It was a foregone conclusion that many broadcast media companies would have a year-over-year decline in revenue and profits from the third quarter of 2023, given the bonanza of political ad dollars seen in the 2022 election cycle. But, just how much of a dip Radio and TV broadcasting companies would see has now emerged as the bigger question.
For TEGNA, the third quarter saw revenue that came in under the consensus estimates of Wall Street analysts.
