Opinion | Brendan Carr, a Not-So-Radical FCC Deregulator
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 19 2024
0mins
Should l Buy TGNA?
Source: WSJ
Democratic Agenda at the FCC: Democrats on the Federal Communications Commission (FCC) have been criticized for advancing a political agenda, while Brendan Carr, appointed by Donald Trump, is portrayed as radical for focusing on the agency's core mission and streamlining broadband efforts.
Controversial Decisions and Legal Challenges: Under Biden's leadership, the FCC faced backlash for rules perceived as overreaching, including a "digital discrimination" rule and reclassification of broadband providers, both of which were challenged in court, highlighting tensions between regulatory authority and industry interests.
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Analyst Views on TGNA
Wall Street analysts forecast TGNA stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for TGNA is 22.00 USD with a low forecast of 22.00 USD and a high forecast of 22.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
2 Analyst Rating
0 Buy
2 Hold
0 Sell
Hold
Current: 19.010
Low
22.00
Averages
22.00
High
22.00
Current: 19.010
Low
22.00
Averages
22.00
High
22.00
About TGNA
Tegna Inc. serves local communities across the United States through journalism, content, and tools to help people navigate their daily lives. The Company is a producer of local news, producing more than 1,700 hours of news per week. Through its network affiliation and local sports rights agreements, it carries sports content, which includes professional and collegiate sports and the Olympics. It also owns multicast networks True Crime Network and Quest. Each television station has a digital presence across online, mobile, connected television, streaming and social platforms, reaching consumers on all devices and platforms they use to consume news content. It delivers results for advertisers across television, digital, connected TV (CTV) and streaming app platforms, including Premion, its streaming app and CTV advertising network. Premion and Gray Television, Inc. (Gray) are in a commercial arrangement under which Gray resells Premion services across all of Gray’s television markets.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Systemic Reforms: Findings from the report prompted the Georgia Department of Family and Children Services to improve its review processes for abuse cases, increasing oversight and consistency, thereby ensuring better protection for families and demonstrating the power of journalism in driving social change.
- Team Efforts: The dedicated work of the 11Alive team, through rigorous investigation and courageous reporting, sparked statewide dialogue and empowered families and physicians to challenge questionable abuse allegations, reflecting the journalists' commitment to serving their communities and holding institutions accountable.
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- 24/7 Newsroom Transformation: By transforming local stations into 24/7 story-first newsrooms, TEGNA enhances the speed and accuracy of news delivery, thereby increasing user trust and connection to their communities.
- Personalized User Experience: The new app features a personalized home feed that allows users to quickly access the most important local news and weather based on their interests and location, boosting user retention and satisfaction.
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See More
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- Award Recognition: TEGNA's WXIA (11Alive) received the 2026 Alfred I. duPont-Columbia University Award for its investigative report 'Help That Harms,' highlighting its excellence in broadcast journalism and its critical role in exposing child abuse allegations.
- Investigative Impact: The investigation uncovered a troubling pattern where parents bringing infants to the ER were often accused of abuse, leading to the passage of 'Ridge's Law' in Georgia, which legally empowers parents to seek a second medical opinion, enhancing the transparency of the child welfare system.
- Systemic Reforms: Findings from the report prompted the Georgia Department of Family and Children Services to improve its review processes for abuse cases, increasing oversight and consistency, thereby ensuring better protection for families and demonstrating the power of journalism in driving social change.
- Team Efforts: The dedicated work of the 11Alive team, through rigorous investigation and courageous reporting, sparked statewide dialogue and empowered families and physicians to challenge questionable abuse allegations, reflecting the journalists' commitment to serving their communities and holding institutions accountable.
See More
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- Video Consumption Surge: TEGNA's new mobile app saw video plays increase by over tenfold during testing, with user sessions rising by 40%, indicating strong demand and engagement for real-time local news.
- 24/7 Newsroom Transformation: By transforming local stations into 24/7 story-first newsrooms, TEGNA enhances the speed and accuracy of news delivery, thereby increasing user trust and connection to their communities.
- Personalized User Experience: The new app features a personalized home feed that allows users to quickly access the most important local news and weather based on their interests and location, boosting user retention and satisfaction.
- Technology-Driven Content Creation: TEGNA reimagined the software powering local teams, leveraging cutting-edge technology to free up more time for original content creation, ensuring true 24/7 news coverage across all screens.
See More
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- Dillard's Stock Performance: Between December 2020 and December 2025, Dillard's shares surged over 1200%, outperforming the S&P 500, Nvidia, and Bitcoin, showcasing its strong post-pandemic recovery and market competitiveness.
- Dividend Policy Advantage: With a 15-year track record of dividend growth averaging 12.9% annually over the past five years, combined with a forward yield of 4.8%, Dillard's is expected to continue delivering solid capital returns in the future.
- Nexstar's Profitability: As the largest owner of broadcast television stations in the U.S., Nexstar has successfully enhanced profitability through aggressive cost-cutting, currently boasting a forward dividend yield of 3.5% and a payout ratio of only 45%, providing ample cash flow for future acquisitions and debt repayment.
- Target's Turnaround Potential: Target's stock has rallied over the past year, with a forward yield of 4.1% and a payout ratio nearing 60%, while its 57 years of consecutive dividend growth, coupled with pressure from activist hedge funds, may further enhance management's turnaround efforts, positively impacting share price and dividend growth prospects.
See More
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- Sustained Dividend Growth: With a 15-year track record of dividend growth averaging 12.9% annually over the last five years, Dillard's is expected to maintain a forward yield of 4.8%, enhancing investor return expectations.
- Nexstar Acquisition Potential: Nexstar Broadcast Group has successfully improved profitability through aggressive cost-cutting, currently boasting a forward dividend yield of 3.5%, with potential earnings growth from the pending Tegna acquisition.
- Target Shareholder Activism: Target, a Dividend King with 57 years of consecutive dividend growth and a forward yield of 4.1%, may see accelerated transformation efforts due to pressure from activist hedge fund Toms Capital, potentially boosting share price and dividend growth.
See More
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- Stock Movement: Tegna's shares surged 3.5% following reports that FCC Chairman Brendan Carr may lift the local TV station cap, although they have since returned to unchanged levels, indicating market caution regarding policy changes.
- Policy Change Expectations: According to a Dow Jones report, Carr could lift the cap within one to three months, which would facilitate Nexstar Media's proposed acquisition of Tegna, potentially creating significant synergies.
- Acquisition Outlook: Benchmark analyst Daniel Kurnos maintains that despite the surrounding noise, Nexstar will successfully acquire Tegna either through a cap increase or waiver, forming a formidable market presence.
- Support vs Opposition: Carr's support for lifting the cap contrasts with President Trump's late November remarks opposing changes to the TV ownership limit, highlighting the uncertainty in the policy environment that could impact the acquisition process.
See More
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- Fireworks Spectacle: The Space Needle's New Year celebration for 2026 featured over 5,000 fireworks launched with 1,500 unique cues, making it the brightest celebration in history, significantly enhancing Seattle's urban image and appeal.
- Rich On-Site Activities: The event included exciting pre-show activities such as live music from the Blue Wave Band and DJ performances, attracting a large audience and fostering community cohesion and engagement.
- Sponsor Support: Alaska Airlines, as the main sponsor, not only provided giveaways at the event but also enhanced the event's visibility through its brand influence, promoting interaction between the brand and consumers.
- Extensive Media Coverage: The event was broadcast live on multiple media outlets including KING, KREM, and KGW, reaching audiences across the Pacific Time Zone, further solidifying the Space Needle's status as Seattle's iconic landmark.
See More
