold Separate Order issued by the United States District Court for the Eastern District of California on April 17, 2026. TEGNA is a multiplatform media company operating 64 local television stations in 51 U.S. markets, and hundreds of websites, mobile and Connected TV (CTV) apps, and Premion, a leading Connected TV and Over-the-Top (OTT) advertising platform. For media inquiries, contact: Danielle Ingram Specialist, Corporate Communications 703-873-6440 [email protected]

Business Insider
Oct 22nd, 2026
TEGNA and Houston Comets announce partnership to broadcast games locally on KHOU and KTBU.

TEGNA and Houston Comets announce partnership to broadcast games locally on KHOU and KTBU. Oct. 22, 2026, 05:05 PM MCLEAN, Va. and HOUSTON, Oct. 22, 2026 (GLOBE NEWSWIRE) - TEGNA Inc. (NASDAQ: NXST) and the Houston Comets today announced a multi-year partnership, making KHOU and KTBU the local broadcast home of the Comets. Starting with the team's 2027 season, locally available Comets games will air free over-the-air on KTBU, with select games simulcast on KHOU, TEGNA's CBS affiliate in Houston. The games will also be simulcast on Space City Home Network, the team's regional sports network, and on SCHN+, the direct-to-consumer streaming service. As a founding marketing partner for the team, KHOU will create new and exclusive Comets content year-round, providing coverage across its newscasts, 24/7 streaming channel and digital platforms. KHOU and TEGNA will also play a key role in advertising and sponsorship sales for the team's broadcasts on the stations. "The Comets' return to Houston is a big moment for the city, and we're proud to be part of it," said Brad Ramsey, senior vice president and head of sports rights, TEGNA. "This partnership expands our WNBA footprint and lets us connect the team with the community, bringing fans closer to the Comets on and off the court, all year." "Bringing the Comets back to Houston is about reigniting the passion, pride and energy that have always connected this organization with its fans and community," said Gretchen Sheirr, President of Business Operations for the Houston Rockets and Comets. "As the WNBA continues to reach new heights, we're thrilled to partner with TEGNA to make Comets basketball more accessible to fans across the Houston area through free, over-the-air broadcasts on KTBU and additional coverage on KHOU. We're excited to bring fans closer to the action and deliver outstanding coverage as we begin this exciting new chapter in Comets history." One of the WNBA's original eight franchises, the Comets won the league's first four championships and helped create the early identity and success of the league. Houston's return to the WNBA comes during a period of extraordinary momentum for the league, which plans to expand to 18 teams by 2030. "KHOU has covered Houston sports for decades, and the Comets' homecoming is a story we've been waiting to tell," said David Loving, president and general manager, KHOU. "As a founding partner, we're ready to bring Comets action to fans across the region." How to watch: * KTBU (channel 55): Every locally available game airs live on KTBU. * KHOU 11: Select games each season are simulcast on KHOU. * Over the air: Fans can watch for free with an antenna. * On Space City Home Network and SCHN+ streaming service. About TEGNA TEGNA Inc. is a wholly owned subsidiary of Nexstar Media Group, Inc. (NASDAQ: NXST), operating independently of Nexstar consistent with the Hold Separate Order issued by the United States District Court for the Eastern District of California on April 17, 2026. TEGNA is a multiplatform media company operating 64 local television stations in 51 U.S. markets, and hundreds of websites, mobile and Connected TV (CTV) apps, and Premion, a leading Connected TV and Over-the-Top (OTT) advertising platform. For TEGNA media inquiries, contact: Molly McMahon Sr. Director, Corporate Communications 703-873-6422 [email protected] For Houston Comets media inquiries, contact: Tracey Hughes Vice President of Communications Houston Rockets | Houston Comets | Toyota Center 713-758-7335 [email protected] Markets Insider and Business Insider Editorial Teams were not involved in the creation of this post. Sponsored Financial Content

The Desk
Oct 20th, 2026
Ex-TEGNA exec Adrienne Roark joins media tech firm Genna.

