TEGNA Management

Management criteria checks 2/4

TEGNA's CEO is Dave Lougee, appointed in Jun 2017, has a tenure of 6.92 years. total yearly compensation is $10.97M, comprised of 8.9% salary and 91.1% bonuses, including company stock and options. directly owns 0.42% of the company’s shares, worth €9.64M. The average tenure of the management team and the board of directors is 6.6 years and 6.9 years respectively.

Key information

Dave Lougee

Chief executive officer

US$11.0m

Total compensation

CEO salary percentage	8.9%
CEO tenure	6.9yrs
CEO ownership	0.4%
Management average tenure	6.6yrs
Board average tenure	6.9yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Dave Lougee's remuneration changed compared to TEGNA's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	US$11m	US$975k	US$475m
Sep 30 2023	n/a	n/a	US$618m
Jun 30 2023	n/a	n/a	US$668m
Mar 31 2023	n/a	n/a	US$600m
Dec 31 2022	US$7m	US$975k	US$630m
Sep 30 2022	n/a	n/a	US$541m
Jun 30 2022	n/a	n/a	US$523m
Mar 31 2022	n/a	n/a	US$498m
Dec 31 2021	US$7m	US$975k	US$477m
Sep 30 2021	n/a	n/a	US$592m
Jun 30 2021	n/a	n/a	US$595m
Mar 31 2021	n/a	n/a	US$508m
Dec 31 2020	US$7m	US$916k	US$482m
Sep 30 2020	n/a	n/a	US$321m
Jun 30 2020	n/a	n/a	US$239m
Mar 31 2020	n/a	n/a	US$299m
Dec 31 2019	US$6m	US$950k	US$286m
Sep 30 2019	n/a	n/a	US$363m
Jun 30 2019	n/a	n/a	US$408m
Mar 31 2019	n/a	n/a	US$420m
Dec 31 2018	US$5m	US$950k	US$401m
Sep 30 2018	n/a	n/a	US$544m
Jun 30 2018	n/a	n/a	US$502m
Mar 31 2018	n/a	n/a	US$458m
Dec 31 2017	US$5m	US$908k	US$448m

Compensation vs Market: Dave's total compensation ($USD10.97M) is above average for companies of similar size in the German market ($USD2.58M).

Compensation vs Earnings: Dave's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.

CEO

Dave Lougee (64 yo)

6.9yrs

Tenure

US$10,965,633

Compensation

Mr. David T. Lougee, also known as Dave, has been the Chief Executive Officer, Director and President of TEGNA Inc. since June 1, 2017. Mr. Lougee has been the President of Gannett Broadcasting, Inc. (Broa...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
David Lougee	President	6.9yrs	US$10.97m	0.42% $ 9.6m
Lauren Fisher	Senior VP & Chief Legal Officer	less than a year	US$1.58m	0.00048% $ 11.1k
Lynn Beall	Executive VP & COO of Media Operations	6.9yrs	US$3.86m	0.15% $ 3.4m
Julie Heskett	Senior VP & CFO	less than a year	no data	0.017% $ 397.0k
Kurt Rao	Senior VP & CTO	6.1yrs	no data	no data
Doug Kuckelman	Head of Investor Relations	4.2yrs	no data	no data
Anne Bentley	VP of Corporate Communications & Chief Communications Officer	7.1yrs	no data	no data
Jeffery Newman	Senior VP & Chief Human Resources Officer	7.1yrs	no data	no data
William Behan	Senior Vice President of Labor Relations	14.2yrs	no data	no data
Howard Griffin	Senior Vice President of National Sales - USA Today Network	13.5yrs	no data	no data
Tom Cox	Senior VP of Digital & Chief Growth Officer	less than a year	no data	0.061% $ 1.4m
Brad Ramsey	Senior VP of Media Operations and President & GM of WFAA -Dallas/Fort Worth	6.3yrs	no data	no data

6.6yrs

Average Tenure

55yo

Average Age

Experienced Management: GTT's management team is seasoned and experienced (6.6 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
David Lougee	President	6.9yrs	US$10.97m	0.42% $ 9.6m
Howard Elias	Independent Chairman of the Board	15.6yrs	US$753.33k	0.0018% $ 40.7k
Stuart Epstein	Independent Director	6.3yrs	US$278.33k	0.027% $ 625.7k
Henry McGee	Independent Director	8.9yrs	US$290.00k	0% $ 0
Neal Shapiro	Independent Director	16.6yrs	US$268.33k	0.015% $ 338.4k
Melinda Witmer	Independent Director	6.4yrs	US$283.33k	0.020% $ 470.8k
Gina Bianchini	Independent Director	6.3yrs	US$258.33k	0.019% $ 439.1k
Karen Grimes	Independent Director	4.3yrs	US$225.00k	0.016% $ 364.1k
Scott McCune	Independent Director	15.6yrs	US$290.00k	0.042% $ 967.3k

6.9yrs

Average Tenure

65yo

Average Age

Experienced Board: GTT's board of directors are considered experienced (6.9 years average tenure).

