0001193125-26-084392 | 10-K | XBRL Viewer

Number of television stations | Station

Number of markets In which entity operates | Market

Market reach, number of people | People

100

Segment Reporting, CODM, Individual Title and Position or Group Name [Extensible Enumeration]

srt:ChiefExecutiveOfficerMember

Segment Reporting, CODM, Profit (Loss) Measure, How Used, Description

Our reportable segment structure has been determined based on our management and internal reporting structure, the nature of products and services we offer, and the financial information that is evaluated regularly by our chief operating decision maker (CODM), who is our Chief Executive Officer.

Merger termination fee

$ 0

$ 136,000

Business units - Selling, general and administrative expenses

$ 379,721

$ 394,589

412,000

Number of radio stations | RadioStation

Number of operating segments | Segment

Number of reportable segments | Segment

Common stock, par value (in dollars per share) | $ / shares

$ 1

Write-offs of accounts receivable

$ 3,300

$ 5,300

2,500

Goodwill

$ 3,015,944

3,015,944

Syndication expense

38,600

42,700

53,200

Syndication assets

27,200

Syndicated programming rights

$ 27,219

27,219

28,097

Impairment of indefinite-lived intangible assets

3,400

Redemption of noncontrolling interest

20,845

Treasury shares | shares

156,300,000

Treasury shares declined | shares

156,300,000

Reduction to retained earnings

$ 3,172,693

8,549,717

Submission period for customers to submit payments

Our MVPD and vMVPD partners generally submit payments monthly, typically within 60 to 90 days after the month that the service was provided.

Impairment, Intangible Asset, Indefinite-Lived (Excluding Goodwill), Statement of Income or Comprehensive Income [Extensible Enumeration]

^[1]

$ 1,730,843

1,756,115

$ 1,718,857

Asset impairment charges

Treasury stock

Retirement of treasury shares

5,604,882

Common stock

Retirement of treasury shares

(156,250)

Retained earnings

Retirement of treasury shares

(5,450,000)

$ 5,448,632

Gray

Redemption of noncontrolling interest

$ 20,800

Performance share awards

Award vesting period

2 years

Requisite service period

3 years

Restricted stock units

Requisite service period

4 years

Investment One

Investments

25,300

$ 25,300

29,000

Broadcast Music Inc

Gain on sale of investments

152,900

Television and radio station FCC broadcast licenses

Television and radio station FCC broadcast licenses

2,124,106

2,124,731

FCC licenses which have experienced limited headroom

Television and radio station FCC broadcast licenses

395,900

FCC licenses, all other licenses

Television and radio station FCC broadcast licenses

$ 1,730,000

Minimum | Building and Improvements

Property, plant and equipment, useful life (in years)

10 years

Minimum | Machinery, Equipment, and Fixtures

Property, plant and equipment, useful life (in years)

3 years

Maximum | Building and Improvements

Property, plant and equipment, useful life (in years)

40 years

Maximum | Machinery, Equipment, and Fixtures

Property, plant and equipment, useful life (in years)

25 years

Cost of Sales

Selling, General and Administrative Expenses | Advertising

Bad debt expense

$ 3,900

5,200

$ 1,700

Nexstar Media Group, Inc | Merger Agreement

$ 19,100

$ 12,000

$ 10,700

Common stock, par value (in dollars per share) | $ / shares

$ 1

Share converted amount, per share | $ / shares

$ 22

Termination fee to be received

$ 125,000

[1]	Cost of revenues exclude charges for depreciation and amortization expense, which are shown separately above.

Other matters (Tables)

12 Months Ended

Dec. 31, 2025

Commitments and Contingencies Disclosure [Abstract]

Schedule of Recorded Unconditional Purchase Obligations

The table below lists programming contract commitments by year for each of the next five years and all years thereafter in aggregate (in thousands). These amounts are based on current estimates and may change due to changes in inputs such as subscriber counts.


Year	Programming Contracts
2026	$	937,760
2027		510,467
2028		441,326
2029		1,378
2030		1,419
Thereafter		—
Total	$	1,892,350

Shareholders' equity - Schedule of Accumulated Other Comprehensive Loss (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	$ 3,004,714	$ 2,704,872	$ 3,071,722
Amounts classified from AOCL	3,700	12,142	4,154
Ending balance	3,156,179	3,004,714	2,704,872
Equity method investments	15,954	16,280
CareerBuilder Investment
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Equity method investments	0
Total
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	(106,644)	(119,610)	(125,533)
Other comprehensive income (loss), before reclassifications	991	824	1,769
Amounts classified from AOCL	3,700	12,142	4,154
Ending balance	(101,953)	(106,644)	(119,610)
Retirement Plans
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	(107,176)	(120,142)	(126,065)
Other comprehensive income (loss), before reclassifications	991	824	1,769
Amounts classified from AOCL	4,232	12,142	4,154
Ending balance	(101,953)	(107,176)	(120,142)
Foreign Currency Translation
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	532	532	532
Other comprehensive income (loss), before reclassifications	0	0	0
Amounts classified from AOCL	(532)	0	0
Ending balance	$ 0	$ 532	$ 532

This item represents the carrying amount on the entity's balance sheet of its investment in common stock of an equity method investee. This is not an indicator of the fair value of the investment, rather it is the initial cost adjusted for the entity's share of earnings and losses of the investee, adjusted for any distributions (dividends) and other than temporary impairment (OTTI) losses recognized.

+ References + Details

Amount after tax, before reclassification adjustments of other comprehensive income (loss).

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Amount after tax of reclassification adjustments of other comprehensive income (loss).

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Amount of equity (deficit) attributable to parent. Excludes temporary equity and equity attributable to noncontrolling interest.

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Schedule of Lessee, Operating Leases, Assets and Liabilities

CONSOLIDATED STATEMENTS OF EQUITY AND REDEEMABLE NONCONTROLLING INTEREST (Parenthetical) - $ / shares	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Statement of Stockholders' Equity [Abstract]
Dividends declared, per share (in dollars per share)	$ 0.5	$ 0.49	$ 0.42

Leases (Tables)

12 Months Ended

Dec. 31, 2025

Leases [Abstract]

The following table presents lease related assets and liabilities on the Consolidated Balance Sheets as of December 31, 2025 and 2024 (in thousands):


	Dec. 31,
	2025		2024
Assets
Right of use assets for operating leases	$	65,071	$	63,535

Liabilities
Operating lease liabilities (current)1	$	10,739	$	10,483
Operating lease liabilities (non-current)		59,981		63,421
Total operating lease liabilities	$	70,720	$	73,904

Schedule of Future Rent Payments on Lease Liabilities

The table below reconciles future lease payments for each of the next five years and remaining years thereafter, in aggregate, to the lease liabilities recorded on the Consolidated Balance Sheets as of December 31, 2025 (in thousands):


Future Period	Cash Payments
2026	$	15,372
2027		14,106
2028		13,527
2029		12,302
2030		9,912
Thereafter		22,582
Total lease payments		87,801
Less: amount of lease payments representing interest		17,081
Present value of lease liabilities	$	70,720

Goodwill and other intangible assets - Schedule of Indefinite-Lived Intangible Assets, and Amortizable Intangible Assets (Details) - USD ($) $ in Thousands	Dec. 31, 2025	Dec. 31, 2024
Indefinite-lived Intangible Assets [Line Items]
Accumulated Amortization	$ (220,522)	$ (185,175)
Total	149,694
Total indefinite-lived and amortizable intangible assets, gross	2,494,322	2,494,947
Total indefinite-lived and amortizable intangible assets, net	2,273,800	2,309,772
Network affiliation agreements
Indefinite-lived Intangible Assets [Line Items]
Gross	266,018	266,018
Accumulated Amortization	(143,247)	(122,539)
Total	122,771	143,479
Other
Indefinite-lived Intangible Assets [Line Items]
Gross	104,198	104,198
Accumulated Amortization	(77,275)	(62,636)
Total	26,923	41,562
Television and radio station FCC broadcast licenses
Indefinite-lived Intangible Assets [Line Items]
Television and radio station FCC broadcast licenses	$ 2,124,106	$ 2,124,731

Income taxes - Schedule of Reconciliation of Effective Tax Rate (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Income Tax Disclosure [Abstract]
U.S. statutory tax rate, Amount	$ 60,728	$ 162,490	$ 127,454
State taxes (net of federal income tax benefit), Amount	4,628	17,015	15,867
Tax credits
Purchase of clean energy federal tax credits, Amount	(4,950)	(7,433)	0
Other, Amount	(329)	0	0
Changes in valuation allowances, Amount	1,096	(206)	(4,080)
Non-taxable or non-deductible items, Amount
Non-deductible officers' compensation, Amount	6,423	3,375	2,897
Non-deductible transaction costs, Amount	3,687	0	(4,855)
Non-taxable Merger termination fee, Amount	0	0	(8,191)
Other, Amount	(1,037)	2,448	391
Changes in unrecognized tax benefits, Amount	(352)	(2,491)	(1,050)
Other adjustments, Amount	(569)	(1,254)	1,766
Total	$ 69,325	$ 173,944	$ 130,199
U.S. statutory tax rate, Percent	21.00%	21.00%	21.00%
State taxes (net of federal income tax benefit), Percent	1.60%	2.20%	2.60%
Tax credits
Purchase of clean energy federal tax credits, Percent	(1.70%)	(1.00%)	0.00%
Other, Percent	(0.10%)	0.00%	0.00%
Changes in valuation allowances, Percent	0.40%	0.00%	(0.70%)
Non-taxable or non-deductible items
Non-deductible officers' compensation, Percent	2.20%	0.40%	0.50%
Non-deductible transaction costs, Percent	1.30%	0.00%	(0.80%)
Non-taxable Merger termination fee, Percent	0.00%	0.00%	(1.30%)
Other, Percent	(0.40%)	0.30%	0.10%
Changes in unrecognized tax benefits, Percent	(0.10%)	(0.30%)	(0.20%)
Other adjustments, Percent	(0.20%)	(0.10%)	0.30%
Effective tax rate, Percent	24.00%	22.50%	21.50%

Income taxes (Tables)

12 Months Ended

Dec. 31, 2025

Income Tax Disclosure [Abstract]

Schedule of Provision (Benefit) for Income Taxes on Income Consists

The provision (benefit) for income taxes consists of the following (in thousands):


2025	Current		Deferred		Total
Federal	$	51,340	$	13,803	$	65,143
State and other		3,359		823		4,182
Total	$	54,699	$	14,626	$	69,325


2024	Current		Deferred			Total
Federal	$	154,621	$	120		$	154,741
State and other		23,130		(3,927	)		19,203
Total	$	177,751	$	(3,807	)	$	173,944


2023	Current		Deferred		Total
Federal	$	96,816	$	14,240	$	111,056
State and other		13,646		5,497		19,143
Total	$	110,462	$	19,737	$	130,199

Schedule of Reconciliation of Effective Tax Rate

The provision for income taxes varies from the U.S. federal statutory tax rate as a result of the following differences (amounts in thousands):


	2025						2024						2023
	Amount			Percent			Amount			Percent			Amount			Percent
U.S. statutory tax rate	$	60,728			21.0	%	$	162,490			21.0	%	$	127,454			21.0	%
State taxes (net of federal income tax benefit)1 2 3		4,628			1.6			17,015			2.2			15,867			2.6
Tax credits
Purchase of clean energy federal tax credits		(4,950	)		(1.7	)		(7,433	)		(1.0	)		—			—
Other		(329	)		(0.1	)		—			—			—			—
Changes in valuation allowances		1,096			0.4			(206	)		—			(4,080	)		(0.7	)
Non-taxable or non-deductible items
Non-deductible officers' compensation		6,423			2.2			3,375			0.4			2,897			0.5
Non-deductible transaction costs4		3,687			1.3			—			—			(4,855	)		(0.8	)
Non-taxable Merger termination fee		—			—			—			—			(8,191	)		(1.3	)
Other		(1,037	)		(0.4	)		2,448			0.3			391			0.1
Changes in unrecognized tax benefits		(352	)		(0.1	)		(2,491	)		(0.3	)		(1,050	)		(0.2	)
Other adjustments		(569	)		(0.2	)		(1,254	)		(0.1	)		1,766			0.3
Effective tax rate	$	69,325			24.0	%	$	173,944			22.5	%	$	130,199			21.5	%

1 The state and local jurisdictions that contribute to the majority (greater than 50%) of the tax effect in this category for the year ended December 31, 2025, include California, Texas, and Minnesota.

2 The state and local jurisdictions that contribute to the majority (greater than 50%) of the tax effect in this category for the year ended December 31, 2024, include California, Minnesota, Texas, Georgia, Connecticut, Florida, Colorado, and Arizona.

3 The state and local jurisdictions that contribute to the majority (greater than 50%) of the tax effect in this category for the year ended December 31, 2023, include California, Texas, Minnesota, Maryland, Colorado and Arizona.

4 The effective tax rate for the year ended December 31, 2023, was favorably impacted by the deduction of previously capitalized transaction costs that became deductible for tax purposes following the termination of the related transaction.

Schedule of Deferred Tax Liabilities and Assets

Deferred tax liabilities and assets were composed of the following as of December 31, 2025 and 2024 (in thousands):


	2025		2024
Deferred tax liabilities
Accelerated amortization of deductible intangibles	$	573,288	$	567,009
Accelerated depreciation		56,804		59,558
Right-of-use assets for operating leases		15,814		15,770
Other		5,681		4,097
Total deferred tax liabilities		651,587		646,434
Deferred tax assets
Accrued compensation costs		18,947		23,081
Pension and post-retirement medical and life		16,185		17,804
Loss carryforwards		19,183		15,416
Operating lease liabilities		16,108		16,656
Other		18,180		18,065
Total deferred tax assets		88,603		91,022
Deferred tax asset valuation allowance		28,283		23,801
Total net deferred tax liabilities	$	591,267	$	579,213

The following table summarizes the activity related to deferred tax asset valuation allowances (in thousands):


	2025			2024			2023
Balance at beginning of year	$	23,801		$	25,001		$	26,339
Additions to valuation allowance		4,875			2,212			5,001
Reductions to valuation allowance		(393	)		(3,412	)		(6,339	)
Balance at the end of year	$	28,283		$	23,801		$	25,001

Schedule of Activity Related to Unrecognized Tax Benefits, Excluding Federal Tax Benefit of State Tax Deductions

The following table summarizes the activity related to unrecognized tax benefits, excluding the federal tax benefit of state tax deductions (in thousands):


	2025			2024			2023
Change in unrecognized tax benefits
Balance at beginning of year	$	4,236		$	6,645		$	7,725
Additions based on tax positions related to the current year		99			123			—
Additions for tax positions of prior years		—			123			151
Reductions of tax positions of prior years		(131	)		(378	)		(680	)
Settlements		(151	)		(1,710	)		—
Reductions due to lapse of statutes of limitations		(498	)		(567	)		(551	)
Balance as of end of year	$	3,555		$	4,236		$	6,645

Schedule of Cash Paid for Income Taxes, Net of Refunds Received

Cash Taxes Paid

The following table summarizes cash paid for income taxes, net of refunds received (in thousands):


	2025		2024		2023
Federal taxes	$	105,592	$	109,791	$	112,561
State and local taxes		7,550		24,332		13,577
Total	$	113,142	$	134,123	$	126,138

Retirement plans - Schedule of Defined Benefit Plan Amounts Recognized in Other Comprehensive Income (Loss) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Comprehensive Income (Loss) [Line Items]
Current year net actuarial (loss)/gain	$ 1,332	$ 1,108	$ 2,387
Amortization of previously deferred prior service costs	5,726	6,031	5,590
Retirement Plans
Comprehensive Income (Loss) [Line Items]
Current year net actuarial (loss)/gain	2,607	(2,392)	2,356
Amortization of actuarial loss	5,979	5,942	6,059
Amortization of previously deferred prior service costs	90	90	90
Pension settlement charge	0	10,316	0
Pension and other postretirement benefit items	$ 8,676	$ 13,956	$ 8,505

Commitments and Contingencies Disclosure [Abstract]

Amount, before tax, after reclassification adjustment, of (increase) decrease in accumulated other comprehensive income for defined benefit plan.

