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Pay vs Performance Disclosure - USD ($)
5 Months Ended 7 Months Ended 12 Months Ended
Dec. 31, 2024
Aug. 12, 2024
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Pay vs Performance Disclosure              
Pay vs Performance Disclosure, Table    
Year
Summary
Compensation
Table Total
for PEO
(Mr. Steib)(1)
Compensation
Actually
Paid to
PEO
(Mr. Steib)(1)(2)
Summary
Compensation
Table Total
for PEO
(Mr. Lougee)(1)
Compensation
Actually
Paid
to PEO
(Mr. Lougee)(1)(2)
Average
Summary
Compensation
Table Total for
Non-PEO
NEOs(1)
Average
Compensation
Actually Paid
to Non-PEO
NEOs(1)(2)
Value of Initial Fixed
$100 Investment
Based on:
Net
Income
Attributable to
TEGNA Inc.
(in thousands)
Adjusted
EBITDA
(in thousands)(4)
TSR(3)
Peer
Group
TSR(3)
2024 $ 6,977,504 $ 9,153,889 $ 9,334,338 $ 12,295,252 $ 2,503,682 $ 2,560,199 $ 123.15 $ 87.01 $ 599,818 $ 931,472
2023 n/a n/a $ 10,965,633 $ 5,523,466 $ 2,387,339 $ 836,443 $ 99.69 $ 92.68 $ 476,724 $ 742,340
2022 n/a n/a $ 7,271,600 $ 9,933,343 $ 2,676,808 $ 3,360,805 $ 134.49 $ 105.70 $ 630,469 $ 1,131,903
2021 n/a n/a $ 6,958,477 $ 12,922,984 $ 2,485,626 $ 3,938,236 $ 115.72 $ 115.29 $ 476,955 $ 948,110
2020 n/a n/a $ 6,713,385 $ 6,052,469 $ 2,506,481 $ 2,081,797 $ 85.36 $ 94.71 $ 482,778 $ 1,024,293
(1)
Mr. Steib joined the Company as President and Chief Executive Officer on August 12, 2024, and became the PEO at that time. Mr. Lougee was the PEO from January 1, 2024 through August 12, 2024 (the date on which he retired from his position as the Company’s President and Chief Executive Officer and became a senior advisor to the Company), and for all of the years ended December 31, 2023, 2022, 2021, and 2020. For the year ended December 31, 2024, Ms. Heskett, Ms. Beall, Mr. Cox, Mr. Tolston and Ms. Fisher were the Non-PEO NEOs. For the year ended December 31, 2023, the Non-PEO NEOs were Ms. Beall, Ms. Fisher, Victoria Harker (former Executive Vice President and Chief Financial Officer), and Akin Harrison (former Senior Vice President and General Counsel). For the years ended December 31, 2022, 2021 and 2020, Ms. Beall, Ms. Harker and Mr. Harrison were the Non-PEO NEOs.
