TEGNA Beats The Street, And Investors Respond

Call it a “Gold Card” quarter for TEGNA.

Just one week ago, Soohyung Kim‘s quest for a greater say in the affairs of the broadcast television company ended as the company’s shareholders voted for Board of Directors nominees selected by TEGNA — eschewing a slate of Standard General nominees including investment firm founder Kim.

On Thursday (5/7), TEGNA put its money where it’s mouth has been by delivering earnings that beat Wall Street estimates, sending shares upward in mid-morning trading on the NYSE.