+ References + Details

Retirement plans - Schedule of Expected Benefit Payments (Details) - Retirement Plans $ in Thousands	Dec. 31, 2025 USD ($)
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
2026	$ 45,973
2027	37,050
2028	36,819
2029	35,446
2030	34,923
2031 through 2035	$ 153,306

Other matters

12 Months Ended

Dec. 31, 2025

Other matters

NOTE 11 – Other matters

Litigation

Litigation Relating to the Merger

As of March 2, 2026, three complaints have been filed by purported stockholders of TEGNA in connection with the Merger: Faul v. TEGNA Inc., et al., No. 25-cv-12161 (filed in the U.S. District Court for the Northern District of Illinois on October 3, 2025 (the "Faul Litigation"), Cohen v. TEGNA Inc., et al., Index No. 659416/2025 (filed in New York County on October 28, 2025), and Brady v. TEGNA Inc., et. al., Index No. 659438/2025 (filed in New York County on October 29, 2025). The complaints generally allege that the preliminary proxy statement filed by TEGNA on September 17, 2025 in connection with the Merger (the “Preliminary Proxy Statement”) or the definitive proxy statement filed by TEGNA on October 10, 2025 in connection with the Merger (the “Definitive Proxy Statement”) include false and misleading information and/or fail to disclose allegedly material information in violation of federal or state law. The complaints seek, among other things, to enjoin TEGNA from consummating the Merger, or in the alternative, rescission of the Merger and/or compensatory damages, as well as attorneys’ and expert fees. As of February 17, 2026, the Faul Litigation has been dismissed without prejudice for want of prosecution. In addition to these complaints, TEGNA has received demand letters from counsel representing purported stockholders of TEGNA, alleging similar deficiencies and/or omissions in the Preliminary Proxy Statement or the Definitive Proxy Statement. TEGNA believes that the allegations in these actions are without merit. Additional complaints arising out of the Merger may be filed in the future, and additional demand letters arising out of the Merger may be received in the future.

Antitrust matters

In the third quarter of 2018, certain national media outlets reported the existence of a confidential investigation by the United States Department of Justice Antitrust Division (DOJ) into the local television advertising sales practices of station owners. We received a Civil Investigative Demand (CID) in connection with the DOJ’s investigation. On November 13 and December 13, 2018, the DOJ and seven other broadcasters settled a DOJ complaint alleging the exchange of competitively sensitive information in the broadcast television industry. In June 2019, we and four other broadcasters entered into a substantially identical agreement with DOJ, which was entered by the court on December 3, 2019. The settlement contained no finding of wrongdoing or liability and carried no penalty. It prohibited us and the other settling entities from sharing certain confidential business information, or using such information pertaining to other broadcasters, except under limited circumstances. The settlement also required the settling parties to make certain enhancements to their antitrust compliance programs, to continue to cooperate with the DOJ’s investigation, and to permit DOJ to verify compliance. To date, the costs of compliance have not been material and we do not expect such costs to be material in the future.

Since the national media reports, numerous putative class action lawsuits were filed against owners of television stations (the Advertising Cases) in different jurisdictions. The plaintiffs are a class consisting of all persons and entities in the United States who paid for all or a portion of advertisement time on local television provided by the defendants. The Advertising Cases assert antitrust and other claims and seek monetary damages, attorneys’ fees, costs and interest, as well as injunctions against the allegedly wrongful conduct.

These cases were consolidated into a single proceeding in the United States District Court for the Northern District of Illinois, captioned In re: Local TV Advertising Antitrust Litigation on October 3, 2018. At the court’s direction, the plaintiffs filed an amended complaint on April 3, 2019, that superseded the original complaints. Although we were named as a defendant in sixteen of the original complaints, the amended complaint did not name TEGNA as a defendant. After TEGNA and four other broadcasters entered into consent decrees with the DOJ in June 2019, the plaintiffs sought leave from the court to further amend the complaint to add TEGNA and the other settling broadcasters to the proceeding. The court granted the plaintiffs’ motion, and the plaintiffs filed the second amended complaint on September 9, 2019. On October 8, 2019, the defendants jointly filed a motion to dismiss the matter. On November 6, 2020, the court denied the motion to dismiss. On March 16, 2022, the plaintiffs filed a third amended complaint, which, among other things, added ShareBuilders, Inc., as a named defendant. ShareBuilders filed a motion to dismiss on April 15, 2022, which was granted by the court without prejudice on August 29, 2022. TEGNA has filed its answer to the third amended complaint denying any violation of law and asserting various affirmative defenses.

On May 26, 2023, the plaintiffs moved for preliminary approval of settlements with four co-defendants – CBS Corp (n/k/a Paramount Global), Fox Corp., certain Cox entities (including Cox Media Group, LLC, Cox Enterprises, Inc., CMG Media Corporation and Cox Reps, Inc.) and ShareBuilders, Inc. Although ShareBuilders prevailed on its motion to dismiss the case, as noted above, because the court had dismissed the claims without prejudice ShareBuilders entered into a zero dollar settlement with the plaintiffs in order to ensure that the plaintiffs do not re-file the claims in the future. In exchange for a release of the plaintiffs’ claims against them, the settling defendants, among other things, collectively agreed to pay $48 million, while expressly denying any liability or wrongdoing. The court approved the settlements in December 2023.

On January 23,2026, the Court held a status hearing and issued a minute order establishing dates for completion of fact discovery (June 1, 2026), the class certification process (through approximately Q1 2027), the summary judgment process (through approximately Q3 2027), and start of trial (November 1, 2027).

We believe that the claims asserted in the Advertising Cases are without merit and intend to defend vigorously against them.

Other litigation matters

We, along with a number of our subsidiaries, also are defendants in other judicial and administrative proceedings involving matters incidental to our business. We do not believe that any material liability will be incurred as a result of any of the foregoing matters.

Commitments: The following table summarizes the expected cash outflow related to our commitments on programming contracts that are not recorded on our Consolidated Balance Sheets as of December 31, 2025. Such obligations include future payments related to network affiliation agreements, commitments to purchase syndicated television programming that will be produced in the future, and the rights to carry certain professional sporting events. Certain network affiliation agreements include variable fee components. The table below lists programming contract commitments by year for each of the next five years and all years thereafter in aggregate (in thousands). These amounts are based on current estimates and may change due to changes in inputs such as subscriber counts.


Year	Programming Contracts
2026	$	937,760
2027		510,467
2028		441,326
2029		1,378
2030		1,419
Thereafter		—
Total	$	1,892,350

Major Customers: Customers that purchase our advertising and marketing services are comprised of local, regional, and national advertisers across our markets. Our distribution revenue customers include MVPDs and vMVPDs that pay us to carry our programming. In 2025, two customers purchased both advertising and marketing services and paid us compensation related to retransmission consent agreements, which in the aggregate represented more than 10% of consolidated revenue in 2025. These customers represented $361.1 million and $273.8 million of consolidated revenue in fiscal year ended December 31, 2025. In 2024, we had one major customer that represented more than 10% of our revenue with $386.9 million. In 2023, we had two major customers that each represented more than 10% of our revenue with $415.4 million and $300.5 million.

Related Party Transactions: We have equity investments in MadHive, which through December 31, 2025 was a related party of TEGNA. We also had a commercial agreement with MadHive, which expired on December 31, 2025, under which MadHive provided platform services to our Premion business. We also previously had an additional commercial agreement with MadHive under which Premion had access to streaming inventory available in MadHive’s demand site platform. That agreement expired as of December 31, 2024. During the year ended December 31, 2025, we incurred expenses of $0.7 million as a result of the platform services agreement with MadHive. During the years ended December 31, 2024 and 2023, we incurred $58.1 million and $90.6 million of expenses, respectively, under the two commercial agreements. These expenses are recorded as “Cost of revenue” on our Consolidated Statements of Income. As of December 31, 2025, we had accounts receivable of $0.1 million and as of December 31, 2024, we had accounts payable and accrued liabilities associated with the MadHive commercial agreements of $0.4 million.

Description of business, use of estimates, basis of presentation, and summary of significant accounting policies - Schedule of Disaggregation of Revenue (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Disaggregation of Revenue [Line Items]
Total revenues	$ 2,711,998	$ 3,101,971	$ 2,910,930
Distribution
Disaggregation of Revenue [Line Items]
Total revenues	1,465,603	1,476,075	1,544,550
Advertising & Marketing Services
Disaggregation of Revenue [Line Items]
Total revenues	1,169,167	1,214,640	1,279,543
Political
Disaggregation of Revenue [Line Items]
Total revenues	38,787	373,229	45,800
Other
Disaggregation of Revenue [Line Items]
Total revenues	$ 38,441	$ 38,027	$ 41,037

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

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Retirement plans - Schedule of Assumptions Used in Calculating Pension Benefit Obligations Table (Details)	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Retirement Plans
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Discount rate	5.39%	5.60%	5.20%

Income taxes - Schedule of Valuation Allowances (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Deferred Tax Assets, Valuation Allowance [Roll Forward]
Beginning at beginning of period	$ 23,801	$ 25,001	$ 26,339
Additions to valuation allowance	4,875	2,212	5,001
Reductions to valuation allowance	(393)	(3,412)	(6,339)
Balance at the end of the period	$ 28,283	$ 23,801	$ 25,001

Income taxes

12 Months Ended

Dec. 31, 2025

Income Tax Disclosure [Abstract]

Income taxes

NOTE 4 – Income taxes

The provision (benefit) for income taxes consists of the following (in thousands):


2025	Current		Deferred		Total
Federal	$	51,340	$	13,803	$	65,143
State and other		3,359		823		4,182
Total	$	54,699	$	14,626	$	69,325


2024	Current		Deferred			Total
Federal	$	154,621	$	120		$	154,741
State and other		23,130		(3,927	)		19,203
Total	$	177,751	$	(3,807	)	$	173,944


2023	Current		Deferred		Total
Federal	$	96,816	$	14,240	$	111,056
State and other		13,646		5,497		19,143
Total	$	110,462	$	19,737	$	130,199

Income before income taxes attributable to TEGNA Inc. consists almost entirely of domestic income, with an immaterial amount from foreign sources.

The provision for income taxes varies from the U.S. federal statutory tax rate as a result of the following differences (amounts in thousands):


	2025						2024						2023
	Amount			Percent			Amount			Percent			Amount			Percent
U.S. statutory tax rate	$	60,728			21.0	%	$	162,490			21.0	%	$	127,454			21.0	%
State taxes (net of federal income tax benefit)1 2 3		4,628			1.6			17,015			2.2			15,867			2.6
Tax credits
Purchase of clean energy federal tax credits		(4,950	)		(1.7	)		(7,433	)		(1.0	)		—			—
Other		(329	)		(0.1	)		—			—			—			—
Changes in valuation allowances		1,096			0.4			(206	)		—			(4,080	)		(0.7	)
Non-taxable or non-deductible items
Non-deductible officers' compensation		6,423			2.2			3,375			0.4			2,897			0.5
Non-deductible transaction costs4		3,687			1.3			—			—			(4,855	)		(0.8	)
Non-taxable Merger termination fee		—			—			—			—			(8,191	)		(1.3	)
Other		(1,037	)		(0.4	)		2,448			0.3			391			0.1
Changes in unrecognized tax benefits		(352	)		(0.1	)		(2,491	)		(0.3	)		(1,050	)		(0.2	)
Other adjustments		(569	)		(0.2	)		(1,254	)		(0.1	)		1,766			0.3
Effective tax rate	$	69,325			24.0	%	$	173,944			22.5	%	$	130,199			21.5	%

Deferred income taxes reflect temporary differences in the recognition of revenue and expense for tax reporting and financial statement purposes. Deferred tax liabilities and assets are adjusted for changes in tax laws or tax rates of the various tax jurisdictions as of the enacted date.

Deferred tax liabilities and assets were composed of the following as of December 31, 2025 and 2024 (in thousands):


	2025		2024
Deferred tax liabilities
Accelerated amortization of deductible intangibles	$	573,288	$	567,009
Accelerated depreciation		56,804		59,558
Right-of-use assets for operating leases		15,814		15,770
Other		5,681		4,097
Total deferred tax liabilities		651,587		646,434
Deferred tax assets
Accrued compensation costs		18,947		23,081
Pension and post-retirement medical and life		16,185		17,804
Loss carryforwards		19,183		15,416
Operating lease liabilities		16,108		16,656
Other		18,180		18,065
Total deferred tax assets		88,603		91,022
Deferred tax asset valuation allowance		28,283		23,801
Total net deferred tax liabilities	$	591,267	$	579,213

As of December 31, 2025, we had approximately $7.6 million of state net operating loss carryovers that, if not utilized, will expire in various amounts beginning in 2031 through 2045 in addition to $3.7 million of federal and $14.8 million of state interest disallowance carryforwards that do not expire.

Included in total deferred tax assets are valuation allowances of approximately $28.3 million as of December 31, 2025, and $23.8 million as of December 31, 2024, primarily related to federal and state interest disallowance carryforwards, minority investments, state net operating loss carryforwards and accrued compensation costs. This $4.5 million change in valuation allowance is primarily due to additional valuation allowances on state net operating loss carryforwards and federal and state interest disallowance carryforwards, as well as an increase in valuation allowance related to minority investments. If, in the future, we believe that it is more likely than not that these deferred tax assets will be realized, the valuation allowances will be reversed in the Consolidated Statements of Income.

Realization of deferred tax assets for which valuation allowances have not been established is dependent upon generating sufficient future taxable income. We expect to realize the benefit of these deferred tax assets through future reversals of our deferred tax liabilities, through the recognition of taxable income in the allowable carryback and carryforward periods, and through implementation of future tax planning strategies. Although realization is not assured, we believe it is more likely than not that all deferred tax assets for which valuation allowances have not been established will be realized.

The following table summarizes the activity related to deferred tax asset valuation allowances (in thousands):


	2025			2024			2023
Balance at beginning of year	$	23,801		$	25,001		$	26,339
Additions to valuation allowance		4,875			2,212			5,001
Reductions to valuation allowance		(393	)		(3,412	)		(6,339	)
Balance at the end of year	$	28,283		$	23,801		$	25,001

Uncertain Tax Positions

The following table summarizes the activity related to unrecognized tax benefits, excluding the federal tax benefit of state tax deductions (in thousands):


	2025			2024			2023
Change in unrecognized tax benefits
Balance at beginning of year	$	4,236		$	6,645		$	7,725
Additions based on tax positions related to the current year		99			123			—
Additions for tax positions of prior years		—			123			151
Reductions of tax positions of prior years		(131	)		(378	)		(680	)
Settlements		(151	)		(1,710	)		—
Reductions due to lapse of statutes of limitations		(498	)		(567	)		(551	)
Balance as of end of year	$	3,555		$	4,236		$	6,645

The total amount of unrecognized tax benefits that, if recognized, would impact the effective tax rate was $2.9 million as of December 31, 2025, and $3.4 million as of December 31, 2024. This amount includes the federal tax benefit of state tax deductions.

We recognize interest and penalties related to unrecognized tax benefits as a component of income tax expense. We also recognize interest income attributable to overpayment of income taxes and from the reversal of interest expense previously recorded for uncertain tax positions which are subsequently released as a component of income tax expense. We recorded income from interest and penalties for uncertain tax positions of $0.8 million and $0.3 million in 2024 and 2023, respectively. We did not recognize income or expense in 2025. The amount of accrued interest expense and penalties payable related to unrecognized tax benefits was zero as of December 31, 2025 and December 31, 2024.

We file income tax returns in the U.S. and various state jurisdictions. The 2022 through 2025 tax years remain subject to examination by the Internal Revenue Service, and the 2016 through 2025 tax years remain subject to examination by state authorities.

Cash Taxes Paid

The following table summarizes cash paid for income taxes, net of refunds received (in thousands):


	2025		2024		2023
Federal taxes	$	105,592	$	109,791	$	112,561
State and local taxes		7,550		24,332		13,577
Total	$	113,142	$	134,123	$	126,138

The entire disclosure for income tax.