TEGNA Management

Management criteria checks 2/4

Key information

Recent management updates

TEGNA Inc. Announces Executive Changes

TEGNA Inc. Appoints Rick Rogala as President at WBNS in Columbus, Ohio, Effective February 26, 2024

TEGNA Inc., Annual General Meeting, Apr 24, 2024

TEGNA Names Byron Wilkinson President and General Manager at KVUE in Austin

TEGNA Inc. Names Brian Gregory President and General Manager at WVEC in Norfolk, Effective December 18, 2023

TEGNA Inc. Appoints Doug Wieder President At KARE in Minneapolis

Recent updates

TEGNA Inc. to Report Q1, 2024 Results on May 08, 2024

New major risk - Financial position

TEGNA Inc. Provides Earnings Guidance for the First Quarter 2024

Full year 2023 earnings released: EPS: US$2.30 (vs US$2.82 in FY 2022)

TEGNA Inc. Announces Executive Changes

Upcoming dividend of US$0.11 per share

Third quarter dividend of US$0.11 announced

TEGNA Inc. Declares Regular Quarterly Dividend, Payable on April 1, 2024

TEGNA Inc. Appoints Rick Rogala as President at WBNS in Columbus, Ohio, Effective February 26, 2024

TEGNA Inc. to Report Q4, 2023 Results on Feb 29, 2024

TEGNA Inc., Annual General Meeting, Apr 24, 2024

TEGNA Names Byron Wilkinson President and General Manager at KVUE in Austin

TEGNA Inc. Names Brian Gregory President and General Manager at WVEC in Norfolk, Effective December 18, 2023

Upcoming dividend of US$0.11 per share at 2.9% yield

TEGNA Inc. (NYSE:TGNA) announces an Equity Buyback for $325 million worth of its shares.

TEGNA Inc. Provides Earnings Guidance for the Fourth Quarter of 2023

New major risk - Revenue and earnings growth

Third quarter 2023 earnings released: EPS: US$0.48 (vs US$0.65 in 3Q 2022)

TEGNA Inc. Declares Regular Quarterly Dividend, Payable on January 2, 2024

TEGNA Inc. Appoints Doug Wieder President At KARE in Minneapolis

TEGNA Inc. Appoints Kristie Gonzales as President and General Manager at WXIA, TEGNA’s NBC affiliate in Atlanta, and WATL, Effective October 23, 2023

TEGNA Inc. to Report Q3, 2023 Results on Nov 07, 2023

Tegna Inc. Appoints Carrie Hofmann as President

Executive VP & COO of Media Operations recently sold €555k worth of stock

Upcoming dividend of US$0.11 per share at 2.7% yield

Insufficient new directors

TEGNA Inc. Announces Retirement of Board Members, Effective on August 17, 2023

Tegna Inc. Announces CFO Changes

TEGNA Inc. Provides Earnings Guidance for the Third Quarter of 2023

Tegna Inc. Announces Appointment of Valerie Guyton as President At KWES, KIDY and KXVA in West Texas

TEGNA Inc., Annual General Meeting, Aug 17, 2023

TEGNA Inc. Announces Resignation of Akin S. Harrison as Senior Vice President and General Counsel, Effective June 30, 2023

An affiliate of Standard General L.P. cancelled the acquisition of remaining 94.2% stake in TEGNA Inc. (NYSE:TGNA) from BlackRock, Inc. (NYSE:BLK), The Vanguard Group, Inc., Boston Partners Global Investors, Inc. and others.

TEGNA Inc. Declares Quarterly Dividend, Payable on July 3, 2023

First quarter 2023 earnings released: EPS: US$0.47 (vs US$0.60 in 1Q 2022)

TEGNA Inc. to Report Q1, 2023 Results on May 10, 2023

Upcoming dividend of US$0.095 per share at 2.2% yield

Full year 2022 earnings released: EPS: US$2.82 (vs US$2.15 in FY 2021)

Now 21% undervalued

Now 21% undervalued after recent price drop

Upcoming dividend of US$0.095 per share

Insufficient new directors

Third quarter 2022 earnings released: EPS: US$0.65 (vs US$0.58 in 3Q 2021)

TEGNA Inc. Declares Regular Quarterly Dividend, Payable on January 3, 2023

Upcoming dividend of US$0.095 per share

Second quarter 2022 earnings released: EPS: US$0.59 (vs US$0.48 in 2Q 2021)

TEGNA Announces Quarterly Dividend Payable on October 3, 2022

TEGNA Inc. to Report Q2, 2022 Results on Aug 08, 2022

TEGNA Inc. Announces Retirement of Susan Ness from the Board of Directors

TEGNA Inc. Names John Treviño as President and General Manager of KBMT-KJAC in Southeast Texas, Effective June 13, 2022

Upcoming dividend of US$0.095 per share

TEGNA Inc., Annual General Meeting, Jun 21, 2022

First quarter 2022 earnings released: EPS: US$0.60 (vs US$0.51 in 1Q 2021)

TEGNA Stations to Debut New Live, Local and Always on Streaming Apps and Channels

Insufficient new directors

TEGNA Inc. to Report Q1, 2022 Results on May 09, 2022

Tegna Inc. Names Humberto Hormaza as President and General Manager at WTIC-WCCT in Hartford, Effective March 7, 2022

Full year 2021 earnings: Revenues and EPS in line with analyst expectations

An affiliate of Standard General L.P. entered into a definitive agreement to acquire remaining 95.1% stake in TEGNA Inc. (NYSE:TGNA) for $5.2 billion.

Tegna Reportedly in Advanced Sale Talks with Standard General About Potential Buyout

Upcoming dividend of US$0.095 per share

Third quarter 2021 earnings released: EPS US$0.58 (vs US$0.60 in 3Q 2020)

Tegna Confirms Acquisition Offers After Report of Bids from Apollo, Byron Allen

Investor sentiment improved over the past week

TEGNA Launches Quest Streaming App Experience Bringing Viewers Hundreds of Hours of Adventure Reality Content

Upcoming dividend of US$0.095 per share

Second quarter 2021 earnings released: EPS US$0.48 (vs US$0.091 in 2Q 2020)

Upcoming dividend of US$0.095 per share

TEGNA Inc. Provides Revenue Guidance for the Second Quarter of 2021