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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Income Statement [Abstract]        
Revenues $ 713,243 $ 803,111 $ 2,185,076 $ 2,362,115
Operating expenses:        
Cost of revenues [1] 438,260 428,891 1,295,720 1,260,576
Business units - Selling, general and administrative expenses 98,394 98,582 294,734 300,136
Corporate - General and administrative expenses 13,552 13,367 52,158 48,299
Depreciation 15,083 15,219 45,119 46,058
Amortization of intangible assets 13,297 14,953 40,175 44,952
Asset impairment and other 0 (159) 3,359 (322)
Merger termination fee 0 0 (136,000) 0
Total 578,586 570,853 1,595,265 1,699,699
Operating income 134,657 232,258 589,811 662,416
Non-operating (expense) income:        
Equity loss in unconsolidated investments, net (256) (178) (776) (4,225)
Interest expense (43,418) (43,406) (129,121) (129,976)
Other non-operating items, net 33,072 1,310 44,264 16,764
Total (10,602) (42,274) (85,633) (117,437)
Income before income taxes 124,055 189,984 504,178 544,979
Provision for income taxes 27,801 43,827 103,827 132,595
Net Income 96,254 146,157 400,351 412,384
Net (income) loss attributable to redeemable noncontrolling interest (71) (92) 240 (516)
Net income attributable to TEGNA Inc. $ 96,183 $ 146,065 $ 400,591 $ 411,868
Earnings per share:        
Basic (in dollars per share) $ 0.48 $ 0.65 $ 1.86 $ 1.84
Diluted (in dollars per share) $ 0.48 $ 0.65 $ 1.86 $ 1.83
Weighted average number of common shares outstanding:        
Basic shares (in shares) 200,779 223,968 214,297 223,456
Diluted shares (in shares) 201,218 224,921 214,591 224,221
[1] 1 Cost of revenues exclude charges for depreciation and amortization expense, which are shown separately.