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Investments and other assets - Narrative (Details) $ in Millions	12 Months Ended
	Dec. 31, 2025 USD ($)
Debt Securities, Available-for-Sale [Line Items]
Impairment charge	$ 5.2
Debt Investment
Debt Securities, Available-for-Sale [Line Items]
Impairment charge	$ 6.5

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

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Retirement plans - Schedule of Accumulated Benefit Obligations in Excess of Fair Value of Plan Assets (Details) - Retirement Plans - USD ($) $ in Thousands	Dec. 31, 2025	Dec. 31, 2024
Defined Benefit Plan Disclosure [Line Items]
Accumulated benefit obligation	$ 396,043	$ 409,822
Fair value of plan assets	$ 331,015	$ 337,902

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

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Investments, All Other Investments [Abstract]

Long-term debt - Narrative (Details)			12 Months Ended
Long-term debt - Narrative (Details)	Sep. 22, 2025 USD ($)	Jul. 02, 2025 USD ($)	Dec. 31, 2025 USD ($) Covenant	Dec. 31, 2024 USD ($)
Debt Instrument [Line Items]
Cash and cash equivalents			$ 291,240,000	$ 693,214,000
Number of covenants \| Covenant			1
Unsecured notes			$ 2,540,000,000	$ 3,090,000,000
Amended and Restated Competitive Advance and Revolving Credit Agreement \| Line of Credit \| Revolving Credit Facility
Debt Instrument [Line Items]
Unused borrowing capacity			738,700,000
Maximum borrowing capacity under credit facility			$ 750,000,000
Line of credit facility, expiration date			Jan. 31, 2029
Amended and Restated Competitive Advance and Revolving Credit Agreement \| Line of Credit \| Letter of Credit
Debt Instrument [Line Items]
Letters of credit outstanding			$ 11,300,000
Unsecured notes bearing fixed rate interest at 4.75% due March 2026
Debt Instrument [Line Items]
Repayments of unsecured notes	$ 300,000,000	$ 250,000,000
Unsecured notes	550,000,000	550,000,000
Payment of accrued interest	300,000	3,500,000
Unamortized debt issuance costs	$ 400,000	$ 500,000

Retirement plans - Narrative (Details) - USD ($)	12 Months Ended
Retirement plans - Narrative (Details) - USD ($)	Dec. 31, 2025	Dec. 31, 2024	Nov. 30, 2024	Dec. 31, 2023
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
401(k) employee maximum matching contribution (up to)	50.00%
401(k) employer matching contribution	100.00%
Contributions per employee subject to employer match	4.00%
Compensation expense related to 401(k) contributions	$ 16,400,000	$ 18,700,000		$ 18,600,000
Expenses incurred for multi-employer withdrawal liabilities	$ 0	0		0
AFTRA Plan
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Funded percentage	86.00%
Contribution by employer	$ 2,600,000	2,900,000		$ 2,800,000
AFTRA Plan \| Maximum
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
CBA contribution as a percent of total contribution			5.00%
Retirement Plans
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Actuarial (loss) gain	$ (4,496,000)	$ 14,400,000
Discount rate	5.39%	5.60%		5.20%
Discount rate	5.60%	5.20%		5.50%
Actuarial gain (losses) from change in discount rate	$ (5,800,000)	$ 13,000,000
Cash contributions	$ 5,203,000	$ 7,524,000
Actual rate of return on plan assets (as a percent)	9.90%	2.40%		(10.00%)
Retirement Plans \| Corporate stock
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Target allocation	33.00%
Retirement Plans \| Debt securities
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Target allocation	67.00%
TRP
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Cash contributions	$ 5,100,000	$ 3,700,000
Contributions expected to be made during next fiscal year	8.5
SERP
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Cash contributions		$ 3,700,000
Contributions expected to be made during next fiscal year	$ 9,000,000

Income taxes - Schedule of Cash Paid for Income Taxes, Net of Refunds Received (Details) - USD ($)
$ in Thousands

12 Months Ended

Dec. 31, 2025

Dec. 31, 2024

Dec. 31, 2023

Income Tax Disclosure [Abstract]

Federal taxes

$ 105,592

$ 109,791

$ 112,561

State and local taxes

7,550

24,332

13,577

Total

^[1]

$ 113,142

$ 134,123

$ 126,138

[1]	Includes $71,474 of payments for clean energy tax credits in 2025.

Investments and other assets

12 Months Ended

Dec. 31, 2025

Investments and other assets

NOTE 3 – Investments and other assets

Our investments and other assets consisted of the following as of December 31, 2025 and 2024 (in thousands):


	Dec. 31,
	2025		2024
Cash value life insurance	$	52,584	$	51,860
Equity method investments		15,954		16,280
Other equity investments		25,338		29,020
Debt investment		1,000		7,500
Deferred compensation assets		5,765		6,212
Deferred financing costs		4,629		6,137
Prepaid assets		1,792		5,960
Other long-term assets		6,386		9,568
Total	$	113,448	$	132,537

Cash value life insurance: We are the beneficiary of life insurance policies on the lives of certain employees/retirees, which are recorded at their cash surrender value as determined by the insurance carrier. These policies are utilized as a partial funding source for deferred compensation and other non-qualified employee retirement plan. Gains and losses on these investments are included in “Other non-operating items, net” within our Consolidated Statements of Income and were not material for all periods presented.

Equity method investments: These are investments in entities in which we have significant influence, but do not have a controlling financial interest. Our share of net earnings and losses from these ventures is included in “Other non-operating items, net” in the Consolidated Statements of Income.

Other equity investments: Represent investments in non-public businesses that do not have readily determinable pricing, and for which we do not have control or do not exert significant influence. These investments are either recorded at cost less impairments, if any, plus or minus changes in observable prices for those investments or fair value using the net asset value per share practical expedient. In 2025, we recorded $5.2 million of impairments on two of these investments. The impairment charges were recorded within “Other non-operating items, net ” in the Consolidated Statement of Income.

Debt Investment: Represents an investment in the debt of a private company. In December 2025, we recorded a $6.5 million impairment charge due to the expected uncollectibility of the majority of this investment. The impairment charge was recorded within “Other non-operating items, net” in the Consolidated Statement of Income.

Deferred compensation assets: Consist primarily of investments held in a trust established to fund obligations under TEGNA’s non-qualified deferred compensation plan.

Deferred financing costs: These costs consist of amounts paid to lenders related to our revolving credit facility. Financing costs paid for our unsecured notes are accounted for as a reduction in the debt obligation.

Prepaid assets: These amounts primarily consist of an asset related to a long-term services agreement for IT security.

Cover Page - USD ($)	12 Months Ended
Cover Page - USD ($)	Dec. 31, 2025	Feb. 19, 2026	Jun. 30, 2025
Cover [Abstract]
Document Type	10-K
Document Annual Report	true
Document Period End Date	Dec. 31, 2025
Current Fiscal Year End Date	--12-31
Document Transition Report	false
Entity File Number	1-6961
Entity Registrant Name	TEGNA INC.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	16-0442930
Entity Address, Address Line One	8401 Greensboro Drive, Suite 300
Entity Address, City or Town	McLean
Entity Address, State or Province	VA
Entity Address, Postal Zip Code	22102-5126
City Area Code	(703)
Local Phone Number	873-6600
Title of 12(b) Security	Common Stock, par value $1.00 per share
Trading Symbol	TGNA
Security Exchange Name	NYSE
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
ICFR Auditor Attestation Flag	true
Document Financial Statement Error Correction [Flag]	false
Entity Shell Company	false
Entity Public Float			$ 2,683,112,834
Entity Common Stock, Shares Outstanding		161,907,710
Documents Incorporated by Reference	Information pertaining to Part III of this Form 10-K is incorporated by reference to our 2026 definitive proxy statement or, if not filed within 120 days of December 31, 2025, as an amended report on Form 10-K/A filed in the same time period.
Amendment Flag	false
Document Fiscal Year Focus	2025
Document Fiscal Period Focus	FY
Entity Central Index Key	0000039899

Income taxes - Narrative (Details) - USD ($)	12 Months Ended
Income taxes - Narrative (Details) - USD ($)	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Income Taxes [Line Items]
Loss carryforwards	$ 19,183,000	$ 15,416,000
Deferred tax assets valuation allowance	28,283,000	23,801,000	$ 25,001,000	$ 26,339,000
Decrease in valuation allowance	4,500,000
Unrecognized tax benefits that, if recognized, would impact effective tax rate	2,900,000	3,400,000
Recognized expense/income from the release of penalty reserves	0	800,000	$ 300,000
Accrued interest expense and penalties payable related to unrecognized tax benefits	0	$ 0
State
Income Taxes [Line Items]
Tax credit carryforward	7,600,000
Loss carryforwards	14,800,000
Federal
Income Taxes [Line Items]
Loss carryforwards	$ 3,700,000

Retirement plans

12 Months Ended

Dec. 31, 2025

Retirement Benefits [Abstract]

Retirement plans

NOTE 6 – Retirement plans

We have various defined benefit retirement plans. Our principal defined benefit pension plan is the TEGNA Retirement Plan (TRP). The disclosure tables presented below primarily include the assets and obligations of the TRP and the TEGNA Supplemental Retirement Plan (SERP). We use a December 31 measurement date convention for our retirement plans.

Pension costs, which primarily include costs for our qualified TRP and non-qualified SERP, are presented in the following table (in thousands):


	2025			2024			2023
Interest cost on benefit obligation	$	21,641		$	22,756		$	24,183
Expected return on plan assets		(20,719	)		(22,066	)		(20,940	)
Amortization of prior service cost		90			90			90
Amortization of actuarial loss		5,979			5,942			6,059
Pension settlement charge		—			10,316			—
Expense for company-sponsored retirement plans	$	6,991		$	17,038		$	9,392

The amounts provided above for amortization of prior service costs and actuarial loss represent the reclassification of prior service cost and actuarial losses that were previously recorded in Accumulated Comprehensive Loss on the Consolidated Balance Sheet in prior periods. We record pension settlement charges when aggregate lump-sum payments from the plan exceed the sum of service and interest cost components associated with the plan for the year.

Benefits no longer accrue for TRP and SERP participants as a result of amendments to the plans in the past years, and as such we no longer incur a service cost component of pension expense. All other components of our pension expense presented above are included within the “Other non-operating items, net” line item of the Consolidated Statements of Income.

The following table provides a reconciliation of pension benefit obligations (on a projected benefit obligation measurement basis), plan assets and funded status of company-sponsored retirement plans, along with the related amounts that are recognized in the Consolidated Balance Sheets (in thousands).


	Dec. 31,
	2025			2024
Change in benefit obligations
Benefit obligations as of beginning of year	$	409,822		$	462,466
Interest cost		21,641			22,756
Actuarial loss (gain)		4,496			(14,400	)
Benefits paid		(39,916	)		(32,666	)
Pension settlements (1)		—			(28,334	)
Benefit obligations as of end of year	$	396,043		$	409,822
Change in plan assets
Fair value of plan assets as of beginning of year	$	337,902		$	386,108
Actual gains experienced by plan assets		27,826			5,270
Employer contributions		5,203			7,524
Benefits paid		(39,916	)		(32,666	)
Pension settlements (1)		—			(28,334	)
Fair value of plan assets as of end of year	$	331,015		$	337,902
Funded status as of end of year	$	(65,028	)	$	(71,920	)
Amounts recognized in Consolidated Balance Sheets
Accrued liabilities other—current	$	(8,506	)	$	(5,964	)
Pension liabilities—non-current	$	(56,522	)	$	(65,956	)

(1) Settlements represent lump sum benefit payments to certain TRP participants. When aggregate lump sums exceed the settlement threshold, pension settlement charges are incurred, and the lump sum payments prompting the charge are shown on a separate line from other benefit payments.

The actuarial loss in 2025 of $4.5 million was primarily due to a decrease in the discount rate used to calculate the benefit obligations (which decreased from 5.60% at December 31, 2024 to 5.39% as of December 31, 2025), which resulted in an actuarial loss of $5.8 million.

The actuarial gain in 2024 of $14.4 million was primarily due to an increase in the discount rate used to calculate the benefit obligations (which increased from 5.20% at December 31, 2023 to 5.60% as of December 31, 2024), which resulted in an actuarial gain of $13.0 million.

The funded status (on a projected benefit obligation basis) of our principal retirement plans as of December 31, 2025, is as follows (in thousands):


	Fair Value of Plan Assets		Benefit Obligation		Funded Status
TRP	$	331,015	$	353,632	$	(22,617	)
SERP (1)		—		42,312		(42,312	)
All other		—		99		(99	)
Total	$	331,015	$	396,043	$	(65,028	)

(1) The SERP is an unfunded, unsecured liability.

No TRP contributions were made in 2025 while cash contributions of $3.7 million were made in 2024. We made payments to participants of unfunded pension plans, principally the SERP, of $5.1 million and $3.7 million in 2025 and 2024, respectively. During 2026, we are expecting to make $9.0 million of contributions to the TRP and $8.5 million of contributions to the SERP.

The following table presents information for our retirement plans for which accumulated benefit obligation exceed assets (in thousands):


	Dec. 31,
	2025		2024
Accumulated benefit obligation	$	396,043	$	409,822
Fair value of plan assets	$	331,015	$	337,902

The following table presents information for our retirement plans for which projected benefit obligations exceed assets (in thousands):


	Dec. 31,
	2025		2024
Projected benefit obligation	$	396,043	$	409,822
Fair value of plan assets	$	331,015	$	337,902

The following table summarizes the pre-tax amounts recorded in accumulated other comprehensive loss that have not yet been recognized as a component of pension expense (in thousands):


	Dec. 31,
	2025			2024
Net actuarial losses	$	(136,636	)	$	(145,225	)
Prior service cost		(1,256	)		(1,346	)
Amounts in accumulated other comprehensive loss	$	(137,892	)	$	(146,571	)

Other changes in plan assets and benefit obligations recognized in other comprehensive income (loss), pre-tax, consist of the following (in thousands):


	2025		2024			2023
Current year net actuarial gain (loss)	$	2,607	$	(2,392	)	$	2,356
Amortization of actuarial loss		5,979		5,942			6,059
Amortization of previously deferred prior service costs		90		90			90
Pension settlement charge		—		10,316			—
Total	$	8,676	$	13,956		$	8,505

Pension costs: The following assumptions were used to determine net pension costs:


	2025	2024	2023
Discount rate	5.60%	5.20%	5.50%
Expected return on plan assets	6.50%	6.00%	5.75%

The expected return on plan assets assumption was determined based on plan asset allocations, a review of historical capital market performance, historical plan asset performance and a forecast of expected future plan asset returns.

Benefit obligations and funded status: The following assumptions were used to determine the year-end benefit obligations:


	Dec. 31,
	2025	2024
Discount rate	5.39%	5.60%

Plan assets: The asset allocation for the TRP as of the end of 2025 and 2024, and target allocations for 2026, by asset category, are presented in the table below:


	Target Allocation	Actual allocation of Plan Assets
	2026	2025	2024
Equity securities	33%	33%	20%
Debt securities	67%	67%	80%
Total	100%	100%	100%

The primary objective of company-sponsored retirement plans is to provide eligible employees with scheduled pension benefits. Consistent with standards for preservation of capital and maintenance of liquidity, the goal is to earn the highest possible total rate of return while minimizing risk. The principal means of reducing volatility and exercising prudent investment judgment is diversification by asset class and by investment manager; consequently, portfolios are constructed to attain diversification in the total portfolio and each asset class. Investment diversification is consistent with the intent to minimize the risk of large losses. All objectives are based upon an investment horizon spanning five years so that interim market fluctuations can be viewed with the appropriate perspective. Risk characteristics are measured and compared with an appropriate benchmark quarterly; periodic reviews are made of the investment objectives and the investment managers. The target asset allocation represents the long-term perspective. Retirement plan assets will be rebalanced periodically to align them with the target asset allocations. Target asset allocations are based on the funded status of the TRP (fair value of pension assets as a percentage of the projected pension obligation). During 2025, the target allocation was 33% for equity securities and 67% for debt securities. Our actual investment return on our TRP assets was 9.9% for 2025, 2.4% for 2024 and 10.0% for 2023.

