TGNA - Mergers and acquisitions

Reports full-year 2023 results which met or exceeded all full-year 2023 guidance metrics Provides full-year 2024 outlook and free cash flow guidance for 2024-2025 Plans to return 40-60% of 2024-2025 free cash flow to shareholders through new capital allocation framework; represents an expected return of capital of $1.3 billion from the date of merger termination through 2025, with $350 million commitment in 2024 Received $153 million of pre-tax cash proceeds from the sale of ownership interest in BMI (Broadcast Music, Inc.) Board authorizes new two-year $650 million share repurchase to capitalize on industry-leading balance sheet and leverage position TEGNA Inc. (NYSE:TGNA) today

TEGNA Inc. (NYSE:TGNA) today announced that Premion, LLC, its industry-leading premium Connected TV (CTV)/Over-the-Top (OTT) advertising platform for regional and local advertisers, has signed an agreement and simultaneously closed on the acquisition of Octillion Media. Octillion is a next-generation demand-side platform (DSP) focused on Local CTV/OTT advertising. The acquisition will expand Premion's capabilities in the growing CTV marketplace by combining Octillion's cutting-edge technology with Premion's award-winning local CTV/OTT advertising solution. "Octillion is precisely the type of smart bolt-on acquisition we have long considered to accelerate our already successful organically

TYSONS, Va.--(BUSINESS WIRE)--TEGNA Inc. (NYSE: TGNA) announced today that it has acquired Locked On Podcast Network (http://lockedonpodcasts.com), the leading and innovative podcast network for local sports. Locked On produces daily shows for every team across the four major professional sports leagues, as well as more than 30 college sports programs. Locked On will expand TEGNA’s presence in the quickly growing podcast market, joining digital content studio VAULT Studios and stations’ podcasting efforts, and build on TEGNA’s overall sports footprint. “Local communities are at the heart of what we do, and nothing brings communities together like local sports. That’s why we’re v