A seven state Electoral College race in the U.S. presidential race is great news for TEGNA, with record political ad spend poised to impact six of those states — each home to broadcast TV stations owned by the company formerly known as Gannett.
At the same time, big Olympic Games Paris 2024 ratings across TEGNA’s NBC stations, as it is the biggest affiliate group for the network, is driving Q3 revenue growth for the company.
Those were the two key takeaways delivered by outgoing CEO Dave Lougee in his final earnings call for analysts and investors, ahead of a leadership change poised to come next week.