Cash flows: We estimate we will make the following benefit payments from either retirement plan assets or directly from our funds (in thousands):


Future Period	Cash Payments
2026	$	45,973
2027		37,050
2028		36,819
2029		35,446
2030		34,923
2031 through 2035	$	153,306

401(k) savings plan

Substantially all our employees (other than those covered by a collective bargaining agreement) are eligible to participate in our principal defined contribution plan, the TEGNA 401(k) Savings Plan. Employees can elect to contribute up to 50% of their compensation to the plan subject to certain limits.

For most participants, the plan’s 2025 matching formula was 100% of the first 4% of compensation that an employee contributes, up to a cap. We also made additional employer contributions on behalf of certain long-term employees. Compensation expense related to 401(k) contributions was $16.4 million in 2025, $18.7 million in 2024 and $18.6 million in 2023. We settle the 401(k) employer match obligation by issuing our common stock from treasury stock and depositing it in the participants’ accounts.

Multi-employer plan

We contribute to the AFTRA Retirement Plan (AFTRA Plan), a multi-employer defined benefit pension plan, under the terms of collective-bargaining agreements (CBA) that cover certain union-represented employees. The Employee Identification Number (EIN) and three-digit plan number of the AFTRA Plan is 13-6414972/001.

The AFTRA Plan reports for plan year December 1, 2023 to November 30, 2024 that the AFTRA Plan was neither in endangered, critical, or critical and declining status in the Plan Year (e.g., approximately 86% funded). A financial improvement plan or a rehabilitation plan is neither pending nor has one been implemented for the AFTRA Plan.

We make all required contributions to the AFTRA plan as determined under the respective CBAs. We contributed $2.6 million in 2025, $2.9 million in 2024 and $2.8 million in 2023. Our contribution to the AFTRA Retirement Plan represented less than 5% of total contributions to the plan. This calculation is based on the plan financial statements issued for the period ending November 30, 2024.

Expiration dates of the SAG-AFTRA CBAs in place range from May 11, 2026 to January 24, 2027. The AFTRA Plan has elected to utilize special amortization provisions provided under the Preservation of Access to Care for Medicare Beneficiaries and Pension Relief Act of 2010.

We incurred no expenses for multi-employer withdrawal liabilities for the years ended December 31, 2025, 2024 and 2023.

The entire disclosure for retirement benefits.

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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Unusual or Infrequent Items, or Both [Abstract]

Asset impairment and other - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Jun. 30, 2023	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Unusual or Infrequent Items, or Both [Abstract]
Contract termination		$ 0	$ 1,097	$ 0
Programming rights impairment	$ 3,400	$ 0	$ 0	$ 3,359

Income taxes - Schedule of Activity Related to Unrecognized Tax Benefits, Excluding Federal Tax Benefit of State Tax Deductions (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Change in unrecognized tax benefits
Balance at beginning of year	$ 4,236	$ 6,645	$ 7,725
Additions based on tax positions related to the current year	99	123	0
Additions for tax positions of prior years	0	123	151
Reductions of tax positions of prior years	(131)	(378)	(680)
Settlements	(151)	(1,710)	0
Reductions due to lapse of statutes of limitations	(498)	(567)	(551)
Balance as of end of year	$ 3,555	$ 4,236	$ 6,645

Asset impairment and other

12 Months Ended

Dec. 31, 2025

Asset impairment and other

NOTE 10 – Asset impairment and other

As events occur, or circumstances change, we may recognize non-cash impairment charges to reduce the book value of intangible and other long-lived assets or to record charges (gains) related other efforts, or other unique events.

A summary of these items by year (pre-tax basis) is presented below (in thousands):


	2025		2024		2023
Contractual termination	$	—	$	1,097	$	—
Programming rights impairment		—		—		3,359
Total asset impairment and other	$	—	$	1,097	$	3,359

Contract termination: In 2024, we incurred a $1.1 million charge associated with contract termination related to bringing our national sales organization in-house.

Programming rights impairment: In the second quarter of 2023, a $3.4 million impairment charge was recognized on programming assets.

Goodwill and other intangible assets - Schedule of Finite-Lived Intangible Assets, Future Amortization Expense (Details) $ in Thousands	Dec. 31, 2025 USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]
2026	$ 31,310
2027	21,457
2028	20,524
2029	14,200
2030	13,452
Thereafter	48,751
Total	$ 149,694

Income taxes - Schedule of Provision (Benefit) for Income Taxes on Income Consists (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Current
Federal	$ 51,340	$ 154,621	$ 96,816
State and other	3,359	23,130	13,646
Total	54,699	177,751	110,462
Deferred
Federal	13,803	120	14,240
State and other	823	(3,927)	5,497
Total	14,626	(3,807)	19,737
Total
Federal	65,143	154,741	111,056
State and other	4,182	19,203	19,143
Total	$ 69,325	$ 173,944	$ 130,199

Leases

12 Months Ended

Dec. 31, 2025

Leases [Abstract]

Leases

NOTE 7 - Leases

We determine if an arrangement contains a lease at the agreement’s inception. Our portfolio of leases primarily consists of leases for the use of corporate offices, station facilities, equipment and for antenna/transmitter sites. Our lease portfolio consists entirely of operating leases, with most of our leases having remaining terms of less than 15 years. Operating lease balances are included in our right-of-use assets, other accrued liabilities and operating lease liabilities on our Consolidated Balance Sheets.

Lease liabilities are calculated as of the lease commencement date based on the present value of lease payments to be made over the term of the lease. Our lease agreements often contain lease and non-lease components (e.g., common-area maintenance or other executory costs). We include the non-lease payments in the calculation of our lease liabilities to the extent they are either fixed or included within the fixed base rental payments. Some of our leases include variable lease components (e.g., rent increases based on the consumer price index) and variable non-lease components, which are expensed as they are incurred. Such variable costs are not material. The interest rate implicit in our lease contracts is typically not readily determinable. As a result, we use our estimated incremental borrowing rate in determining the present value of future payments, which reflects the fixed rate at which we could borrow on a collateralized basis the amount of the lease payments for a similar term.

The operating lease right-of-use asset as of the lease commencement date is calculated based on the amount of the operating lease liability, less any lease incentive. Some of our lease agreements include options to renew for additional terms or provide us with the ability to terminate the lease early. In determining the term of the lease, we consider whether or not we are reasonably certain to exercise these options. Lease expense for fixed lease payments is recognized on a straight-line basis over the lease term.

The following table presents lease related assets and liabilities on the Consolidated Balance Sheets as of December 31, 2025 and 2024 (in thousands):


	Dec. 31,
	2025		2024
Assets
Right of use assets for operating leases	$	65,071	$	63,535

Liabilities
Operating lease liabilities (current)1	$	10,739	$	10,483
Operating lease liabilities (non-current)		59,981		63,421
Total operating lease liabilities	$	70,720	$	73,904

(1) Current operating lease liabilities are included within the other accrued liabilities line item of the Consolidated Balance Sheets.

As of both December 31, 2025 and 2024, the weighted-average remaining lease term for our lease portfolio was 6.9 years and the weighted average discount rate used to calculate the present value of our lease liabilities was 5.2% as of the end of both periods.

For the years ended December 31, 2025, 2024 and 2023, we recognized lease expense of $13.9 million, $15.6 million, and $16.2 million respectively. In addition, in 2025, 2024 and 2023, we made cash payments for operating leases of $20.1 million, $16.7 million and $17.1 million, respectively, which are included in cash flows from operating activities on the Consolidated Statements of Cash Flows.


Future Period	Cash Payments
2026	$	15,372
2027		14,106
2028		13,527
2029		12,302
2030		9,912
Thereafter		22,582
Total lease payments		87,801
Less: amount of lease payments representing interest		17,081
Present value of lease liabilities	$	70,720

Retirement plans (Tables)

12 Months Ended

Dec. 31, 2025

Retirement Benefits [Abstract]

Schedule of Pension Costs

Pension costs, which primarily include costs for our qualified TRP and non-qualified SERP, are presented in the following table (in thousands):


	2025			2024			2023
Interest cost on benefit obligation	$	21,641		$	22,756		$	24,183
Expected return on plan assets		(20,719	)		(22,066	)		(20,940	)
Amortization of prior service cost		90			90			90
Amortization of actuarial loss		5,979			5,942			6,059
Pension settlement charge		—			10,316			—
Expense for company-sponsored retirement plans	$	6,991		$	17,038		$	9,392

Schedule of Changes in Projected Benefit Obligations


	Dec. 31,
	2025			2024
Change in benefit obligations
Benefit obligations as of beginning of year	$	409,822		$	462,466
Interest cost		21,641			22,756
Actuarial loss (gain)		4,496			(14,400	)
Benefits paid		(39,916	)		(32,666	)
Pension settlements (1)		—			(28,334	)
Benefit obligations as of end of year	$	396,043		$	409,822
Change in plan assets
Fair value of plan assets as of beginning of year	$	337,902		$	386,108
Actual gains experienced by plan assets		27,826			5,270
Employer contributions		5,203			7,524
Benefits paid		(39,916	)		(32,666	)
Pension settlements (1)		—			(28,334	)
Fair value of plan assets as of end of year	$	331,015		$	337,902
Funded status as of end of year	$	(65,028	)	$	(71,920	)
Amounts recognized in Consolidated Balance Sheets
Accrued liabilities other—current	$	(8,506	)	$	(5,964	)
Pension liabilities—non-current	$	(56,522	)	$	(65,956	)

Schedule of Net Funded Status

The funded status (on a projected benefit obligation basis) of our principal retirement plans as of December 31, 2025, is as follows (in thousands):


	Fair Value of Plan Assets		Benefit Obligation		Funded Status
TRP	$	331,015	$	353,632	$	(22,617	)
SERP (1)		—		42,312		(42,312	)
All other		—		99		(99	)
Total	$	331,015	$	396,043	$	(65,028	)

(1) The SERP is an unfunded, unsecured liability.

Schedule of Accumulated Benefit Obligations in Excess of Fair Value of Plan Assets

The following table presents information for our retirement plans for which accumulated benefit obligation exceed assets (in thousands):


	Dec. 31,
	2025		2024
Accumulated benefit obligation	$	396,043	$	409,822
Fair value of plan assets	$	331,015	$	337,902

Schedule of Benefit Obligations in Excess of Fair Value of Plan Assets

The following table presents information for our retirement plans for which projected benefit obligations exceed assets (in thousands):


	Dec. 31,
	2025		2024
Projected benefit obligation	$	396,043	$	409,822
Fair value of plan assets	$	331,015	$	337,902

Schedule of Net Periodic Benefit Cost Not Yet Recognized

The following table summarizes the pre-tax amounts recorded in accumulated other comprehensive loss that have not yet been recognized as a component of pension expense (in thousands):


	Dec. 31,
	2025			2024
Net actuarial losses	$	(136,636	)	$	(145,225	)
Prior service cost		(1,256	)		(1,346	)
Amounts in accumulated other comprehensive loss	$	(137,892	)	$	(146,571	)

Schedule of Defined Benefit Plan Amounts Recognized in Other Comprehensive Income (Loss)

Other changes in plan assets and benefit obligations recognized in other comprehensive income (loss), pre-tax, consist of the following (in thousands):


	2025		2024			2023
Current year net actuarial gain (loss)	$	2,607	$	(2,392	)	$	2,356
Amortization of actuarial loss		5,979		5,942			6,059
Amortization of previously deferred prior service costs		90		90			90
Pension settlement charge		—		10,316			—
Total	$	8,676	$	13,956		$	8,505

Schedule of Assumptions Used

Pension costs: The following assumptions were used to determine net pension costs:


	2025	2024	2023
Discount rate	5.60%	5.20%	5.50%
Expected return on plan assets	6.50%	6.00%	5.75%

Schedule of Assumptions Used in Calculating Pension Benefit Obligations Table

The following assumptions were used to determine the year-end benefit obligations:


	Dec. 31,
	2025	2024
Discount rate	5.39%	5.60%

Schedule of Allocation of Plan Assets

The asset allocation for the TRP as of the end of 2025 and 2024, and target allocations for 2026, by asset category, are presented in the table below:


	Target Allocation	Actual allocation of Plan Assets
	2026	2025	2024
Equity securities	33%	33%	20%
Debt securities	67%	67%	80%
Total	100%	100%	100%

Schedule of Expected Benefit Payments

We estimate we will make the following benefit payments from either retirement plan assets or directly from our funds (in thousands):


Future Period	Cash Payments
2026	$	45,973
2027		37,050
2028		36,819
2029		35,446
2030		34,923
2031 through 2035	$	153,306

Pay vs Performance Disclosure - USD ($) $ in Thousands	12 Months Ended
Pay vs Performance Disclosure - USD ($) $ in Thousands	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Pay vs Performance Disclosure
Net Income (Loss)	$ 219,856	$ 599,818	$ 476,724

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

Reference 1: http://www.xbrl.org/2003/role/exampleRef
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Retirement plans - Schedule of Allocation of Plan Assets (Details) - Retirement Plans	Dec. 31, 2026	Dec. 31, 2025	Dec. 31, 2024
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Actual allocation of Plan Assets		100.00%	100.00%
Scenario Forecast
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Target Allocation	100.00%
Equity securities
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Target Allocation		33.00%
Actual allocation of Plan Assets		33.00%	20.00%
Equity securities \| Scenario Forecast
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Target Allocation	33.00%
Debt securities
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Target Allocation		67.00%
Actual allocation of Plan Assets		67.00%	80.00%
Debt securities \| Scenario Forecast
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Target Allocation	67.00%

Other matters - Narrative (Details)

1 Months Ended

12 Months Ended

May 26, 2023

USD ($)

Preliminaryapproval

Oct. 03, 2018

Defendant

Jun. 30, 2019

Defendant

Dec. 13, 2018

Defendant

Dec. 31, 2025

USD ($)

Dec. 31, 2024

USD ($)

Dec. 31, 2023

USD ($)

Equity And Debt Investment | Related Party

^[1]

$ 1,730,843,000

$ 1,756,115,000

$ 1,718,857,000

Accounts receivable

603,522,000

604,300,000

Two Customers | Sales Revenue | Customer Concentration Risk

700,000

58,100,000

$ 90,600,000

Accounts receivable

$ 100,000

Accounts payable

400,000

Customer One | Sales Revenue | Customer Concentration Risk

Percentage of revenue

10.00%

Customer Two | Sales Revenue | Customer Concentration Risk

Revenues

$ 361,100,000

$ 386,900,000

$ 415,400,000

One Customer | Sales Revenue | Customer Concentration Risk

Revenues

$ 273,800,000

$ 300,500,000

Clay, Massey & Associates, P.C. v. Gray Television

Percentage of revenue

10.00%

Number of other broadcasters settling DOJ complaint (defendant) | Defendant

Number of co defendants | Preliminaryapproval

Settlement amount

$ 0

Loss contingency, damages sought, value

$ 48,000,000

Loss contigency, settlement agreement date, approved by court

Dec. 31, 2023

Settled Litigation

Number of other broadcasters settling DOJ complaint (defendant) | Defendant

[1]	Cost of revenues exclude charges for depreciation and amortization expense, which are shown separately above.