(2)
The following table sets forth the amounts that are deducted from, and added to, the Summary Compensation Table total compensation to calculate the Compensation Actually Paid (CAP), as determined in accordance with SEC rules, to the PEO and average CAP, as determined in accordance with SEC rules, to the Non-PEO NEOs for the years ended December 31, 2024, 2023, 2022, 2021, and 2020:
PEO (Mr. Steib)
PEO (Mr. Lougee)
Average for Non-PEO- NEOs
2024
2024
2023
2022
2021
2020
2024
2023
2022
2021
2020
Summary Compensation Table total
$ 6,977,504 $ 9,334,338 $ 10,965,633 $ 7,271,600 $ 6,958,477 $ 6,713,385 $ 2,503,682 $ 2,387,339 $ 2,676,808 $ 2,485,626 $ 2,506,481
Stock awards:(a)
Less: Stock awards (as reported on the Summary Compensation Table) $ (6,000,000) $ (6,050,000) $ (8,475,002) $ (4,875,013) $ (4,387,505) $ (4,387,505) $ (1,118,500) $ (1,481,253) $ (1,375,002) $ (1,126,503) $ (1,111,498)
Plus:
The fair value at the end of the year for all awards granted during the year that were outstanding and unvested at the end of the year $ 8,176,385 $ 8,231,033 $ 7,575,956 $ 4,574,871 $ 4,495,908 $ 4,356,277 $ 1,124,829 $ 1,121,723 $ 1,290,493 $ 1,154,794 $ 1,103,722
The change in fair value at the
end of the year compared to
the prior year for all awards
granted in the prior year that
were outstanding and
unvested at the end of the
year
$ 1,172,111 $ (2,960,427) $ 1,525,353 $ 4,716,432 $ (422,478) $ (186,588) $ (427,491) $ 369,748 $ 1,102,364 $ (143,482)
The change in the fair value at
the vesting date compared to
the prior year for all awards
granted in the prior year that
vested in the current year
$ (333,861) $ (1,532,272) $ 1,436,532 $ 1,145,137 $ (136,216) $ (45,394) $ (269,995) $ 398,757 $ 322,680 $ (50,389)
Less:
The fair value at the end of the prior year for awards granted in prior years that forfeited during the current year $ (135,729) $ (422,359)
The amounts reported as the
change in pension benefits,
which is the aggregate
change in actuarial present
value for all defined benefit
and actuarial pension plans.
$ (58,370) $ (50,421) $ (5,465) $ (70,994) $ (55,278) $ (71,520) $ (725) $ (223,037)
Compensation actually paid
$ 9,153,889 $ 12,295,252 $ 5,523,466 $ 9,933,343 $ 12,922,984 $ 6,052,469 $ 2,560,199 $ 836,443 $ 3,360,805 $ 3,938,236 $ 2,081,797
(a)
Includes Performance Share and RSU awards.
(3)
TSR assumes that an investment of $100 was made in our Common Stock and in each Peer Group company on December 31, 2019 and that all dividends were reinvested, and is measured by dividing total dividends (assuming dividend reinvestment) plus share price change between the beginning and end of the measurement period by the share price at the beginning of the measurement period. Our peer group includes E.W. Scripps Company, Gray Television, Inc., Nexstar Media Group, Inc., and Sinclair, Inc. (collectively, the “Peer Group”).
(4)
Adjusted EBITDA is a non-GAAP financial performance measure that we believe offers a useful view of the overall operation of our business. We define Adjusted EBITDA as net income attributable to TEGNA before (1) net (loss) income attributable to redeemable noncontrolling interest, (2) income taxes, (3) interest expense, (4) interest income, (5) other non-operating items, net, (6) the Merger termination fee, (7) M&A-related costs, (8) advisory fees related to activism defense, (9) employee retention costs, (10) workforce restructuring costs, (11) asset impairment and other, (12) earnout adjustments, (13) depreciation and (14) amortization of intangible assets.
(5)
Relationship between executive compensation and financial performance. The following charts reflect the relationship between the CAP to our PEO and average CAP to our non-PEO NEOs to our TSR (as well as a comparison of our TSR to our Peer Group TSR), our net income (loss), and our Adjusted EBITDA for each of the years ended December 31, 2024, 2023, 2022, 2021, and 2020:
[MISSING IMAGE: bc_tsr-pn.jpg]
[MISSING IMAGE: bc_netincome-pn.jpg]
[MISSING IMAGE: bc_adjustedebtida-pn.jpg]
(6)
The following is a list of the most important financial performance measures used by the Company to link CAP to Company performance for the most recently completed fiscal year.
