One year ago, it was believed that TEGNA would be owned by Standard General, the hedge fund led by Soo Kim. That transaction dissolved thanks to a FCC Media Bureau decision for a hearing in front of an Administrative Law Judge to answer lingering questions bureau chief Holly Sauer had regarding the deal.
Today, TEGNA is proving to its investors that it can go at it alone just fine. In the second quarter, ex-political, revenue was down “just slightly,” while “subscription revenue” was a record high in Q2, CEO Dave Lougee shared in his company’s earnings call held on August 3.
Chief Financial Officer Victoria Harker and SVP of Financial Planning & Business Operations Julie Heskett were also on the call, and there was much to share. In this InFOCUS Podcast, presented by dot.fm, we offer highlights from the conversation, including how Premion is “uniquely positioned to win” as local cable’s “declining reach” was seen as a plus for TEGNA — even as retransmission consent fees outweigh core advertising revenue.
Listen to “The InFOCUS Podcast: TEGNA Q2 ’23 In Depth” on Spreaker.
