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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Income Statement [Abstract]        
Revenues $ 710,363 $ 731,506 $ 1,424,615 $ 1,471,833
Operating expenses:        
Cost of revenues [1] 432,044 430,528 862,611 857,460
Business units - Selling, general and administrative expenses 94,938 97,231 197,198 196,340
Corporate - General and administrative expenses 12,685 26,506 27,483 38,606
Depreciation 15,173 14,987 29,483 30,036
Amortization of intangible assets 13,663 13,296 27,323 26,878
Asset impairment and other 0 3,359 1,097 3,359
Merger termination fee 0 (136,000) 0 (136,000)
Total 568,503 449,907 1,145,195 1,016,679
Operating income 141,860 281,599 279,420 455,154
Non-operating (expense) income:        
Interest expense (41,748) (42,797) (84,116) (85,703)
Interest income 5,873 8,536 11,446 16,109
Other non-operating items, net (2,749) (3,038) 147,009 (5,437)
Total (38,624) (37,299) 74,339 (75,031)
Income before income taxes 103,236 244,300 353,759 380,123
Provision for income taxes 21,207 44,207 82,468 76,026
Net Income 82,029 200,093 271,291 304,097
Net loss attributable to redeemable noncontrolling interest 115 12 413 311
Net income attributable to TEGNA Inc. $ 82,144 $ 200,105 $ 271,704 $ 304,408
Earnings per share:        
Basic (in dollars per share) $ 0.48 $ 0.92 $ 1.56 $ 1.37
Diluted (in dollars per share) $ 0.48 $ 0.92 $ 1.55 $ 1.37
Weighted average number of common shares outstanding:        
Basic shares (in shares) 169,512 217,830 173,668 221,168
Diluted shares (in shares) 169,880 217,979 174,158 221,391
[1] Cost of revenues exclude charges for depreciation and amortization expense, which are shown separately.