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Tegna Reaffirms $900M-$1.1B Free Cash Flow Outlook Through 2025 Amid Digital and Cost-Cutting Push
ByAinvest
Thursday, Aug 7, 2025 12:54 pm ET1min read
Tegna reaffirms its free cash flow outlook of $900M-$1.1B through 2025, while accelerating digital and cost-cutting initiatives. The company's president and CEO, Michael F. Steib, highlighted Tegna's strengths, including strong local brands, high-quality journalism, loyal audiences, and a healthy balance sheet. Steib also mentioned positive regulatory momentum.
TEGNA Inc. (NYSE: TGNA) has reaffirmed its two-year adjusted free cash flow guidance of $900 million to $1.1 billion for the 2024/2025 period, signaling confidence in future cash generation. The company reported its Q2 2025 financial results, with total revenue decreasing by 5% to $675 million, primarily driven by lower political advertising revenue and advertising and marketing services (AMS) revenue [1]. Despite this, the company achieved key financial metrics, including adjusted EBITDA of $151 million and net income of $68 million.Michael F. Steib, the company's president and CEO, highlighted Tegna's strengths, including strong local brands, high-quality journalism, loyal audiences, and a healthy balance sheet. He also mentioned positive regulatory momentum. Steib emphasized progress on strategic initiatives, such as expanding local news coverage and improving technology infrastructure. The company added over 100 hours of new daily local programming across more than 50 markets, enhancing its content offering and strengthening its market presence [1].
Additionally, Tegna successfully renewed station affiliation agreements with FOX Corporation for six markets, which is expected to bolster revenue streams and operational stability. The company's stations received a total of 59 Regional Edward R. Murrow Awards, showcasing its commitment to quality journalism and enhancing its reputation in the media industry [1].
Looking ahead, Tegna expects an 18-20% decline in Q3 revenue due to typical election year fluctuations. The company's COO, Lynn Beall, will retire at the end of August, recognized for her significant contributions to the company and industry [1].
References:
[1] https://www.quiverquant.com/news/TEGNA+Inc.+Reports+Q2+2025+Financial+Results%2C+Confirms+Two-Year+Adjusted+Free+Cash+Flow+Guidance
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