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TEGNA Inc. Reports Record 2020 Fourth Quarter and Full-Year Results, Provides First Quarter and Full-Year 2021 Outlook By Staff 4 weeks ago Results reflect ongoing execution of long-term strategy and strength of operations, with record performance including unprecedented political advertising revenues, continued strength of high-margin and recurring subscription revenues, record GAAP net income of $483 million and more than $1 billion in Adjusted EBITDA Company exceeds full-year 2020 guidance provided prior to the COVID-19 pandemic for all key financial metrics 2021 first quarter and full-year guidance driven by significant subscription revenue growth and improving advertising and marketing services (“AMS”) revenues; AMS expected to finish positive in the first quarter after continuous sequential quarterly improvements since the height of the pandemic in the second quarter of 2020

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