Long-term debt - Schedule of Long-Term Debt (Details) - USD ($) $ in Thousands	Dec. 31, 2025	Sep. 22, 2025	Jul. 02, 2025	Dec. 31, 2024
Debt Instrument [Line Items]
Total principal long-term debt	$ 2,540,000			$ 3,090,000
Debt issuance costs	(11,767)			(17,285)
Unamortized premiums	2,354			3,736
Total long-term debt	$ 2,530,587			$ 3,076,451
Unsecured notes bearing fixed rate interest at 4.75% due March 2026
Debt Instrument [Line Items]
Total principal long-term debt		$ 550,000	$ 550,000
Unsecured notes bearing fixed rate interest at 4.75% due March 2026 \| Senior Notes
Debt Instrument [Line Items]
Stated interest rate (as a percent)				4.75%
Total principal long-term debt				$ 550,000
Unsecured notes bearing fixed rate interest at 7.75% due June 2027 \| Senior Notes
Debt Instrument [Line Items]
Stated interest rate (as a percent)	7.75%			7.75%
Total principal long-term debt	$ 200,000			$ 200,000
Unsecured notes bearing fixed rate interest at 7.25% due September 2027 \| Senior Notes
Debt Instrument [Line Items]
Stated interest rate (as a percent)	7.25%			7.25%
Total principal long-term debt	$ 240,000			$ 240,000
Unsecured notes bearing fixed rate interest at 4.625% due March 2028 \| Senior Notes
Debt Instrument [Line Items]
Stated interest rate (as a percent)	4.625%			4.625%
Total principal long-term debt	$ 1,000,000			$ 1,000,000
Unsecured notes bearing fixed rate interest at 5.00% due September 2029 \| Senior Notes
Debt Instrument [Line Items]
Stated interest rate (as a percent)	5.00%			5.00%
Total principal long-term debt	$ 1,100,000			$ 1,100,000

Leases - Narrative (Details) - USD ($) $ in Millions	12 Months Ended
Leases - Narrative (Details) - USD ($) $ in Millions	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Lessee, Lease, Description [Line Items]
Weighted-average remaining lease term for lease portfolio (in years)	6 years 10 months 24 days	6 years 10 months 24 days
Weighted average discount rate (as a percent)	5.20%	5.20%
Lease expense	$ 13.9	$ 15.6	$ 16.2
Cash payments for operating leases	$ 20.1	$ 16.7	$ 17.1
Maximum
Lessee, Lease, Description [Line Items]
Remaining lease term	15 years

Long-term debt - Schedule of Annual Maturities (Details) - USD ($) $ in Thousands	Dec. 31, 2025	Dec. 31, 2024
Debt Disclosure [Abstract]
2026	$ 0
2027	440,000
2028	1,000,000
2029	1,100,000
2030	0
Thereafter	0
Total	$ 2,540,000	$ 3,090,000

Retirement plans - Schedule of Pension Costs (Details) - Retirement Plans - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Defined Benefit Plan Disclosure [Line Items]
Interest cost on benefit obligation	$ 21,641	$ 22,756	$ 24,183
Expected return on plan assets	(20,719)	(22,066)	(20,940)
Amortization of prior service cost	90	90	90
Amortization of actuarial loss	5,979	5,942	6,059
Pension settlement charge	0	10,316	0
Expense for (income from) company-sponsored retirement plans	$ 6,991	$ 17,038	$ 9,392

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

Audit Information	12 Months Ended
Audit Information	Dec. 31, 2025
Auditor Information [Abstract]
Auditor Firm ID	238
Auditor Name	PricewaterhouseCoopers LLP
Auditor Location	Washington, District of Columbia
Auditor Opinion [Text Block]	Opinions on the Financial Statements and Internal Control over Financial Reporting We have audited the accompanying consolidated balance sheets of TEGNA Inc. and its subsidiaries (the "Company") as of December 31, 2025 and 2024, and the related consolidated statements of income, of comprehensive income, of equity and redeemable noncontrolling interest and of cash flows for each of the three years in the period ended December 31, 2025, including the related notes (collectively referred to as the "consolidated financial statements"). We also have audited the Company's internal control over financial reporting as of December 31, 2025, based on criteria established in Internal Control - Integrated Framework (2013) issued by the Committee of Sponsoring Organizations of the Treadway Commission (COSO). In our opinion, the consolidated financial statements referred to above present fairly, in all material respects, the financial position of the Company as of December 31, 2025 and 2024, and the results of its operations and its cash flows for each of the three years in the period ended December 31, 2025 in conformity with accounting principles generally accepted in the United States of America. Also in our opinion, the Company maintained, in all material respects, effective internal control over financial reporting as of December 31, 2025, based on criteria established in Internal Control - Integrated Framework (2013) issued by the COSO.

Retirement plans - Schedule of Net Funded Status (Details) - USD ($) $ in Thousands	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Fair Value of Plan Assets	$ 331,015
Benefit Obligation	396,043
Funded Status	(65,028)
Retirement Plans
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Fair Value of Plan Assets	331,015	$ 337,902	$ 386,108
Benefit Obligation	396,043	409,822	$ 462,466
Funded Status	(65,028)	$ (71,920)
SERP
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Fair Value of Plan Assets	0
Benefit Obligation	42,312
Funded Status	(42,312)
All other
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Fair Value of Plan Assets	0
Benefit Obligation	99
Funded Status	(99)
TRP \| Retirement Plans
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Fair Value of Plan Assets	331,015
Benefit Obligation	353,632
Funded Status	$ (22,617)

Amount of asset segregated and restricted to provide benefit under defined benefit plan. Asset includes, but is not limited to, stock, bond, other investment, earning from investment, and contribution by employer and employee.

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-Subparagraph (b)
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Goodwill and Intangible Assets Disclosure [Abstract]

Leases - Schedule of Future Rent Payments on Lease Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2025	Dec. 31, 2024
Cash Payments
2026	$ 15,372
2027	14,106
2028	13,527
2029	12,302
2030	9,912
Thereafter	22,582
Total lease payments	87,801
Less: amount of lease payments representing interest	17,081
Present value of lease liabilities	$ 70,720	$ 73,904

CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Dec. 31, 2025	Dec. 31, 2024
Statement of Financial Position [Abstract]
Allowance for doubtful accounts receivable	$ 3,510	$ 2,831
Accumulated amortization	$ 220,522	$ 185,175
Common stock, par value (in dollars per share)	$ 1	$ 1
Common stock, authorized (in shares)	800,000,000	800,000,000
Common stock, issued (in shares)	168,168,632	324,418,632
Treasury stock (in shares)	7,103,970	164,520,591

Goodwill and other intangible assets

12 Months Ended

Dec. 31, 2025

Goodwill and other intangible assets

NOTE 2 – Goodwill and other intangible assets

We operate as one operating and reportable segment which includes a goodwill balance of $3.02 billion as of both December 31, 2025 and 2024.

The following table displays indefinite-lived intangible assets and amortizable intangible assets as of December 31, 2025 and 2024 (in thousands):


	Gross		Accumulated Amortization			Net
Dec. 31, 2025
Indefinite-lived intangibles:
Television and radio station FCC broadcast licenses	$	2,124,106	$	—		$	2,124,106
Amortizable intangible assets:
Network affiliation agreements		266,018		(143,247	)		122,771
Other		104,198		(77,275	)		26,923
Total indefinite-lived and amortizable intangible assets	$	2,494,322	$	(220,522	)	$	2,273,800

Dec. 31, 2024
Indefinite-lived intangibles:
Television and radio station FCC broadcast licenses	$	2,124,731	$	—		$	2,124,731
Amortizable intangible assets:
Network affiliation agreements		266,018		(122,539	)		143,479
Other		104,198		(62,636	)		41,562
Total indefinite-lived and amortizable intangible assets	$	2,494,947	$	(185,175	)	$	2,309,772

Our retransmission agreements and network affiliation agreements are amortized on a straight-line basis over their estimated useful lives. Other intangibles primarily include distribution agreements from our multicast networks acquisition and acquired technology from our acquisition of Octillion Media, discussed below, which are also amortized on a straight-line basis over their useful lives.

On January 31, 2024, Premion, LLC acquired substantially all the assets of Octillion Media, a demand-side advertising platform focused on local CTV/streaming apps advertising. The acquisition expanded Premion’s capabilities in the growing CTV marketplace by combining Octillion’s technology with Premion’s local CTV/streaming app advertising solution.

The base purchase price of the acquisition was $56.0 million plus an adjustment for working capital and a maximum earnout of $14.0 million that the sellers were entitled to receive if the Octillion Media business achieved three separate technological and financial milestones during a defined period following the closing. In 2024, the Octillion Media business achieved the performance milestones contemplated by the first earnout, and as a result we paid $4.7 million of additional consideration to the sellers.

In 2025, we made a final earnout payment of $6.4 million to the previous owners of Octillion Media as a result of achievements related to the second and third earnout requirements under the purchase agreement signed by the parties. Additionally in 2025, we also paid $1.7 million of purchase price holdbacks that had been retained under the purchase agreement. There are no remaining earnouts or holdbacks related to the Octillion acquisition.

The following table shows the projected annual amortization expense related to amortizable intangible assets existing as of December 31, 2025 (in thousands):


2026	$	31,310
2027		21,457
2028		20,524
2029		14,200
2030		13,452
Thereafter		48,751
Total	$	149,694

Shareholders' equity - Schedule of Stock-Based Compensation Related Amounts Recognized in the Consolidated Statements of Income for Equity Awards (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation	$ 26,178	$ 38,532	$ 24,497
Total income tax benefit	9,042	8,236	9,072
Employee awards stock-based compensation net of tax	17,136	30,296	15,425
RSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation	14,342	29,544	20,931
RSAs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation	4,556
PSAs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation	$ 7,280	$ 8,988	$ 3,566

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

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Shareholders' equity - Schedule of Reclassification out of Accumulated Other Comprehensive Loss (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Total reclassifications, before tax	$ 5,166	$ 16,347	$ 5,590
Income tax effect	(1,466)	(4,205)	(1,436)
Total reclassifications, net of tax	3,700	12,142	4,154
Amortization of prior service (credit) cost, net
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Total reclassifications, before tax	(235)	90	(464)
Amortization of actuarial loss
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Total reclassifications, before tax	5,961	5,941	6,054
Pension settlement charge
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Total reclassifications, before tax	0	10,316	0
Foreign currency
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Total reclassifications, before tax	(560)	0	0
Total reclassifications, net of tax	$ (532)	$ 0	$ 0

Amount after tax of reclassification adjustments of other comprehensive income (loss).

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Insider Trading Arrangements	3 Months Ended
Insider Trading Arrangements	Dec. 31, 2025
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
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Shareholders' equity

12 Months Ended

Dec. 31, 2025

Equity [Abstract]

Shareholders' equity

NOTE 9 – Shareholders’ equity

As of December 31, 2025, and 2024, our authorized capital was comprised of 800 million shares of common stock and 2 million shares of preferred stock. No shares of preferred stock were issued or outstanding as of December 31, 2025 or 2024. As of December 31, 2025, shareholders’ equity of TEGNA included 161.1 million common shares that were outstanding (net of 7.1 million shares of common stock held in treasury). As of December 31, 2024, shareholders’ equity of TEGNA included 159.9 million common shares that were outstanding (net of 164.5 million shares of common stock held in treasury). The decline in treasury stock is primarily due to the share retirement that occurred in the fourth quarter of 2025. See Note 1 for additional information.

Capital stock and earnings per share

We report earnings per share on two bases, basic and diluted. All basic earnings per share amounts are based on the weighted average number of common shares outstanding during the year. The calculation of diluted earnings per share includes the dilutive effects for the assumed vesting of outstanding restricted stock units, restricted stock awards and performance share awards. The diluted earnings per share amounts exclude the effects of approximately 30 thousand and 270 thousand stock awards for 2025 and 2024, respectively, as their inclusion would be accretive to earnings per share.

Our earnings per share (basic and diluted) for 2025, 2024, and 2023 are presented below (in thousands, except per share amounts):


	2025			2024			2023
Net income	$	219,472		$	599,043		$	476,347
Net loss attributable to the noncontrolling interest		384			775			377
Adjustment of redeemable noncontrolling interest to redemption value		(912	)		(2,280	)		(1,771	)
Earnings available to common shareholders	$	218,944		$	597,538		$	474,953

Weighted average number of common shares outstanding - basic		161,416			168,434			207,594
Effect of dilutive securities:
Restricted stock units		802			603			220
Restricted stock awards		13			—			—
Performance share awards		134			128			133
401(k) match shares		455			—			—
Weighted average number of common shares outstanding - diluted		162,820			169,165			207,947

Earnings per share - basic	$	1.36		$	3.55		$	2.29

Earnings per share - diluted	$	1.34		$	3.53		$	2.28

Historically, we made matching contributions to eligible employees participating in our 401(k) plan on a bi-weekly basis. We amended the 401(k) plan effective January 1, 2025 so that, as of that date we will make annual matching contributions to eligible employees in the first quarter of the following year, meaning that matching contributions earned in 2025 were made in a lump sum in the form of TEGNA shares to eligible employees in the first quarter of 2026. We have included the dilutive impact of the 401(k) match that has been earned, but not yet contributed, in the dilutive shares calculation above.

Share repurchases

On June 2, 2023, we entered into an accelerated share repurchase program (the first ASR) with JPMorgan Chase Bank, National Association (JPMorgan). Under the terms of the first ASR, we repurchased $300 million in TEGNA common stock from JPMorgan, with an initial delivery of approximately 15.2 million shares received on June 6, 2023, representing 80% ($240 million) of the value of the first ASR contract. The first ASR program was completed in August 2023 at which time JPMorgan delivered an additional 3.1 million shares to us. The final share settlement was based on the average daily volume-weighted average price of TEGNA shares during the term of the first ASR program, less a discount, less the previously delivered 15.2 million shares.

In the third quarter of 2023, 1.7 million shares were repurchased at an average share price of $15.96 for an aggregate cost of $27.9 million. These shares were repurchased under the share repurchase program that the Board of Directors authorized in December 2020 and expired on December 31, 2023.

On November 9, 2023, we entered into a second accelerated share repurchase (the second ASR) program with JPMorgan. Under the terms of the second ASR, we repurchased $325 million in TEGNA common stock from JPMorgan, with an initial delivery of approximately 17.3 million shares received on November 13, 2023, representing 80% ($260 million) of the value of the second ASR contract. The second ASR program was completed in February 2024, at which time JPMorgan delivered an additional 4.0 million shares to us. The final share settlement was based on the average daily volume-weighted average price of TEGNA shares during the term of the second ASR program, less a discount, less the previously delivered 17.3 million shares.

In December 2023, our Board of Directors authorized a share repurchase program for up to $650.0 million of our common stock through December 31, 2025. In 2024, we repurchased 18.6 million shares under this program at an average share price of $14.79 for an aggregate cost of $274.8 million. We did not repurchase any shares under the repurchase program in 2025, and the December 2023 share repurchase program expired. Under the terms of the Merger Agreement, TEGNA is not permitted to repurchase its common stock during the pendency of the Merger.

Employee Awards Stock-Based Compensation Plans

In April 2020, our shareholders approved the adoption of the TEGNA Inc. 2020 Omnibus Incentive Compensation Plan (the Omnibus Plan). The Omnibus Plan reserved for the issuance of an additional 20.0 million shares of our common stock. The Omnibus Plan provides for the granting of stock options, stock appreciation rights, restricted stock, restricted stock units (RSUs), PSAs, and other equity-based and cash-based awards. Awards may be granted to our employees and members of the Board of Directors. The Omnibus Plan provides that shares of common stock subject to awards granted become available again for issuance if such awards are canceled or forfeited.

Performance share awards (PSA) program - The Leadership Development and Compensation Committee (LDCC) of the Board of Directors has established a long-term incentive performance share program for certain of our executives under the Plan. The number of shares earned under the PSAs program is determined based on the achievement of certain financial performance criteria (specifically, adjusted EBITDA and free cash flow as a percent of revenue, as defined by the PSA agreement) over a two-year cumulative financial performance period. If the financial performance criteria are met and certified by the LDCC, the shares earned under the PSA will be subject to an additional one-year service period before the common stock is released to the participating employees. The PSAs do not pay dividends or allow voting rights during the three-year incentive period. Therefore, the fair value of the PSA is the quoted market value of our stock on the grant date less the present value of the expected dividends not received during the relevant performance period. The PSA provides the LDCC with limited discretion to make adjustments to the financial targets to ensure consistent year-to-year comparison for the performance criteria. For expense recognition, in the period it becomes probable that the minimum performance criteria specified in the PSA will be achieved, we recognize expense, net of estimated forfeitures, for the proportionate share of the total fair value of the shares subject to the PSA related to the vesting period that has already lapsed. During each reporting period during the two-year performance period, we adjust the fair value of the PSAs to the quoted market value of our stock price. In the event we determine it is no longer probable that we will achieve the minimum performance criteria specified in the PSA, we reverse all the previously recognized compensation expense in the period such a determination is made.

Restricted stock units (RSU) program - We also issue stock-based compensation to eligible employees in the form of RSUs. These awards generally entitle employees to receive at the end of a specified vesting period one share of common stock for each RSU granted, conditioned on continued employment for the relevant vesting period. In most cases, the vesting period is typically four years and RSUs vest 25% per year and settle annually. RSUs do not pay dividends or confer voting rights in respect of the underlying common stock during the vesting period. RSUs are valued based on the fair value of our common stock on the date of grant less the present value of the expected dividends not received during the relevant vesting period. The fair value of the RSU, less estimated forfeitures, is recognized as compensation expense ratably over the vesting period.

