Tegna, a publicly owned company headquartered in Tysons, Virginia, was founded in 2015 and has approximately 1950 employees. The company reported $3.1B in revenue as of 2024 and functions as a tier 1 media tech buyer. It specializes in broadcast television and radio, operating as a broadcast, digital media, and marketing services company. Tegna was created on June 29, 2015, following the split of the Gannett Company, where it comprised the broadcast television and digital media divisions. The company owns or operates 68 television stations across 54 markets and holds properties in digital media. It is the largest group owner of NBC-affiliated stations and the fourth-largest group owner of ABC affiliates. Tegna also owns two digital multicast networks, True Crime Network and Quest.
On March 21, 2026, the Federal Communications Commission (FCC) approved the Nexstar-Tegna deal, which resulted in NBC 4 and 10TV sharing an owner. Earlier on the same day, eight US states asked a judge to temporarily halt the Nexstar and Tegna merger, citing a $3.5 billion valuation in their request. This development followed Nexstar Media Group's confirmation on March 19, 2026, that it had closed its $6.2 billion acquisition of Tegna. The acquisition, initially unveiled in August 2025, proceeded despite significant legal and regulatory pressure and positioned Nexstar as the country's largest local television station owner. Nexstar also announced $5.1 billion in associated debt.
Tegna offers 68 products in the media and telecoms services industry. Tegna's product portfolio comprises of broadcast television and radio.
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Tegna's revenues were $3.1B in 2024. Caretta Research has split Tegna's revenue into 2 different product categories, the largest of which is local broadcaster advertising, which represents 52% of Tegna's revenue.
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