Adjusted EBITDA
Free cash flow
Revenue
       
Company Selected Measure Name     Adjusted EBITDA        
Named Executive Officers, Footnote    
(1)
Mr. Steib joined the Company as President and Chief Executive Officer on August 12, 2024, and became the PEO at that time. Mr. Lougee was the PEO from January 1, 2024 through August 12, 2024 (the date on which he retired from his position as the Company’s President and Chief Executive Officer and became a senior advisor to the Company), and for all of the years ended December 31, 2023, 2022, 2021, and 2020. For the year ended December 31, 2024, Ms. Heskett, Ms. Beall, Mr. Cox, Mr. Tolston and Ms. Fisher were the Non-PEO NEOs. For the year ended December 31, 2023, the Non-PEO NEOs were Ms. Beall, Ms. Fisher, Victoria Harker (former Executive Vice President and Chief Financial Officer), and Akin Harrison (former Senior Vice President and General Counsel). For the years ended December 31, 2022, 2021 and 2020, Ms. Beall, Ms. Harker and Mr. Harrison were the Non-PEO NEOs.
       
Peer Group Issuers, Footnote    
(3)
TSR assumes that an investment of $100 was made in our Common Stock and in each Peer Group company on December 31, 2019 and that all dividends were reinvested, and is measured by dividing total dividends (assuming dividend reinvestment) plus share price change between the beginning and end of the measurement period by the share price at the beginning of the measurement period. Our peer group includes E.W. Scripps Company, Gray Television, Inc., Nexstar Media Group, Inc., and Sinclair, Inc. (collectively, the “Peer Group”).
       
Adjustment To PEO Compensation, Footnote    
(2)
The following table sets forth the amounts that are deducted from, and added to, the Summary Compensation Table total compensation to calculate the Compensation Actually Paid (CAP), as determined in accordance with SEC rules, to the PEO and average CAP, as determined in accordance with SEC rules, to the Non-PEO NEOs for the years ended December 31, 2024, 2023, 2022, 2021, and 2020:
PEO (Mr. Steib)
PEO (Mr. Lougee)
Average for Non-PEO- NEOs
2024
2024
2023
2022
2021
2020
2024
2023
2022
2021
2020
Summary Compensation Table total
$ 6,977,504 $ 9,334,338 $ 10,965,633 $ 7,271,600 $ 6,958,477 $ 6,713,385 $ 2,503,682 $ 2,387,339 $ 2,676,808 $ 2,485,626 $ 2,506,481
Stock awards:(a)
Less: Stock awards (as reported on the Summary Compensation Table) $ (6,000,000) $ (6,050,000) $ (8,475,002) $ (4,875,013) $ (4,387,505) $ (4,387,505) $ (1,118,500) $ (1,481,253) $ (1,375,002) $ (1,126,503) $ (1,111,498)
Plus:
The fair value at the end of the year for all awards granted during the year that were outstanding and unvested at the end of the year $ 8,176,385 $ 8,231,033 $ 7,575,956 $ 4,574,871 $ 4,495,908 $ 4,356,277 $ 1,124,829 $ 1,121,723 $ 1,290,493 $ 1,154,794 $ 1,103,722
The change in fair value at the
end of the year compared to
the prior year for all awards
granted in the prior year that
were outstanding and
unvested at the end of the
year
$ 1,172,111 $ (2,960,427) $ 1,525,353 $ 4,716,432 $ (422,478) $ (186,588) $ (427,491) $ 369,748 $ 1,102,364 $ (143,482)
The change in the fair value at
the vesting date compared to
the prior year for all awards
granted in the prior year that
vested in the current year
$ (333,861) $ (1,532,272) $ 1,436,532 $ 1,145,137 $ (136,216) $ (45,394) $ (269,995) $ 398,757 $ 322,680 $ (50,389)
Less:
The fair value at the end of the prior year for awards granted in prior years that forfeited during the current year $ (135,729) $ (422,359)
The amounts reported as the
change in pension benefits,
which is the aggregate
change in actuarial present
value for all defined benefit
and actuarial pension plans.
$ (58,370) $ (50,421) $ (5,465) $ (70,994) $ (55,278) $ (71,520) $ (725) $ (223,037)
Compensation actually paid
$ 9,153,889 $ 12,295,252 $ 5,523,466 $ 9,933,343 $ 12,922,984 $ 6,052,469 $ 2,560,199 $ 836,443 $ 3,360,805 $ 3,938,236 $ 2,081,797
(a)
Includes Performance Share and RSU awards.