Restricted stock awards (RSA) program - We issued RSAs to certain employees in the fourth quarter of 2025 to replace certain RSU awards of those employees, which were simultaneously cancelled. These awards entitle employees to receive at the end of a specified vesting period (which was identical to the vesting period for the corresponding award that was cancelled) one share of common stock for each RSA granted, conditioned on continued employment for the relevant vesting period. These RSAs vest 25% per year and settle annually. RSAs pay dividends and confer voting rights in respect of the underlying common stock during the vesting period. RSAs are valued based on the fair value of our common stock on the date of grant. The fair value of the RSA is recognized as compensation expense ratably over the vesting period.

We generally grant both RSUs and PSAs annually to eligible employees in the first quarter of each year. RSAs are granted on a discretionary basis.

Employee Awards Stock-based Compensation Expense: The following table shows the stock-based compensation related amounts recognized in the Consolidated Statements of Income for equity awards (in thousands):


	2025		2024		2023
RSUs	$	14,342	$	29,544	$	20,931
RSAs		4,556		—		—
PSAs		7,280		8,988		3,566
Total employee awards stock-based compensation		26,178		38,532		24,497
Total income tax benefit		9,042		8,236		9,072
Employee awards stock-based compensation net of tax	$	17,136	$	30,296	$	15,425

RSUs: As of December 31, 2025, there was $23.3 million of unrecognized compensation cost related to unvested RSUs. This amount will be adjusted for future changes in estimated forfeitures and recognized on a straight-line basis over a weighted average period of 2.5 years. A summary of the RSUs activity is presented below:


	2025					2024					2023
RSU	Shares			Weighted average fair value		Shares			Weighted average fair value		Shares			Weighted average fair value
Unvested at beginning of year		3,487,234		$	15.39		3,465,380		$	17.12		2,543,732		$	17.80
Granted		1,466,264			17.01		2,060,749			13.43		2,289,278			16.09
Vested		(1,570,205	)		16.15		(1,683,051	)		16.44		(1,122,923	)		16.41
Cancelled		(1,336,530	)		15.43		(355,844	)		15.99		(244,707	)		17.78
Unvested at end of year		2,046,763		$	15.94		3,487,234		$	15.39		3,465,380		$	17.12

RSAs: As of December 31, 2025, there was $8.8 million of unrecognized compensation cost related to unvested RSAs. This amount will be adjusted for future changes in estimated forfeitures and recognized on a straight-line basis over a weighted average period of 1.6 years. A summary of the RSAs activity is presented below:


	2025					2024				2023
RSA	Shares			Weighted average fair value		Shares		Weighted average fair value		Shares		Weighted average fair value
Unvested at beginning of year		—		$	—		—	$	—		—	$	—
Granted		833,157			16.03		—		—		—		—
Vested1		(428,208	)		15.96		—		—		—		—
Cancelled		—			—		—		—		—		—
Unvested at end of year		404,949		$	16.11		—	$	—		—	$	—

1 Vested RSAs are related to shares retained for tax withholding.

PSAs: As of December 31, 2025, there was $10.7 million of unrecognized compensation cost related to non-vested PSAs (holding valuation inputs as of December 31, 2025 constant). This amount will be recognized as expense over a weighted average period of 1.9 years. A summary of the PSAs activity is presented below:


	2025					2024					2023
PSA	Shares			Weighted average fair value		Shares			Weighted average fair value		Shares			Weighted average fair value
Unvested at beginning of year		1,335,345		$	14.22		948,021		$	18.16		986,104		$	18.18
Granted		549,905			16.66		1,132,073			12.72		642,413			16.33
Vested		(431,386	)		16.77		(604,102	)		16.72		(564,159	)		16.21
Cancelled		(293,653	)		13.32		(140,647	)		15.23		(116,337	)		18.25
Unvested at end of year		1,160,211		$	14.48		1,335,345		$	14.22		948,021		$	18.16

Accumulated other comprehensive loss

The elements of our Accumulated Other Comprehensive Loss (AOCL) principally consisted of pension, retiree medical and life insurance liabilities, foreign currency translation and an unrealized gain on our available-for-sale investment. The following tables summarize the components of, and changes in AOCL, net of tax (in thousands):


2025	Retirement Plans			Foreign Currency Translation(1)			Total
Balance at beginning of year	$	(107,176	)	$	532		$	(106,644	)
Other comprehensive income before reclassifications		991			—			991
Amounts classified from AOCL		4,232			(532	)		3,700
Balance at end of year	$	(101,953	)	$	—		$	(101,953	)


2024	Retirement Plans			Foreign Currency Translation(1)		Total
Balance at beginning of year	$	(120,142	)	$	532	$	(119,610	)
Other comprehensive income before reclassifications		824			—		824
Amounts classified from AOCL		12,142			—		12,142
Balance at end of year	$	(107,176	)	$	532	$	(106,644	)


2023	Retirement Plans			Foreign Currency Translation(1)		Total
Balance at beginning of year	$	(126,065	)	$	532	$	(125,533	)
Other comprehensive loss before reclassifications		1,769			—		1,769
Amounts classified from AOCL		4,154			—		4,154
Balance at end of year	$	(120,142	)	$	532	$	(119,610	)

(1) Our entire foreign currency translation adjustment is related to our CareerBuilder investment. We previously recorded our share of foreign currency translation adjustments through our equity method investment, however, accounting for this investment has been suspended as its carrying value has declined to $0.

AOCL components are included in the computation of net periodic post-retirement costs which include pension costs discussed in Note 6 and our other post-retirement benefits (health care and life insurance benefits). Reclassifications out of AOCL related to these post-retirement plans and a realized gain on an available-for-sale investment included the following (in thousands):


	2025			2024			2023
Amortization of prior service (credit) cost, net	$	(235	)	$	90		$	(464	)
Amortization of actuarial loss		5,961			5,941			6,054
Pension settlement charge		—			10,316			—
Foreign currency		(560	)		—			—
Total reclassifications, before tax		5,166			16,347			5,590
Income tax effect		(1,466	)		(4,205	)		(1,436	)
Total reclassifications, net of tax	$	3,700		$	12,142		$	4,154

The entire disclosure for equity.

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Retirement plans - Schedule of Net Periodic Benefit Cost Not Yet Recognized (Details) - Retirement Plans - USD ($) $ in Thousands	Dec. 31, 2025	Dec. 31, 2024
Defined Benefit Plan Disclosure [Line Items]
Net actuarial losses	$ (136,636)	$ (145,225)
Prior service cost	(1,256)	(1,346)
Amounts in accumulated other comprehensive loss	$ (137,892)	$ (146,571)

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

Segment Reporting, Revenue Reconciling Item [Line Items]

Description of business, use of estimates, basis of presentation, and summary of significant accounting policies - Reconciliations Between Revenue and Primary Measures of Profit or Loss (Details) - USD ($)
$ in Thousands

12 Months Ended

Dec. 31, 2025

Dec. 31, 2024

Dec. 31, 2023

Less:

Net Income

$ 219,472

$ 599,043

$ 476,347

Operating Segments

Revenue

2,711,998

3,101,971

2,910,930

Less:

Programming

1,026,086

998,231

995,292

Employee compensation

^[1]

678,067

719,534

702,324

Other segment items

^[2]

428,919

452,734

470,974

Adjusted EBITDA

578,926

931,472

742,340

Less: All other segment items

^[3]

359,454

332,429

265,993

Net Income

$ 219,472

$ 599,043

$ 476,347

[1]	Includes the cost associated with salaries, bonuses, stock-based compensation, benefits paid to our employees and adjusted to remove workforce restructuring and retention costs (including stock-based compensation and cash payments).
[2]	Primarily includes digital ad serving fees, professional service fees and costs associated with operating our facilities.
[3]	Primarily includes taxes, interest expense, other non-operating costs, depreciation and amortization.

Shareholders' equity (Tables)

12 Months Ended

Dec. 31, 2025

Equity [Abstract]

Schedule of Earnings Per Share (Basic and Diluted)

Our earnings per share (basic and diluted) for 2025, 2024, and 2023 are presented below (in thousands, except per share amounts):


	2025			2024			2023
Net income	$	219,472		$	599,043		$	476,347
Net loss attributable to the noncontrolling interest		384			775			377
Adjustment of redeemable noncontrolling interest to redemption value		(912	)		(2,280	)		(1,771	)
Earnings available to common shareholders	$	218,944		$	597,538		$	474,953

Weighted average number of common shares outstanding - basic		161,416			168,434			207,594
Effect of dilutive securities:
Restricted stock units		802			603			220
Restricted stock awards		13			—			—
Performance share awards		134			128			133
401(k) match shares		455			—			—
Weighted average number of common shares outstanding - diluted		162,820			169,165			207,947

Earnings per share - basic	$	1.36		$	3.55		$	2.29

Earnings per share - diluted	$	1.34		$	3.53		$	2.28

Schedule of Stock-Based Compensation Related Amounts Recognized in the Consolidated Statements of Income for Equity Awards

The following table shows the stock-based compensation related amounts recognized in the Consolidated Statements of Income for equity awards (in thousands):


	2025		2024		2023
RSUs	$	14,342	$	29,544	$	20,931
RSAs		4,556		—		—
PSAs		7,280		8,988		3,566
Total employee awards stock-based compensation		26,178		38,532		24,497
Total income tax benefit		9,042		8,236		9,072
Employee awards stock-based compensation net of tax	$	17,136	$	30,296	$	15,425

Schedule of Restricted Stock and RSU Awards

A summary of the RSUs activity is presented below:


	2025					2024					2023
RSU	Shares			Weighted average fair value		Shares			Weighted average fair value		Shares			Weighted average fair value
Unvested at beginning of year		3,487,234		$	15.39		3,465,380		$	17.12		2,543,732		$	17.80
Granted		1,466,264			17.01		2,060,749			13.43		2,289,278			16.09
Vested		(1,570,205	)		16.15		(1,683,051	)		16.44		(1,122,923	)		16.41
Cancelled		(1,336,530	)		15.43		(355,844	)		15.99		(244,707	)		17.78
Unvested at end of year		2,046,763		$	15.94		3,487,234		$	15.39		3,465,380		$	17.12

Schedule of RSAs Activity

A summary of the RSAs activity is presented below:


	2025					2024				2023
RSA	Shares			Weighted average fair value		Shares		Weighted average fair value		Shares		Weighted average fair value
Unvested at beginning of year		—		$	—		—	$	—		—	$	—
Granted		833,157			16.03		—		—		—		—
Vested1		(428,208	)		15.96		—		—		—		—
Cancelled		—			—		—		—		—		—
Unvested at end of year		404,949		$	16.11		—	$	—		—	$	—

1 Vested RSAs are related to shares retained for tax withholding.

Schedule of Nonvested Performance-based Units Activity

A summary of the PSAs activity is presented below:


	2025					2024					2023
PSA	Shares			Weighted average fair value		Shares			Weighted average fair value		Shares			Weighted average fair value
Unvested at beginning of year		1,335,345		$	14.22		948,021		$	18.16		986,104		$	18.18
Granted		549,905			16.66		1,132,073			12.72		642,413			16.33
Vested		(431,386	)		16.77		(604,102	)		16.72		(564,159	)		16.21
Cancelled		(293,653	)		13.32		(140,647	)		15.23		(116,337	)		18.25
Unvested at end of year		1,160,211		$	14.48		1,335,345		$	14.22		948,021		$	18.16

Schedule of Accumulated Other Comprehensive Loss

The following tables summarize the components of, and changes in AOCL, net of tax (in thousands):


2025	Retirement Plans			Foreign Currency Translation(1)			Total
Balance at beginning of year	$	(107,176	)	$	532		$	(106,644	)
Other comprehensive income before reclassifications		991			—			991
Amounts classified from AOCL		4,232			(532	)		3,700
Balance at end of year	$	(101,953	)	$	—		$	(101,953	)


2024	Retirement Plans			Foreign Currency Translation(1)		Total
Balance at beginning of year	$	(120,142	)	$	532	$	(119,610	)
Other comprehensive income before reclassifications		824			—		824
Amounts classified from AOCL		12,142			—		12,142
Balance at end of year	$	(107,176	)	$	532	$	(106,644	)


2023	Retirement Plans			Foreign Currency Translation(1)		Total
Balance at beginning of year	$	(126,065	)	$	532	$	(125,533	)
Other comprehensive loss before reclassifications		1,769			—		1,769
Amounts classified from AOCL		4,154			—		4,154
Balance at end of year	$	(120,142	)	$	532	$	(119,610	)

Schedule of Reclassification out of Accumulated Other Comprehensive Loss

Reclassifications out of AOCL related to these post-retirement plans and a realized gain on an available-for-sale investment included the following (in thousands):


	2025			2024			2023
Amortization of prior service (credit) cost, net	$	(235	)	$	90		$	(464	)
Amortization of actuarial loss		5,961			5,941			6,054
Pension settlement charge		—			10,316			—
Foreign currency		(560	)		—			—
Total reclassifications, before tax		5,166			16,347			5,590
Income tax effect		(1,466	)		(4,205	)		(1,436	)
Total reclassifications, net of tax	$	3,700		$	12,142		$	4,154

Shareholders' equity - Schedule of Restricted Stock and RSU Awards (Details) - Restricted Stock and Restricted Stock Units - $ / shares	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Shares
Unvested at beginning of year (in shares)	3,487,234	3,465,380	2,543,732
Granted (in shares)	1,466,264	2,060,749	2,289,278
Vested (in shares)	(1,570,205)	(1,683,051)	(1,122,923)
Cancelled (in shares)	(1,336,530)	(355,844)	(244,707)
Unvested at end of year (in shares)	2,046,763	3,487,234	3,465,380
Weighted average fair value
Unvested at beginning of year (in dollars per share)	$ 15.39	$ 17.12	$ 17.8
Granted (in dollars per share)	17.01	13.43	16.09
Vested (in dollars per share)	16.15	16.44	16.41
Cancelled (in dollars per share)	15.43	15.99	17.78
Unvested at end of year (in dollars per share)	$ 15.94	$ 15.39	$ 17.12

Retirement plans - Schedule of Benefit Obligations in Excess of Fair Value of Plan Assets (Details) - Retirement Plans - USD ($) $ in Thousands	Dec. 31, 2025	Dec. 31, 2024
Defined Benefit Plan Disclosure [Line Items]
Projected benefit obligation	$ 396,043	$ 409,822
Fair value of plan assets	$ 331,015	$ 337,902

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

Cash flows from operating activities:

Asset impairment and other - Schedule of Facility Consolidation and Asset Impairment Charges (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Jun. 30, 2023	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Unusual or Infrequent Items, or Both [Abstract]
Contractual termination		$ 0	$ 1,097	$ 0
Programming rights impairment	$ 3,400	0	0	3,359
Total asset impairment and other		$ (0)	$ 1,097	$ 3,359

