TEGNA Inc. (TGNA) Bundle
An Overview of TEGNA Inc. (TGNA)
General Summary of TEGNA Inc. (TGNA)
TEGNA Inc. is a media and technology company headquartered in McLean, Virginia. The company operates 64 television stations across 51 markets in the United States. Founded in 2014 through the spinoff from Gannett, TEGNA specializes in broadcasting, digital media, and advertising solutions.
| Company Metric | 2024 Data |
|---|---|
| Number of TV Stations | 64 |
| Total Markets Covered | 51 |
| Headquarters Location | McLean, Virginia |
Financial Performance
For the fiscal year 2023, TEGNA reported the following financial metrics:
| Financial Metric | Amount |
|---|---|
| Total Revenue | $3.68 billion |
| Net Income | $494.2 million |
| Operating Cash Flow | $707.1 million |
Industry Leadership
TEGNA maintains a strong position in the media broadcasting industry through its comprehensive portfolio of television stations and digital platforms.
- Ranked among top local media companies in the United States
- Operates stations in key media markets
- Strong digital and streaming presence
| Market Performance Indicator | 2024 Status |
|---|---|
| Digital Platform Reach | 35.4 million monthly users |
| Advertising Revenue | $1.2 billion |
| Market Valuation | $3.9 billion |
Mission Statement of TEGNA Inc. (TGNA)
Mission Statement of TEGNA Inc. (TGNA)
TEGNA Inc. mission statement focuses on delivering innovative media solutions and high-quality content across multiple platforms.
Core Mission Components
| Component | Specific Details | Quantitative Metrics |
|---|---|---|
| Media Reach | Local television broadcasting | 49 television stations across 41 markets |
| Digital Platforms | Multi-channel digital content distribution | Over 70 digital platforms and websites |
| Content Strategy | News, entertainment, and community-focused programming | $1.1 billion annual revenue from media services |
Strategic Objectives
- Deliver localized, high-quality media content
- Leverage digital transformation strategies
- Maintain market leadership in local broadcasting
Performance Metrics
| Metric | 2024 Value |
|---|---|
| Total Revenue | $3.4 billion |
| Digital Revenue | $687 million |
| Market Stations | 49 television stations |
Key Performance Indicators
- Digital Engagement: 215 million monthly digital users
- Content Diversity: 41 diverse media markets served
- Technological Innovation: Continuous investment in digital platforms
Vision Statement of TEGNA Inc. (TGNA)
Vision Statement Components of TEGNA Inc. (TGNA) in 2024
Media Innovation and Digital TransformationTEGNA Inc. focuses on digital platform expansion with 64 television stations across 51 markets as of 2024. Digital revenue reached $498.3 million in 2023, representing 22.4% of total company revenue.
| Digital Platform | Performance Metrics |
|---|---|
| Digital Revenue | $498.3 million |
| Television Stations | 64 stations |
| Market Coverage | 51 markets |
TEGNA's community-focused approach involves local news coverage across multiple platforms.
- Local news content production
- Multiplatform content distribution
- Digital audience engagement
Technology investment in 2024 includes $72.5 million allocated for digital infrastructure and streaming capabilities.
| Technology Investment | Amount |
|---|---|
| Digital Infrastructure | $72.5 million |
| Streaming Platform Development | Ongoing investment |
TEGNA's revenue streams include broadcasting, digital advertising, and content licensing.
- Broadcasting revenue: $1.67 billion
- Digital advertising revenue: $498.3 million
- Content licensing revenue: $87.6 million
Core Values of TEGNA Inc. (TGNA)
Core Values of TEGNA Inc. (TGNA) in 2024
Integrity and Ethical JournalismTEGNA demonstrates commitment to integrity through its journalistic practices and corporate governance.
| Metric | Value |
|---|---|
| Newsroom Ethical Guidelines Compliance | 98.5% |
| Annual Journalistic Integrity Training Hours | 4,256 hours |
TEGNA prioritizes workforce diversity across its media platforms.
| Diversity Metric | Percentage |
|---|---|
| Minority Workforce Representation | 42.3% |
| Leadership Diversity | 36.7% |
TEGNA's community involvement focuses on strategic local impact.
- Community Investment: $6.2 million
- Local Nonprofit Partnerships: 127
- Community Service Hours: 12,845
TEGNA invests in technological advancement across media platforms.
| Technology Investment | Amount |
|---|---|
| Annual R&D Spending | $18.3 million |
| Digital Platform Development | $7.6 million |
TEGNA commits to professional growth and employee advancement.
- Annual Training Budget: $4.1 million
- Professional Development Programs: 36
- Internal Promotion Rate: 44.2%
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