MCLEAN, Va.--(BUSINESS WIRE)--Oct. 27, 2016--
TEGNA Inc.’s (NYSE: TGNA) Board of Directors today declared a dividend
of 14 cents per share, payable on January 3, 2017 to stockholders of
record as of the close of business on December 9, 2016.
“TEGNA consistently returns capital to our shareholders while continuing
to innovate, invest in and grow our businesses,” said Gracia Martore,
president and CEO, TEGNA. “We remain well-positioned to capitalize on
market demand for our business and continue to deliver outstanding value
to our shareholders.”
On September 7, 2016, TEGNA announced it intends to spin-off Cars.com
from TEGNA, creating two independent publicly traded companies: TEGNA,
the largest independent broadcast station group among major network
affiliates in the top 25 markets, and Cars.com, a top online destination
in the digital automotive marketplace. TEGNA also announced that it is
evaluating strategic alternatives for CareerBuilder, a global leader in
human capital solutions. The spin-off is expected to take place in the
first half of 2017.
About TEGNA
TEGNA Inc. (NYSE: TGNA) 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 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 and Cofactor. For more information,
visit www.TEGNA.com.
View source version on businesswire.com: http://www.businesswire.com/news/home/20161027006757/en/
Source: TEGNA Inc.
TEGNA Inc.
For media inquiries, contact:
Steve
Kidera
Manager, Corporate Communications
703-873-6434
skidera@TEGNA.com
or
For
investor inquiries, contact:
Jeffrey Heinz
Vice President,
Investor Relations
703-854-6917
jheinz@TEGNA.com