Cybersecurity Risk Management, Strategy, and Governance	12 Months Ended
Cybersecurity Risk Management, Strategy, and Governance	Dec. 31, 2025
Cybersecurity Risk Management, Strategy, and Governance [Line Items]
Cybersecurity Risk Management Processes for Assessing, Identifying, and Managing Threats [Text Block]	ITEM 1C. CYBERSECURITY In today’s digital world, protecting our systems and data from cyberattacks and unintentional or malicious breaches is a priority for our leadership and Board of Directors. Our cybersecurity team is overseen by our Chief Technology Officer, who is directly supported by our Senior Director of IT Security and Compliance. This leadership team has decades of experience leading cybersecurity oversight and managing our organization’s cybersecurity risks. Team members who support our information security program have relevant educational, industry experience, and technical certifications. The technical leadership team provides quarterly and annual cybersecurity updates to our Board of Directors, briefing the Board on our cyber program, industry trends and risks, and any incidents the Company has experienced. Directors with experience in cybersecurity and technology play crucial roles in strategy, innovation, and oversight of the Company’s technology investments. The Board oversees our annual enterprise risk assessment, where we assess key risks within the Company, including security and technology risks and cybersecurity threats. TEGNA uses the National Institute of Standards and Technology (NIST) Cybersecurity Framework and maintains clearly defined policies and standards for all employees and technical systems. We use external subject matter experts to provide independent assessments of the cybersecurity program. Following the NIST Cybersecurity Framework, TEGNA utilizes internal reporting, policies, software, training programs, secure software development coding practices and hardware solutions to protect and monitor our environment, including multifactor authentication on all critical systems, firewalls, intrusion, detection and prevention systems, vulnerability and penetration testing and identity management systems. Our network is continuously monitored using prevailing industry tools, and our cybersecurity team promptly investigates any anomalies. TEGNA has an extensive patching and software update program, and performance metrics are reported to our Board. All new employees are required to take a cybersecurity training course, and we have mandatory quarterly training modules for all employees. We maintain third-party vendor policies and practices to identify, prioritize, and mitigate and remediate third party risk. Third-party access is narrowly limited in scope, granting access only to necessary systems with the lowest level of privileges required. Third-party access is monitored, and accounts are reviewed and attested to on a quarterly basis. TEGNA relies on third parties to implement security programs commensurate with their risk, and we cannot ensure in all circumstances that their efforts will be successful. TEGNA has documented and tested incident response plans, which outline the steps to be followed from incident detection to containment, recovery, and notification, including notifying functional areas, as well as senior leadership and the Board, as appropriate. With assistance from third-party cybersecurity experts, TEGNA regularly conducts cybersecurity tabletop exercises with leadership and technical teams. TEGNA conducts compliance reviews of all cybersecurity policies and procedures at least annually and utilizes an outside cybersecurity firm to evaluate the overall program. Business units are required to attest to applicable TEGNA security controls monthly. Notwithstanding the extensive approach TEGNA takes to cybersecurity, we face a number of cybersecurity risks in connection with our business. Although to date such risks have not materially affected us, including our business strategy, results of operations or financial condition, we have from time-to-time experienced threats to our information systems and data. For more information about the cybersecurity risks we face, see Item 1A. “Risk Factors”.
Cybersecurity Risk Management Third Party Engaged [Flag]	true
Cybersecurity Risk Third Party Oversight and Identification Processes [Flag]	true
Cybersecurity Risk Materially Affected or Reasonably Likely to Materially Affect Registrant [Flag]	false
Cybersecurity Risk Board of Directors Oversight [Text Block]	In today’s digital world, protecting our systems and data from cyberattacks and unintentional or malicious breaches is a priority for our leadership and Board of Directors. Our cybersecurity team is overseen by our Chief Technology Officer, who is directly supported by our Senior Director of IT Security and Compliance. This leadership team has decades of experience leading cybersecurity oversight and managing our organization’s cybersecurity risks. Team members who support our information security program have relevant educational, industry experience, and technical certifications. The technical leadership team provides quarterly and annual cybersecurity updates to our Board of Directors, briefing the Board on our cyber program, industry trends and risks, and any incidents the Company has experienced. Directors with experience in cybersecurity and technology play crucial roles in strategy, innovation, and oversight of the Company’s technology investments. The Board oversees our annual enterprise risk assessment, where we assess key risks within the Company, including security and technology risks and cybersecurity threats. TEGNA uses the National Institute of Standards and Technology (NIST) Cybersecurity Framework and maintains clearly defined policies and standards for all employees and technical systems. We use external subject matter experts to provide independent assessments of the cybersecurity program. Following the NIST Cybersecurity Framework, TEGNA utilizes internal reporting, policies, software, training programs, secure software development coding practices and hardware solutions to protect and monitor our environment, including multifactor authentication on all critical systems, firewalls, intrusion, detection and prevention systems, vulnerability and penetration testing and identity management systems. Our network is continuously monitored using prevailing industry tools, and our cybersecurity team promptly investigates any anomalies. TEGNA has an extensive patching and software update program, and performance metrics are reported to our Board. All new employees are required to take a cybersecurity training course, and we have mandatory quarterly training modules for all employees.
Cybersecurity Risk Board Committee or Subcommittee Responsible for Oversight [Text Block]	The Board oversees our annual enterprise risk assessment, where we assess key risks within the Company, including security and technology risks and cybersecurity threats.
Cybersecurity Risk Process for Informing Board Committee or Subcommittee Responsible for Oversight [Text Block]	The technical leadership team provides quarterly and annual cybersecurity updates to our Board of Directors, briefing the Board on our cyber program, industry trends and risks, and any incidents the Company has experienced.
Cybersecurity Risk Role of Management [Text Block]	Our cybersecurity team is overseen by our Chief Technology Officer, who is directly supported by our Senior Director of IT Security and Compliance. This leadership team has decades of experience leading cybersecurity oversight and managing our organization’s cybersecurity risks. Team members who support our information security program have relevant educational, industry experience, and technical certifications. The technical leadership team provides quarterly and annual cybersecurity updates to our Board of Directors, briefing the Board on our cyber program, industry trends and risks, and any incidents the Company has experienced. Directors with experience in cybersecurity and technology play crucial roles in strategy, innovation, and oversight of the Company’s technology investments. The Board oversees our annual enterprise risk assessment, where we assess key risks within the Company, including security and technology risks and cybersecurity threats.
Cybersecurity Risk Management Positions or Committees Responsible [Flag]	true
Cybersecurity Risk Management Positions or Committees Responsible [Text Block]	Our cybersecurity team is overseen by our Chief Technology Officer, who is directly supported by our Senior Director of IT Security and Compliance.
Cybersecurity Risk Management Expertise of Management Responsible [Text Block]	This leadership team has decades of experience leading cybersecurity oversight and managing our organization’s cybersecurity risks. Team members who support our information security program have relevant educational, industry experience, and technical certifications.
Cybersecurity Risk Process for Informing Management or Committees Responsible [Text Block]	The technical leadership team provides quarterly and annual cybersecurity updates to our Board of Directors, briefing the Board on our cyber program, industry trends and risks, and any incidents the Company has experienced.
Cybersecurity Risk Management Positions or Committees Responsible Report to Board [Flag]	true

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands

12 Months Ended

Dec. 31, 2025

Dec. 31, 2024

Dec. 31, 2023

Net income

$ 219,472

$ 599,043

$ 476,347

Adjustments to reconcile net income to net cash flow from operating activities:

Depreciation

61,646

59,935

59,769

Amortization of intangible assets

35,347

53,600

53,467

Employee stock-based compensation awards

26,178

38,532

24,497

Company stock 401(k) match contributions

16,416

18,702

18,629

Amortization of deferred financing costs, debt discounts and premiums

5,644

6,193

7,058

Gain on investment sales

(153,626)

(25,809)

Provision for deferred income taxes

14,626

(3,807)

19,737

Merger termination fee

(136,000)

Pension expense, net of employer contributions

1,789

9,514

5,559

Change in operating assets and liabilities, net of acquisitions:

Decrease in trade receivables

22,071

34,726

Increase (decrease) in accounts payable

5,938

(27,613)

38,739

(Decrease) increase in interest and taxes payable

(66,220)

43,550

(14,977)

Increase (decrease) in deferred revenue

4,573

(2,973)

2,810

Changes in other assets and liabilities, net

487

21,846

22,697

Net cash flow from operating activities

325,995

684,967

587,249

Cash flows from investing activities:

Purchase of property and equipment

(43,430)

(52,440)

(54,694)

Payments for acquisitions of businesses and assets, net of cash acquired

(1,745)

(54,249)

(1,150)

Payments for investments

(3,690)

(20,776)

(370)

Proceeds from investments

3,201

158,976

28,105

Proceeds from sale of assets

690

258

120

Net cash flow (used for) provided by investing activities

(44,974)

31,769

(27,989)

Cash flows from financing activities:

Debt repayment

(550,000)

Repurchase of Common Stock

(274,827)

(652,914)

Dividends paid

(80,459)

(81,364)

(83,534)

Payments for debt issuance costs

(6,448)

Payments for acquisition-related earnout consideration

(6,364)

(4,667)

Repurchase of noncontrolling interest in Premion

(20,845)

Payments for tax withholding related to vested stock-based compensation awards and share repurchase excise tax

(25,327)

(17,252)

(13,457)

Net cash flow used for financing activities

(682,995)

(384,558)

(749,905)

(Decrease) increase in cash and cash equivalents

(401,974)

332,178

(190,645)

Balance of cash and cash equivalents at beginning of year

693,214

361,036

551,681

Balance of cash and cash equivalents at end of year

291,240

693,214

361,036

Supplemental cash flow information:

Cash paid for income taxes, net of refunds

^[1]

113,142

134,123

126,138

Cash paid for interest

$ 161,244

$ 164,406

$ 166,132

[1]	Includes $71,474 of payments for clean energy tax credits in 2025.

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Statement of Comprehensive Income [Abstract]
Net income	$ 219,472	$ 599,043	$ 476,347
Other comprehensive income, before tax:
Recognition of foreign currency translation adjustments	(560)
Recognition of previously deferred post-retirement benefit plan costs	5,726	6,031	5,590
Actuarial gain (loss) arising during the period	1,332	1,108	2,387
Pension settlement charge	0	10,316	0
Recognition of previously deferred post-retirement benefit plan costs	6,498	17,455	7,977
Income tax effect related to components of other comprehensive income	(1,807)	(4,489)	(2,054)
Other comprehensive income (loss), net of tax	4,691	12,966	5,923
Comprehensive income	224,163	612,009	482,270
Comprehensive loss (gain) attributable to redeemable noncontrolling interest	384	775	377
Comprehensive income attributable to TEGNA Inc.	$ 224,547	$ 612,784	$ 482,647

Shareholders' equity - Narrative (Details) - USD ($)				1 Months Ended			3 Months Ended	12 Months Ended
Shareholders' equity - Narrative (Details) - USD ($)	Nov. 13, 2023	Nov. 09, 2023	Jun. 02, 2023	Feb. 29, 2024	Dec. 31, 2023	Aug. 31, 2023	Sep. 30, 2023	Dec. 31, 2025	Dec. 31, 2024	Apr. 30, 2020
Stockholders Equity Note [Line Items]
Common stock, authorized (in shares)								800,000,000	800,000,000
Preferred stock, authorized (in shares)								2,000,000	2,000,000
Common stock, outstanding (in shares)								161,100,000	159,900,000
Treasury stock (in shares)								7,103,970	164,520,591
Preferred stock, issued (in shares)								0	0
Preferred stock, outstanding (in shares)								0	0
Equity method investments								$ 15,954,000	$ 16,280,000
December 2020 Share Repurchase Program
Stockholders Equity Note [Line Items]
Shares repurchased under share repurchase program (in shares)							1,700,000
Share repurchase program expiration date							Dec. 31, 2023
Shares acquired, average cost per share							$ 15.96
Treasury stock, value, acquired, cost method							$ 27,900,000
Accelerated Share Repurchase Program (ASR)
Stockholders Equity Note [Line Items]
Shares approved to be repurchased under share repurchase program, amount (up to)		$ 325,000,000	$ 300,000,000
Shares repurchased under share repurchase program (in shares)	17,300,000	17,300,000	15,200,000	4,000,000		3,100,000
Treasury stock, value, acquired, cost method	$ 260,000,000		$ 240,000,000
Stock repurchase program, percent repurchased	80.00%		80.00%
December 2023 Share Repurchase Program
Stockholders Equity Note [Line Items]
Shares approved to be repurchased under share repurchase program, amount (up to)					$ 650,000,000
Shares repurchased under share repurchase program (in shares)									18,600,000
Share repurchase program expiration date					Dec. 31, 2025
Shares acquired, average cost per share									$ 14.79
Treasury stock, value, acquired, cost method									$ 274,800,000
Stock options
Stockholders Equity Note [Line Items]
Diluted earnings per share amounts exclude the effects of stock awards								30,000	270,000
Stock options \| Employee
Stockholders Equity Note [Line Items]
Shares reserved for issuance (in shares)										20,000,000
RSU Program \| Employee
Stockholders Equity Note [Line Items]
Number of shares of common stock received for each RSU granted								1
Award vesting percentage								25.00%
RSAs
Stockholders Equity Note [Line Items]
Unrecognized compensation cost related to unvested share-based compensation								$ 8,800,000
Unrecognized compensation cost related to unvested share-based compensation for options, recognition period								1 year 7 months 6 days
RSAs \| Employee
Stockholders Equity Note [Line Items]
Award vesting percentage								25.00%
RSUs
Stockholders Equity Note [Line Items]
Unrecognized compensation cost related to unvested share-based compensation								$ 23,300,000
Unrecognized compensation cost related to unvested share-based compensation for options, recognition period								2 years 6 months
PSAs
Stockholders Equity Note [Line Items]
Award vesting period								2 years
Additional service period								1 year
Incentive period								3 years
Unrecognized compensation cost related to unvested share-based compensation								$ 10,700,000
Unrecognized compensation cost related to unvested share-based compensation for options, recognition period								1 year 10 months 24 days

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2025	Dec. 31, 2024
Current assets
Cash and cash equivalents	$ 291,240	$ 693,214
Accounts receivable, net of allowances of $3,510 and $2,831, respectively	603,522	604,300
Other receivables	23,117	11,752
Syndicated programming rights	27,219	28,097
Prepaid expenses and other current assets	35,902	23,049
Total current assets	981,000	1,360,412
Property and equipment
Land	86,347	86,347
Buildings and improvements	362,932	360,492
Equipment, furniture and fixtures	638,039	641,024
Construction in progress	10,487	6,037
Total	1,097,805	1,093,900
Less accumulated depreciation	(673,134)	(649,581)
Net property and equipment	424,671	444,319
Intangible and other assets
Goodwill	3,015,944	3,015,944
Indefinite-lived and amortizable intangible assets, less accumulated amortization of $220,522 and $185,175, respectively	2,273,800	2,309,772
Right-of-use assets for operating leases	65,071	63,535
Investments and other assets	113,448	132,537
Total intangible and other assets	5,468,263	5,521,788
Total assets	6,873,934	7,326,519
Current liabilities
Accounts payable	93,276	87,338
Accrued liabilities
Compensation	75,324	64,343
Interest	36,999	44,719
Contracts payable for programming rights	139,385	143,095
Other	85,381	75,454
Income taxes payable	0	51,331
Total current liabilities	430,365	466,280
Noncurrent liabilities
Net deferred income tax liabilities	591,267	579,213
Long-term debt	2,530,587	3,076,451
Pension liabilities	56,522	65,956
Operating lease liabilities	59,981	63,421
Other noncurrent liabilities	49,033	50,167
Total noncurrent liabilities	3,287,390	3,835,208
Total liabilities	3,717,755	4,301,488
Commitments and contingent liabilities (see Note 11)
Redeemable noncontrolling interest (see Note 1)	0	20,317
Shareholders’ equity
Common stock of $1 par value per share, 800,000,000 shares authorized, 168,168,632 and 324,418,632 shares issued, respectively	168,169	324,419
Additional paid-in capital	29,297	27,941
Retained earnings	3,172,693	8,549,717
Accumulated other comprehensive loss	(101,953)	(106,644)
Less treasury stock at cost, 7,103,970 and 164,520,591 shares, respectively	(112,027)	(5,790,719)
Total equity	3,156,179	3,004,714
Total liabilities, redeemable noncontrolling interest and equity	$ 6,873,934	$ 7,326,519

Investments and other assets (Tables)

12 Months Ended

Dec. 31, 2025

Investments, All Other Investments [Abstract]

Schedule of Other Assets

Our investments and other assets consisted of the following as of December 31, 2025 and 2024 (in thousands):


	Dec. 31,
	2025		2024
Cash value life insurance	$	52,584	$	51,860
Equity method investments		15,954		16,280
Other equity investments		25,338		29,020
Debt investment		1,000		7,500
Deferred compensation assets		5,765		6,212
Deferred financing costs		4,629		6,137
Prepaid assets		1,792		5,960
Other long-term assets		6,386		9,568
Total	$	113,448	$	132,537

Description of business, use of estimates, basis of presentation, and summary of significant accounting policies (Tables)

12 Months Ended

Dec. 31, 2025

Accounting Policies [Abstract]

Schedule of Reconciliations Between Revenue and the Primary Measures of Profit or Loss and Include our Significant Expense Measures

The tables below provide reconciliations between revenue and the primary measures of profit or loss and include our significant expense measures (in thousands).



