As Retrans Battles Widen, TEGNA Sets Q4 ’21 Earnings Date


The second retransmission consent breakdown in two months transpired on Tuesday evening for TEGNA, with Verizon FiOS joining Dish Network as MVPDs presently preventing its consumers from seeing the broadcast TV station owner’s offerings in lieu of a fresh carriage agreement.

With those negotiations as a backdrop, TEGNA has selected the final day in February for hosting a conference call to discuss its Q4 and full-year 2021 fiscal results.

TEGNA President/CEO Dave Lougee and CFO Victoria Harker are among those set to be on the call for analysts and investors, and it is scheduled for Monday, February 28 at 9am Eastern.

The earnings will come at what could be a particularly beneficial time for the company. While its retrans disputes at present are unpleasant, Zacks Equity Research this week selected TEGNA as a better investment than Netflix, which is being scrutinized for password sharing proliferation.

With a $22.75 1-year target estimate and investors enjoying a dividend in recent weeks, TEGNA shares are roughly $3 under where they peaked in September 2021 but are ahead of where they were six months ago. Better yet, on a five-year-trend TGNA looks particularly healthy, with more growth expected thanks to strong political dollar forecasts for 2022.

Meanwhile, all is mum regarding a reported $8.4 billion deal for its assets, as reported by New York Post reporter Josh Kosman in December 2021. The offer involves dissident shareholder Soohyung Kim and his Standard General, in partnership with Cox Media Group lead investor Apollo Global Management. 

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