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Broadcasting & Cable
Broadcasting & Cable
Business
Jon Lafayette

Tegna Earnings Down 65% Amid Absence of Political Ads

Tegna building in McLean, Virginia.

The drop in political ad spending in 2023 sharply reduced Tegna’s fourth-quarter profits and revenue.

Net income fell 65% to $76.1 million, or 40 cents a share, from $218.6 million, or 97 cents a share, a year ago, the company reported.

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