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Running on Clouds: The Story of On
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Tegna (TGNA) investor relations material
Tegna Proxy Filing summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Proxy Filing summary10 Nov, 2025
Executive summary
Entered into a merger agreement with Nexstar Media Group, with TEGNA to become a wholly owned subsidiary of Nexstar following the merger, subject to shareholder and regulatory approval.
Filed both preliminary and definitive proxy statements with the SEC regarding the merger.
Supplemental disclosures were made to address shareholder litigation and to clarify aspects of the merger process and financial analyses.
Forward-looking statements highlight risks related to regulatory approvals, transaction completion, litigation, and operational disruptions.
Voting matters and shareholder proposals
Shareholders are being asked to vote on the adoption of the merger agreement with Nexstar, with supplemental information provided to address recent legal challenges.
Board of directors and corporate governance
The board evaluated alternative proposals, including an all-stock merger with another party, but determined the Nexstar all-cash offer provided superior and more certain value.
Directors, executive officers, and employees may be considered participants in the proxy solicitation.
What is TEGNA's strategy regarding shareholder lawsuits?
Why was Party A's all-stock offer deemed inferior?
What perpetuity growth rates were used in DCF analysis?
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Next Tegna earnings date
Q4 202527 Feb, 2026
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Frequently asked questions
Tegna Inc. is a media company that operates within the broadcast, digital media, and marketing services sectors. It was formed from the split of the Gannett Company in 2015, focusing on the more profitable broadcast television and digital media divisions. Tegna owns approximately 65 television stations and two radio stations across over 50 markets, reaching around 40% of US television households. Tegna is headquartered in Tysons, Virginia, and its shares are listed on the NYSE.
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