TEGNA Inc. Reports Third Quarter 2024 Results and Provides Fourth Quarter 2024 Guidance
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 07 2024
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Source: Businesswire
Financial Performance: TEGNA Inc. reported a 13% increase in total revenue to $807 million for Q3 2024, driven by record political advertising revenue of $126 million and growth in advertising and marketing services, despite a 6% decline in subscription revenue.
Key Developments: The company announced key personnel changes, including the appointment of Alex Tolston as chief legal officer, and received ten National Edward R. Murrow Awards for excellence in broadcast journalism, highlighting its commitment to local journalism and community service.
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.
