Subscription growth of 2% — a.k.a. retransmission consent dollars — saved the day for TEGNA in the second quarter of 2023, with core advertising sequentially better from the first quarter.
Automotive has “steadily recovered,” and rose for the fourth consecutive quarter — with Q3 trends showing continued growth, CEO Dave Lougee shared on the company’s Q2 earnings call. It marks the second call since the failed merger acquisition with Standard General, and a hefty termination fee from the organization led by Soo Kim is perhaps singlehandedly responsible to earnings per share growth for TEGNA.
Hear what Dave Lougee, CFO Victoria Harker, and others on TEGNA’s second quarter 2023 earnings call have to say about its fiscal health in detail by listening to the latest RBR+TVBR InFOCUS Podcast, presented by dot.FM. The podcast will be distributed at 3pm Eastern/Noon Pacific on August 3.
