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TEGNA Expands Role of Chief Growth Officer Tom Cox

1. Tom Cox expands role in TEGNA to enhance distribution efforts. 2. Cox will oversee station affiliations with major networks like NBC and CBS. 3. His leadership is expected to strengthen relationships with distribution partners. 4. Cox has completed over 50 transactions, enhancing TEGNA's station portfolio. 5. TEGNA reaches over 100 million users monthly across various platforms.

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FAQ

Why Bullish?

Cox's expanded role may lead to better distribution partnerships, positively affecting TGNA's revenue stability.

How important is it?

The announcement of leadership and distribution strategy indicates a strategic focus that impacts TGNA's growth and operational effectiveness.

Why Long Term?

Strengthening partnerships and leadership can enhance TGNA's market position over time, similar to past performance improvements following leadership changes.

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TYSONS, Va., Feb. 17, 2025 (GLOBE NEWSWIRE) -- TEGNA Inc. (NYSE: TGNA) today announced that Tom Cox is stepping into an expanded role leading the company’s distribution efforts. In his new role, Cox will oversee TEGNA’s long-standing station affiliation partnerships with NBC, CBS, ABC, and Fox, in addition to the multichannel distribution of its stations’ valuable local news programming, premium network content, and live sports. “With 20 years of deep, cross-functional media experience, Tom is the right leader to take on this expanded role,” said Mike Steib, TEGNA’s CEO. “By working with our content and distribution partners, he’ll help strengthen the media ecosystem and ensure a bright future for local news and the communities we serve.” “I continue to be deeply motivated by our mission and I’m excited to serve our more than 100 million monthly users by deepening our relationships with our key distribution partners,” added Tom Cox. In addition to his new responsibilities, Cox will continue to direct M&A and business development for the company. He will also continue to oversee Premion’s connected TV advertising business. Cox joined TEGNA in 2011 as senior vice president and head of corporate development. He has completed more than fifty transactions since then, comprising a wide array of deal structures and nearly $10 billion in transactions, significantly growing TEGNA’s portfolio of leading local stations. About TEGNA TEGNA Inc. (NYSE: TGNA) helps people thrive in their local communities by providing the trusted local news and services that matter most. Together, we are building a sustainable future for local news. With 64 television stations in 51 U.S. markets, TEGNA reaches more than 100 million people on an average monthly basis across the web, mobile apps, streaming, and linear television. For more information, visit TEGNA.com. For media inquiries, contact:Anne BentleyVice President, Chief Communications Officer 703-873-6366abentley@TEGNA.com         For investor inquiries, contact:Julie HeskettSenior Vice President, Chief Financial Officer 703-873-6747investorrelations@TEGNA.com A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/3a7f9b9e-f9ce-4366-b90c-1e56388f5a30 Tom Cox In expanded role, Tom Cox will oversee TEGNA’s station affiliation partnerships, multichannel distri...

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