Proxy adviser ISS backs one of four Standard General nominees at Tegna

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TEGNA (TGNA) Reports Prelim. 1Q EPS & Revenues Above Consensus

April 20, 2020 6:04 AM EDT

TEGNA Inc. (NYSE: TGNA) today announced preliminary financial results for the first quarter ended March 31, 2020. The company expects to achieve previously issued guidance for all first quarter metrics.

Preliminary First Quarter Highlights:

Revenue is expected to be $684 million, up 32 percent year-over-year and in-line with prior guidance, driven by acquisitions and continued growth in subscription revenue and political advertising spending, which TEGNA continues to expect to account for more than half of our revenues on a 19/20 basis. Excluding political advertising, quarterly... More