
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.

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.