TEGNA Inc. Reports Strong 2016 Second Quarter Results

Highlights for the second quarter include the following:
GAAP earnings from continuing operations of $0.45 per diluted share compared to $0.17 per
diluted share in the second quarter last year
. Non-GAAP
earnings from continuing operations
of $0.50 per diluted share, an increase of 67 percent year-over-year
Total company revenues up 7 percent, 9 percent on a pro forma basis, driven by strong Media
and Digital Segment performances
Media Segment revenues 10 percent higher including significant increases in retransmission
and political advertising revenues
Digital Segment revenues up 4 percent and 7 percent higher on a pro forma basis
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