TEGNA To Complete Share Repurchases One Year Early


In December 2020, TEGNA‘s Board of Directors authorized the renewal of its share repurchase program — a decision that allows the company to repurchase up to $300 million of its issued and outstanding common stock over the next three years.

On Thursday morning, the owner of broadcast TV stations, two digital multicast networks, a podcast network and Connected TV/OTT advertising platform Premion “updated” its repurchasing plans.

How so? It is accelerating the repurchase of shares, and it is “driven by accelerated achievement” of TEGNA’s leverage target.

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