Full-Time
Posted on 9/12/2025
Distributes local news via TV and digital
No salary listed
Vienna, VA, USA
In Person
TEGNA operates 64 local TV stations across 51 U.S. markets and also runs digital and OTT platforms to deliver local news and services. Its content is available live and on-demand via TV, web, mobile apps, streaming, and platforms like Roku and Fire TV. It differentiates itself by owning the largest share of top-four network affiliates in the top-25 markets among independents and by operating multicast networks True Crime Network, Twist, and Quest, plus Premion OTT ads. Its goal is to help people thrive in local communities through trusted news and services while providing advertisers with cross-channel access to local audiences.
Company Size
1,001-5,000
Company Stage
IPO
Headquarters
McLean, Virginia
Founded
2017
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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
Fort Baker Capital Management has fully exited its position in TEGNA, selling 1,678,588 shares worth an estimated $34.3 million, according to an SEC filing dated 17 February 2026. The stake previously represented 1.7% of the fund's reportable assets under management. TEGNA, which operates 64 television stations across 51 US markets, generates revenue primarily through advertising sales and retransmission fees. As of 13 February 2026, shares were priced at $20.95, up 18.6% over the past year. The sale was Fort Baker Capital's largest divestment in the fourth quarter of 2025. TEGNA's net income suffered in 2025 following the loss of political advertising revenue that had boosted results in 2024.
TEGNA, a broadcasting and digital media company, reported fourth-quarter revenue of $706.1 million, beating analyst estimates of $699.1 million despite an 18.9% year-on-year decline. The company's non-GAAP profit of $0.50 per share exceeded consensus estimates by 10.6%. Adjusted EBITDA reached $161.1 million with a 22.8% margin, beating expectations by 3.9%. However, operating margin fell to 16.9% from 31.6% in the prior year period, whilst free cash flow margin declined to 12.3% from 26.8%. Over the past five years, TEGNA's revenue has declined 1.6% annually, with recent performance showing 3.5% annual declines over the last two years. Analysts forecast 10.9% revenue growth over the next 12 months, below the sector average.
Nexstar Media Group reported fourth quarter net revenue of $1.29 billion, down 13.4% year-over-year, primarily due to reduced political advertising. However, non-political advertising grew 4.5%, exceeding expectations, with distribution revenue increasing 0.8% to $720 million. The company remains on track to close its $1.45 billion acquisition of TEGNA by end of 2026, with all regulatory filings submitted. Nexstar issued full-year standalone adjusted EBITDA guidance of $1.95 billion to $2.05 billion. The CW finished 2025 as the tenth most-watched ad-supported network, improving cash flow by 32% and expecting profitability by Q4 2026. NewsNation became the fastest-growing cable news network in the 25–54 demographic, with viewer awareness reaching 40%. Looking ahead, Nexstar expects to capture a low double-digit share of projected $5.28 billion broadcast political advertising during the 2026 midterm elections.
TEGNA, a US local news company operating 64 television stations across 51 markets, has launched new mobile apps delivering thousands of daily original videos from local journalists and meteorologists. The apps feature a vertical scrolling feed personalised based on user preferences. The launch follows TEGNA's transformation of its stations into 24/7 story-first newsrooms designed to capture local stories in real time. Beta testing in Atlanta, Denver, Indianapolis and Seattle showed video plays increased more than tenfold, whilst user sessions rose 40%. The apps include customisable location settings, personalised news feeds, weather forecasts, topic exploration hubs and integrated advertising. TEGNA reaches over 100 million people monthly across web, mobile apps, connected TVs and linear television.
Employees and contractors of WZZM 13, TEGNA Inc., Michigan Irish Music Festival and each of their respective affiliated companies, and advertising and promotional agencies, and the immediate family members of, and any persons domiciled with, any such employees or contractors, are not eligible to enter or to win.