       
Non-PEO NEO Average Total Compensation Amount     $ 2,503,682 $ 2,387,339 $ 2,676,808 $ 2,485,626 $ 2,506,481
Non-PEO NEO Average Compensation Actually Paid Amount     $ 2,560,199 836,443 3,360,805 3,938,236 2,081,797
Adjustment to Non-PEO NEO Compensation Footnote    
(2)
The following table sets forth the amounts that are deducted from, and added to, the Summary Compensation Table total compensation to calculate the Compensation Actually Paid (CAP), as determined in accordance with SEC rules, to the PEO and average CAP, as determined in accordance with SEC rules, to the Non-PEO NEOs for the years ended December 31, 2024, 2023, 2022, 2021, and 2020:
PEO (Mr. Steib)
PEO (Mr. Lougee)
Average for Non-PEO- NEOs
2024
2024
2023
2022
2021
2020
2024
2023
2022
2021
2020
Summary Compensation Table total
$ 6,977,504 $ 9,334,338 $ 10,965,633 $ 7,271,600 $ 6,958,477 $ 6,713,385 $ 2,503,682 $ 2,387,339 $ 2,676,808 $ 2,485,626 $ 2,506,481
Stock awards:(a)
Less: Stock awards (as reported on the Summary Compensation Table) $ (6,000,000) $ (6,050,000) $ (8,475,002) $ (4,875,013) $ (4,387,505) $ (4,387,505) $ (1,118,500) $ (1,481,253) $ (1,375,002) $ (1,126,503) $ (1,111,498)
Plus:
The fair value at the end of the year for all awards granted during the year that were outstanding and unvested at the end of the year $ 8,176,385 $ 8,231,033 $ 7,575,956 $ 4,574,871 $ 4,495,908 $ 4,356,277 $ 1,124,829 $ 1,121,723 $ 1,290,493 $ 1,154,794 $ 1,103,722
The change in fair value at the
end of the year compared to
the prior year for all awards
granted in the prior year that
were outstanding and
unvested at the end of the
year
$ 1,172,111 $ (2,960,427) $ 1,525,353 $ 4,716,432 $ (422,478) $ (186,588) $ (427,491) $ 369,748 $ 1,102,364 $ (143,482)
The change in the fair value at
the vesting date compared to
the prior year for all awards
granted in the prior year that
vested in the current year
$ (333,861) $ (1,532,272) $ 1,436,532 $ 1,145,137 $ (136,216) $ (45,394) $ (269,995) $ 398,757 $ 322,680 $ (50,389)
Less:
The fair value at the end of the prior year for awards granted in prior years that forfeited during the current year $ (135,729) $ (422,359)
The amounts reported as the
change in pension benefits,
which is the aggregate
change in actuarial present
value for all defined benefit
and actuarial pension plans.
$ (58,370) $ (50,421) $ (5,465) $ (70,994) $ (55,278) $ (71,520) $ (725) $ (223,037)
Compensation actually paid
$ 9,153,889 $ 12,295,252 $ 5,523,466 $ 9,933,343 $ 12,922,984 $ 6,052,469 $ 2,560,199 $ 836,443 $ 3,360,805 $ 3,938,236 $ 2,081,797
(a)
Includes Performance Share and RSU awards.
       
Compensation Actually Paid vs. Total Shareholder Return     [MISSING IMAGE: bc_tsr-pn.jpg]        
Compensation Actually Paid vs. Net Income     [MISSING IMAGE: bc_netincome-pn.jpg]        
Compensation Actually Paid vs. Company Selected Measure     [MISSING IMAGE: bc_adjustedebtida-pn.jpg]        
Total Shareholder Return Vs Peer Group     [MISSING IMAGE: bc_tsr-pn.jpg]        
Tabular List, Table    
(6)
The following is a list of the most important financial performance measures used by the Company to link CAP to Company performance for the most recently completed fiscal year.
