---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-055092"
form_type: "8-K"
ticker: null
cik: "0000039899"
company_name: "TEGNA INC"
filed_at: "2024-05-08T23:59:59+00:00"
generated_at: "2026-06-02T14:24:42.249414+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# TEGNA Q1: non-GAAP EPS $0.45, revenue $714M; dividend raised 10%; FCF guidance reaffirmed

## Summary
- Total company revenue $714M (down 4% YoY); subscription revenue $375M (down 9% YoY) due to temporary disruption and subscriber declines.
- GAAP net income $190M includes $116M gain from sale of BMI interest; non-GAAP net income $80M; Adjusted EBITDA $174M (down 15% YoY).
- Board increased quarterly dividend 10% to $0.125/share, payable July 1 to holders of record June 7, 2024.
- Returned over $100M to shareholders in Q1 ($82M buybacks, $20M dividends); on track to return ~$350M in 2024.
- Reaffirmed full-year guidance and 2024-2025 two-year adjusted FCF range of $900M-$1.1B; Q2 revenue expected down low-to-mid single digits.

## SEC filing metadata
- accession: 0000950170-24-055092
- form_type: 8-K
- cik: 0000039899
- company_name: TEGNA INC
- filed_at: 2024-05-08T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/39899/000095017024055092/0000950170-24-055092-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/39899/000095017024055092/tgna-20240508.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-055092
- JSON: https://secwatch.observer/filing/0000950170-24-055092.json
- Plain text: https://secwatch.observer/filing/0000950170-24-055092.txt

## Key facts
- Earnings Releases
  TEGNA INC reported the three months ended Mar. 31, 2024 results: revenue $714 million, net income $190 million, EPS $1.06. Guidance reaffirmed.
  - Period: the three months ended Mar. 31, 2024
  - Revenue: $714 million
  - Net income: $190 million
  - EPS: $1.06
  - Guidance: reaffirmed
  - Result: reported results
  source text: Va. – TEGNA Inc. (NYSE: TGNA) today announced financial results for the first quarter ended March 31, 2024. FIRST QUARTER FINANCIAL HIGHLIGHTS: • Total company revenue was $714 million in the first quarter, down four percent year-over-year and at the midpoint of our guidance range, primarily due to lower subscription revenue, which was adversely impacted by a
  evidence_url: https://www.sec.gov/Archives/edgar/data/39899/000095017024055092/0000950170-24-055092-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.