	2025		2024		2023
Revenue	$	2,711,998	$	3,101,971	$	2,910,930
Less:
Programming		1,026,086		998,231		995,292
Employee compensation (a)		678,067		719,534		702,324
Other segment items (b)		428,919		452,734		470,974
Adjusted EBITDA	$	578,926	$	931,472	$	742,340
Less: All other segment items (c)		359,454		332,429		265,993
Net income	$	219,472	$	599,043	$	476,347

(b) Primarily includes digital ad serving fees, professional service fees and costs associated with operating our facilities.

Schedule of Disaggregation of Revenue

Revenue earned by categories in 2025, 2024 and 2023 are shown below (amounts in thousands):


	2025		2024		2023
Distribution	$	1,465,603	$	1,476,075	$	1,544,550
Advertising & Marketing Services		1,169,167		1,214,640		1,279,543
Political		38,787		373,229		45,800
Other		38,441		38,027		41,037
Total revenues	$	2,711,998	$	3,101,971	$	2,910,930

Long-term debt

12 Months Ended

Dec. 31, 2025

Debt Disclosure [Abstract]

Long-term debt

NOTE 5 – Long-term debt

Our long-term debt is summarized below (in thousands):


	Dec. 31,
	2025			2024
Unsecured notes bearing fixed rate interest at 4.75% due March 2026	$	—		$	550,000
Unsecured notes bearing fixed rate interest at 7.75% due June 2027		200,000			200,000
Unsecured notes bearing fixed rate interest at 7.25% due September 2027		240,000			240,000
Unsecured notes bearing fixed rate interest at 4.625% due March 2028		1,000,000			1,000,000
Unsecured notes bearing fixed rate interest at 5.00% due September 2029		1,100,000			1,100,000
Total principal long-term debt		2,540,000			3,090,000
Debt issuance costs		(11,767	)		(17,285	)
Unamortized premiums		2,354			3,736
Total long-term debt	$	2,530,587		$	3,076,451

On July 2, 2025, we utilized available cash on hand to repay $250 million of our $550 million unsecured notes that were scheduled to mature in March 2026. We also paid $3.5 million of accrued interest and wrote off $0.5 million of unamortized debt issuance costs related to the early partial payoff of these notes.

On September 22, 2025, we utilized available cash on hand to repay the remaining $300 million of our $550 million March 2026 unsecured notes. At that time, we also paid $0.3 million of accrued interest and wrote off $0.4 million of unamortized debt issuance costs related to the early partial payoff of these notes.

As of December 31, 2025, cash and cash equivalents totaled $291.2 million and we had $11.3 million of letters of credit outstanding resulting in unused borrowing capacity of $738.7 million under our $750 million revolving credit facility, which expires in January 2029. As of December 31, 2025, we were in compliance with all covenants contained in our debt agreements and credit facility, including the leverage ratio (our one financial covenant). We believe, based on our current financial forecasts and trends, that we will remain compliant with all covenants for the foreseeable future.

Our debt maturities may be repaid with cash flow from operating activities, accessing capital markets or a combination of both. The following schedule discloses annual maturities of the principal amount of total debt due (in thousands):


Repayment schedule of principal long-term debt as of Dec. 31, 2025	Annual Maturities
2026	$	—
2027		440,000
2028		1,000,000
2029		1,100,000
2030		—
Thereafter		—
Total	$	2,540,000

Goodwill and other intangible assets (Tables)

12 Months Ended

Dec. 31, 2025

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Indefinite-Lived Intangible Assets and Amortizable Intangible Assets

The following table displays indefinite-lived intangible assets and amortizable intangible assets as of December 31, 2025 and 2024 (in thousands):


	Gross		Accumulated Amortization			Net
Dec. 31, 2025
Indefinite-lived intangibles:
Television and radio station FCC broadcast licenses	$	2,124,106	$	—		$	2,124,106
Amortizable intangible assets:
Network affiliation agreements		266,018		(143,247	)		122,771
Other		104,198		(77,275	)		26,923
Total indefinite-lived and amortizable intangible assets	$	2,494,322	$	(220,522	)	$	2,273,800

Dec. 31, 2024
Indefinite-lived intangibles:
Television and radio station FCC broadcast licenses	$	2,124,731	$	—		$	2,124,731
Amortizable intangible assets:
Network affiliation agreements		266,018		(122,539	)		143,479
Other		104,198		(62,636	)		41,562
Total indefinite-lived and amortizable intangible assets	$	2,494,947	$	(185,175	)	$	2,309,772

Schedule of Finite-Lived Intangible Assets, Future Amortization Expense

The following table shows the projected annual amortization expense related to amortizable intangible assets existing as of December 31, 2025 (in thousands):


2026	$	31,310
2027		21,457
2028		20,524
2029		14,200
2030		13,452
Thereafter		48,751
Total	$	149,694

CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands

12 Months Ended

Dec. 31, 2025

Dec. 31, 2024

Dec. 31, 2023

Income Statement [Abstract]

Revenues

$ 2,711,998

$ 3,101,971

$ 2,910,930

Operating expenses:

Business units - Selling, general and administrative expenses

^[1]

1,730,843

1,756,115

1,718,857

379,721

394,589

412,000

Corporate - General and administrative expenses

61,472

51,851

65,933

Depreciation

61,646

59,935

59,769

Amortization of intangible assets

35,347

53,600

53,467

Asset impairment and other (see Note 10)

(0)

1,097

3,359

Merger termination fee

(136,000)

Total

2,269,029

2,317,187

2,177,385

Operating income

442,969

784,784

733,545

Non-operating (expense) income:

Interest expense

(158,388)

(169,238)

(172,904)

Interest income

25,453

26,991

29,292

Other non-operating items, net

(21,237)

130,450

16,613

Total

(154,172)

(11,797)

(126,999)

Income before income taxes

288,797

772,987

606,546

Provision for income taxes

69,325

173,944

130,199

Net Income

219,472

599,043

476,347

Net loss attributable to redeemable noncontrolling interest

384

775

377

Net income attributable to TEGNA Inc.

$ 219,856

$ 599,818

$ 476,724

Earnings per share - basic (in dollars per share)

$ 1.36

$ 3.55

$ 2.29

Earnings per share - diluted (in dollars per share)

$ 1.34

$ 3.53

$ 2.28

Weighted average number of common shares outstanding:

Basic (in shares)

161,416

168,434

207,594

Diluted (in shares)

162,820

169,165

207,947

[1]	Cost of revenues exclude charges for depreciation and amortization expense, which are shown separately above.

Shareholders' equity - Schedule of Nonvested Performance-based Units Activity (Details) - Performance Share Awards - $ / shares	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Shares
Unvested at beginning of year (in shares)	1,335,345	948,021	986,104
Granted (in shares)	549,905	1,132,073	642,413
Vested (in shares)	(431,386)	(604,102)	(564,159)
Cancelled (in shares)	(293,653)	(140,647)	(116,337)
Unvested at end of year (in shares)	1,160,211	1,335,345	948,021
Weighted average fair value
Unvested at beginning of year (in dollars per share)	$ 14.22	$ 18.16	$ 18.18
Granted (in dollars per share)	16.66	12.72	16.33
Vested (in dollars per share)	16.77	16.72	16.21
Cancelled (in dollars per share)	13.32	15.23	18.25
Unvested at end of year (in dollars per share)	$ 14.48	$ 14.22	$ 18.16

Fair value measurement (Tables)

12 Months Ended

Dec. 31, 2025

Fair Value Disclosures [Abstract]

Schedule of Fair Value of Pension Plan Assets by Level within Fair Value Hierarchy

The below fair value tables relate to our TRP pension plan assets (in thousands):



Fair value measurements as of Dec. 31, 2025	Level 1		Level 2		Level 3		Total
Assets:
Cash	$	12	$	—	$	—	$	12
U.S. Government securities		—		41,411		—		41,411
Total	$	12	$	41,411	$	—	$	41,423
Pension plan investments valued using net asset value as a practical expedient:
Common collective trust - equities								96,627
Common collective trust - fixed income								192,953
Partnership/joint venture interests								12
Total fair value of plan assets							$	331,015



Fair value measurements as of Dec. 31, 2024	Level 1		Level 2		Level 3		Total
Assets:
Cash	$	81	$	—	$	—	$	81
Pension plan investments valued using net asset value as a practical expedient:
Common collective trust - equities								68,146
Common collective trust - fixed income								269,665
Partnership/joint venture interests								10
Total fair value of plan assets							$	337,902

Fair value measurement - Schedule of Fair Value of Pension Plan Assets by Level within Fair Value Hierarchy (Details) - USD ($) $ in Thousands	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total fair value of plan assets	$ 331,015
Retirement Plans
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total fair value of plan assets	331,015	$ 337,902	$ 386,108
Retirement Plans \| Cash and U.S. Government Securities \| Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total fair value of plan assets	12
Retirement Plans \| Cash and U.S. Government Securities \| Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total fair value of plan assets	41,411
Retirement Plans \| Cash and U.S. Government Securities \| Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total fair value of plan assets	0
Retirement Plans \| Cash and U.S. Government Securities \| Fair Value, Inputs, Level 1, 2 and 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total fair value of plan assets	41,423
Retirement Plans \| Cash \| Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total fair value of plan assets	12	81
Retirement Plans \| Cash \| Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total fair value of plan assets	0	0
Retirement Plans \| Cash \| Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total fair value of plan assets	0	0
Retirement Plans \| Cash \| Fair Value, Inputs, Level 1, 2 and 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total fair value of plan assets	12	81
Retirement Plans \| U.S. Government securities \| Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total fair value of plan assets	41,411
Retirement Plans \| U.S. Government securities \| Fair Value, Inputs, Level 1, 2 and 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total fair value of plan assets	41,411
Retirement Plans \| Common collective trust - equities \| Fair Value, Inputs, Level 1, 2 and 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total fair value of plan assets	96,627	68,146
Retirement Plans \| Common collective trust - fixed income \| Fair Value, Inputs, Level 1, 2 and 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total fair value of plan assets	192,953	269,665
Retirement Plans \| Partnership/joint venture interests \| Fair Value, Inputs, Level 1, 2 and 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total fair value of plan assets	$ 12	$ 10

Retirement plans - Schedule of Changes in Projected Benefit Obligations (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Change in benefit obligations
Benefit obligations as of end of year	$ 396,043
Change in plan assets
Fair value of plan assets as of end of year	331,015
Funded status as of end of year	(65,028)
Amounts recognized in Consolidated Balance Sheets
Pension liabilities—non-current	(56,522)	$ (65,956)
Retirement Plans
Change in benefit obligations
Benefit obligations as of beginning of year	409,822	462,466
Interest cost	21,641	22,756	$ 24,183
Actuarial loss (gain)	4,496	(14,400)
Benefits paid	(39,916)	(32,666)
Pension settlements	0	(28,334)
Benefit obligations as of end of year	396,043	409,822	462,466
Change in plan assets
Fair value of plan assets as of beginning of year	337,902	386,108
Actual gains experienced by plan assets	27,826	5,270
Employer contributions	5,203	7,524
Benefits paid	(39,916)	(32,666)
Pension settlements	0	(28,334)
Fair value of plan assets as of end of year	331,015	337,902	$ 386,108
Funded status as of end of year	(65,028)	(71,920)
Amounts recognized in Consolidated Balance Sheets
Accrued liabilities other—current	(8,506)	(5,964)
Pension liabilities—non-current	$ (56,522)	$ (65,956)

Leases - Schedule of Lessee, Operating Leases, Assets and Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2025	Dec. 31, 2024
Assets
Right-of-use assets for operating leases	$ 65,071	$ 63,535
Liabilities
Operating lease liabilities (current)	$ 10,739	$ 10,483
Operating Lease, Liability, Current, Statement of Financial Position [Extensible List]	Other	Other
Operating lease liabilities (non-current)	$ 59,981	$ 63,421
Total operating lease liabilities	$ 70,720	$ 73,904

Fair value measurement

12 Months Ended

Dec. 31, 2025

Fair Value Disclosures [Abstract]

Fair value measurement

NOTE 8 – Fair value measurement

We measure and record certain assets and liabilities at fair value in the accompanying consolidated financial statements. U.S. GAAP establishes a fair value hierarchy for those instruments measured at fair value that distinguishes between assumptions based on market data (observable inputs) and our own assumptions (unobservable inputs). The hierarchy consists of three levels:

Level 1 – Quoted market prices in active markets for identical assets or liabilities;

Level 2 – Inputs other than Level 1 inputs that are either directly or indirectly observable; and

Level 3 – Unobservable inputs developed using our own estimates and assumptions, which reflect those that a market participant would use.

Equity investments in private companies that we do not significantly influence are recorded at cost, less impairments, if any, plus or minus changes resulting from observable price changes in orderly transactions for the identical or a similar investment.

In 2025, we recognized an impairment charge of $12.3 million related to equity and debt investments in a private company. The loss was recorded in “Other non-operating items, net” within our Consolidated Statements of Income. The fair values used in the impairment calculations were based on an estimate of the proceeds we expect to ultimately receive related to these investments (which is classified as Level 3 in the fair value hierarchy).

We additionally hold other financial instruments, including cash and cash equivalents, receivables, accounts payable and long-term debt. The carrying amounts for cash and cash equivalents, receivables and accounts payable approximated their fair values due to the short-term nature of these instruments. The fair value of our total long-term debt, determined based on the bid and ask quotes for the related debt (Level 2), totaled $2.54 billion as of December 31, 2025 and $2.98 billion as of December 31, 2024.

The below fair value tables relate to our TRP pension plan assets (in thousands):



Fair value measurements as of Dec. 31, 2025	Level 1		Level 2		Level 3		Total
Assets:
Cash	$	12	$	—	$	—	$	12
U.S. Government securities		—		41,411		—		41,411
Total	$	12	$	41,411	$	—	$	41,423
Pension plan investments valued using net asset value as a practical expedient:
Common collective trust - equities								96,627
Common collective trust - fixed income								192,953
Partnership/joint venture interests								12
Total fair value of plan assets							$	331,015



Fair value measurements as of Dec. 31, 2024	Level 1		Level 2		Level 3		Total
Assets:
Cash	$	81	$	—	$	—	$	81
Pension plan investments valued using net asset value as a practical expedient:
Common collective trust - equities								68,146
Common collective trust - fixed income								269,665
Partnership/joint venture interests								10
Total fair value of plan assets							$	337,902

Valuation methodologies used for TRP pension assets measured at fair value in 2025 and 2024 are as follows:

Investments in U.S. government securities consist primarily of zero-coupon U.S. Treasury securities (STRIPS) issued by the U.S. Department of the Treasury. The full faith and credit of the United States government backs these securities. The securities are purchased at a discount and accrete to par value at maturity, with no periodic interest payments. The Plan's strategy for these investments is to provide high-quality, long-duration exposure to U.S. government obligations and to manage interest rate risk within the fixed income allocation. These securities are generally highly liquid and may be sold in the secondary market at prevailing market prices.

Interest in common/collective trusts are valued using the net asset value as a practical expedient provided monthly by the investment manager or fund company. As of December 31, 2025, there were primarily four investments in collective trusts of which three are fixed income funds, whose strategy is to use individual subfunds to efficiently add a representative sample of securities in individual market sectors to the portfolio. The remaining collective fund is invested in equity securities. The strategy of the fund is to generate returns predominantly from developed equity markets. The collective funds are generally redeemable with a short-term written or verbal notice. There are no unfunded commitments related to these types of funds.

Investments in partnerships are valued at the net asset value as a practical expedient reported by the fund managers. The Plan held an investment in one partnership in 2025. The partnership’s strategy is to generate returns through real estate-related investments. Certain distributions are received from this fund as the underlying assets are liquidated. Future funding commitments to our real estate partnership investment totaled $0.1 million as of both December 31, 2025 and 2024.

Our policy is to recognize transfers between levels at the beginning of the reporting period. There were no transfers between levels during the year.

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

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