MCLEAN, Va.--(BUSINESS WIRE)--Oct. 27, 2015--
TEGNA Inc.’s (NYSE: TGNA) Board of Directors today declared a dividend
of 14 cents per share, payable on January 4, 2016 to stockholders of
record as of the close of business on December 4, 2015.
Earlier this month, TEGNA’s Board of Directors approved a $75 million
increase in the company’s share repurchase program to $825 million which
will be used over the original three-year term, ending June 2018.
“TEGNA has top-performing assets and scale in both the broadcast and
digital industries, consistently strong and dependable cash flows,
high-growth, high-margin businesses and a shareholder-focused capital
structure,” said Gracia Martore, TEGNA President and CEO. “Our strong
cash generation will enable us to invest for growth while simultaneously
returning capital to shareholders.”
About TEGNA
TEGNA Inc. (NYSE: TGNA), formerly Gannett Co., Inc., is comprised of a
dynamic portfolio of media and digital businesses that provide content
that matters and brands that deliver. TEGNA reaches more than 90 million
Americans and delivers highly relevant, useful and smart content, when
and how people need it, to make the best decisions possible. TEGNA Media
includes 46 television stations (including those serviced by TEGNA) and
is the largest independent station group of major network affiliates in
the top 25 markets, reaching approximately one-third of all television
households nationwide. TEGNA Digital is comprised of Cars.com, the
leading online destination for automotive consumers, CareerBuilder, a
global leader in human capital solutions, and other powerful brands such
as G/O Digital, Cofactor, Clipper and Sightline Media Group. For more
information, visit www.TEGNA.com.
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Source: TEGNA Inc.
TEGNA Inc.
For media inquiries, contact:
Jeremy Gaines
Vice
President, Corporate Communications
703-854-6049
jmgaines@TEGNA.com
or
For
investor inquiries, contact:
Jeffrey Heinz
Vice President,
Investor Relations
703-854-6917
jheinz@TEGNA.com