Adjusted EBITDA
Free cash flow
Revenue
       
Total Shareholder Return Amount     $ 123.15 99.69 134.49 115.72 85.36
Peer Group Total Shareholder Return Amount     87.01 92.68 105.7 115.29 94.71
Net Income (Loss)     $ 599,818,000 $ 476,724,000 $ 630,469,000 $ 476,955,000 $ 482,778,000
Company Selected Measure Amount     931,472,000 742,340,000 1,131,903,000 948,110,000 1,024,293,000
PEO Name Mr. Steib Mr. Lougee          
Measure:: 1              
Pay vs Performance Disclosure              
Name     Adjusted EBITDA        
Non-GAAP Measure Description    
(4)
Adjusted EBITDA is a non-GAAP financial performance measure that we believe offers a useful view of the overall operation of our business. We define Adjusted EBITDA as net income attributable to TEGNA before (1) net (loss) income attributable to redeemable noncontrolling interest, (2) income taxes, (3) interest expense, (4) interest income, (5) other non-operating items, net, (6) the Merger termination fee, (7) M&A-related costs, (8) advisory fees related to activism defense, (9) employee retention costs, (10) workforce restructuring costs, (11) asset impairment and other, (12) earnout adjustments, (13) depreciation and (14) amortization of intangible assets.
       
Measure:: 2              
Pay vs Performance Disclosure              
Name     Free cash flow        
Measure:: 3              
Pay vs Performance Disclosure              
Name     Revenue        
Mr. Steib [Member]              
Pay vs Performance Disclosure              
PEO Total Compensation Amount     $ 6,977,504        
PEO Actually Paid Compensation Amount     9,153,889        
Mr. Lougee [Member]              
Pay vs Performance Disclosure              
PEO Total Compensation Amount     9,334,338 $ 10,965,633 $ 7,271,600 $ 6,958,477 $ 6,713,385
PEO Actually Paid Compensation Amount     12,295,252 5,523,466 9,933,343 12,922,984 6,052,469
PEO | Mr. Steib [Member] | Aggregate Change in Present Value of Accumulated Benefit for All Pension Plans Reported in Summary Compensation Table              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount            
PEO | Mr. Steib [Member] | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount     (6,000,000)        
PEO | Mr. Steib [Member] | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount     8,176,385        
PEO | Mr. Steib [Member] | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount            
PEO | Mr. Steib [Member] | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount            
PEO | Mr. Steib [Member] | The End of the Prior Year for Awards Granted in Prior Years that Forfeited [Member]              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount            
PEO | Mr. Lougee [Member] | Aggregate Change in Present Value of Accumulated Benefit for All Pension Plans Reported in Summary Compensation Table              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount     (58,370) (50,421) (5,465) (70,994)
PEO | Mr. Lougee [Member] | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount     (6,050,000) (8,475,002) (4,875,013) (4,387,505) (4,387,505)
PEO | Mr. Lougee [Member] | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount     8,231,033 7,575,956 4,574,871 4,495,908 4,356,277
PEO | Mr. Lougee [Member] | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount     1,172,111 (2,960,427) 1,525,353 4,716,432 (422,478)
PEO | Mr. Lougee [Member] | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount     (333,861) (1,532,272) 1,436,532 1,145,137 (136,216)
PEO | Mr. Lougee [Member] | The End of the Prior Year for Awards Granted in Prior Years that Forfeited [Member]              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount    
Non-PEO NEO | Aggregate Change in Present Value of Accumulated Benefit for All Pension Plans Reported in Summary Compensation Table              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount     (55,278) (71,520) (725) (223,037)
Non-PEO NEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount     (1,118,500) (1,481,253) (1,375,002) (1,126,503) (1,111,498)
Non-PEO NEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount     1,124,829 1,121,723 1,290,493 1,154,794 1,103,722
Non-PEO NEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount     (186,588) (427,491) 369,748 1,102,364 (143,482)
Non-PEO NEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount     (45,394) (269,995) 398,757 322,680 (50,389)
Non-PEO NEO | The End of the Prior Year for Awards Granted in Prior Years that Forfeited [Member]              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount     $ (135,729) $ (422,359)