TEGNA Inc. Reports Strong 2016 Second Quarter Results

Posted
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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