Ex-TEGNA exec Adrienne Roark joins media tech firm Genna. [email protected] October 20, 2026 Former TEGNA Chief Content Officer Adrienne Roark has joined media technology company Genna as an advisor, taking on a role focused on helping news organizations use artificial intelligence to streamline production and expand the distribution of journalism across digital platforms. Roark announced the appointment Tuesday, less than a year after leaving TEGNA following the company's on-paper acquisition by Nexstar Media Group. Genna develops AI-powered tools designed to help publishers and media organizations transform existing reporting into video programming for distribution across multiple platforms. The company says its technology is intended to simplify production workflows while leaving editorial decisions and standards under newsroom control. n announcing her new role, Roark said news organizations need to address the amount of time journalists spend performing repetitive production and administrative tasks rather than reporting. "Too many of our journalists do not have enough time to do actual journalism because they are buried in busywork," Roark said, adding that tasks like transcribing interviews, managing files, navigating content management systems and adapting stories for different platforms often require jugging different apps and platforms. Roark said research from Caretta found broadcast journalists spend nearly three-quarters of their day on technical workflows instead of reporting. Roark's own experience at TEGNA demonstrated how collaboration between editorial, production and technical teams could help reduce those burdens through AI-powered newsroom tools. "At TEGNA, I saw what's possible when product, technology, and editorial teams come together to build AI tools for journalists: less time lost to repetitive work, and more time and headspace for the real work of journalism," Roark said. Roark joined TEGNA in February 2025 as Chief Content Officer, overseeing the company's local news and content operations. She reported directly to then-CEO Mike Steib. During her tenure, TEGNA expanded its digital news distribution efforts, including the development of dedicated streaming applications offering around-the-clock local news programming. Roark announced her departure earlier this year, shortly after Nexstar completed its acquisition of TEGNA once it received sign-offs from federal regulators. The transaction is the subject of an antitrust lawsuit filed by DIRECTV and several state attorneys general; while the case plays out, TEGNA is operating separate from Nexstar, despite being a subsidiary. Before joining TEGNA, Roark held several senior leadership positions at CBS News & Stations, including President of CBS News & Stations. Her responsibilities included oversight of television stations in major markets such as New York and Boston.

The Desk
Oct 19th, 2026
Hearst Television hires TEGNA veteran Chris Plourde for distribution role.

Hearst Television hires TEGNA veteran Chris Plourde for distribution role. [email protected] October 19, 2026 Hearst Television has hired Chris Plourde, a longtime finance and strategy executive at TEGNA, as its new Vice President of Strategy & Distribution, the company announced. Plourde joins Hearst after spending 20 years at TEGNA, where he most recently served as Vice President of Financial Planning & Analysis. He will report to John Robertson, Hearst Television's Senior Vice President of Strategy & Distribution. In his new position, Plourde will work on distribution strategy, technology partnerships and relationships with television networks and multichannel video programming distributors (MVPDs). His responsibilities will also include supporting the company's advanced advertising partnerships. "Finding a leader with Chris's depth of experience is a rare and exceptional opportunity," Michael J. Hayes, President of Hearst Television, said in a statement. "His arrival further strengthens what is, without question, the finest strategy and distribution team in the local television business, and positions us to lead Hearst Television boldly into its next generation." At TEGNA, Plourde worked on distribution strategy, corporate development and financial planning, including commercial negotiations involving television distribution agreements. His responsibilities included developing financial models to support distribution revenue forecasts, negotiations and new business ventures. He also oversaw financial strategy and analysis related to network affiliation agreements and other strategic partnerships. That experience will carry over to his new role at Hearst, where he will assist Robertson with the company's distribution relationships and commercial partnerships. "Chris brings an extraordinarily distinctive and wide-ranging breadth of experience, and we are fortunate to welcome him to the team," Robertson said. "His insight and perspective will be invaluable as we continue to build on our momentum and he will be instrumental in helping drive our relationships with networks and MVPDs, including our advanced advertising partnerships." Plourde joined TEGNA in 2006 after earning a bachelor's degree from Northeastern University. He also holds a Master of Business Administration degree from George Mason University. Hearst Television operates local television stations across the United States and is a subsidiary of Hearst Corporation. Its strategy and distribution team oversees business relationships involving television networks, distribution platforms and other industry partners.

Recently Posted Jobs

Sign up to get curated job recommendations

TEGNA is Hiring for 285 Jobs on Simplify!

Find jobs on Simplify and start your career today

Don't see your dream role? Check out thousands of other roles on Simplify.Browse all jobs