TEGNA Completes Acquisition of Dispatch Broadcast Group’s Leading, Top Ranked Stations in Indianapolis, IN and Columbus, OH
TEGNA Inc. (NYSE: TGNA) today announced it has completed its previously announced acquisition of Dispatch Broadcast Groups #1 rated stations in Indianapolis, Indiana and Columbus, Ohio.
- TEGNA Inc. (NYSE: TGNA) today announced it has completed its previously announced acquisition of Dispatch Broadcast Groups #1 rated stations in Indianapolis, Indiana and Columbus, Ohio.
- These acquisitions further enhance our commitment to excellence in local journalism while creating value for our shareholders.
- TEGNA expects the transaction to be EPS accretive within a year and immediately accretive to free cash flow per share.
- Leverage is expected to increase to approximately 4.9 times, inclusive of the previously announced acquisition of the Nexstar-Tribune divestiture stations.