TEGNA INC
tegna.comNo Longer Reporting
The company has not filed an annual or quarterly report since its FY2025 10-K, filed Mar 2, 2026. Its latest SEC filing is a SCHEDULE 13G/A from Apr 9, 2026.
10-K for FY2025, filed Mar 2, 2026
The sections below describe the company as of the FY2025 annual report.
What Did They Do?
Produces local news and sports programming for viewers, licenses station content to video providers, and sells television and digital advertising to businesses.
10-K for FY2025, filed Mar 2, 2026TEGNA Inc. (the Company) serves local communities across the U.S. through trustworthy journalism, engaging content, and tools to help…View ↗
Distribution revenue is primarily generated from retransmission agreements with multichannel video programming distributors (e.g., cable…View ↗
Advertising revenues are generated from sales of advertising on our television stations’ programming, as well as our digital advertising…View ↗
Our television stations produce local programming such as news, sports, weather, and entertainment. In addition, our portfolio of “Big 4”…View ↗
How Did They Make Money?
Video distributors pay fees tied to the subscribers who receive TEGNA’s stations, generally paying monthly after service is provided. Advertisers pay for television and digital ads as they air or run, usually on monthly invoices; political advertisers pay in advance.
10-K for FY2025, filed Mar 2, 2026Our largest source of revenue is our distribution revenue, which is primarily generated from retransmission agreements with multichannel…View ↗
Revenue is recognized as we fulfill our performance obligations to our customers. For our AMS revenue stream, we measure the fulfillment of…View ↗
We also generate revenue from the sale of political advertising. Contracts within this revenue stream are short-term in nature (typically…View ↗
$2.7B
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10-K for FY2025, filed Mar 2, 2026
$2.7B ↗
Who Were Their Customers?
Local, regional and national advertisers buy campaigns across TEGNA’s television and digital platforms through its local and national sales teams. Cable, satellite and streaming TV distributors pay to carry TEGNA station content.
10-K for FY2025, filed Mar 2, 2026TEGNA Inc. (the Company) serves local communities across the U.S. through trustworthy journalism, engaging content, and tools to help…View ↗
Distribution revenue is primarily generated from retransmission agreements with multichannel video programming distributors (e.g., cable…View ↗
Our dedicated, experienced team of advertising professionals aims to deliver customized marketing solutions with seamless execution to help…View ↗
Major Customers: Customers that purchase our advertising and marketing services are comprised of local, regional, and national advertisers…View ↗
Did Revenues Turn Into Profits?
Yes. It kept 8 cents of every revenue dollar as net income in FY2025 and turned 10 cents into free cash flow.
10-K for FY2025, filed Mar 2, 2026
$443MView ↗
10-K for FY2025, filed Mar 2, 2026
$219.9MView ↗
10-K for FY2025, filed Mar 2, 2026
$282.6MView ↗
How Were They Changing?
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Mar 20, 2026
Nexstar completed its acquisition of TEGNA
TEGNA shareholders became entitled to $22.00 per share in cash under the merger.
Sources
8-K, filed Mar 20, 2026
As discussed in the Introductory Note, which is incorporated into this Item 2.01 by reference, on March 19, 2026, Nexstar completed its…View ↗
Shrank. Revenue fell 9% in 4 years, from $3B in FY2021 to $2.7B in FY2025, about 2% a year.
Who Did They Compete With?
Competes with Google, Facebook, Netflix, Comcast, and Charter
10-K for FY2025, filed Mar 2, 2026Search engines (Google, Bing, etc.) that dominate online advertising through search ads, display ads, and programmatic advertising;View ↗
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