With Privatization Move In Progress, TEGNA Beats Street In Q4


The 9am Eastern earnings call scheduled for today was cancelled. That’s because TEGNA is going private, with Soohyung Kim’s Standard General and Apollo Global Management teaming up to acquire the television broadcasting company.

That didn’t stop the owner of such stations as WUSA-9 in Washington, D.C., and KGW-8 in Portland, Ore., from issuing what will likely be its final fourth quarter results under CEO Dave Lougee.

How did TEGNA do in the last three months of 2021? Total company revenue came in as expected, and beat the Zacks Consensus Revenue forecast.

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