But You're Still Furloughed

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Tegna employees will be happy to learn that the company’s revenue for the first quarter of the year was up 32% to $684 million bucks.

Retransmission money came in at $333 million dollars.

Tegna CEO Dave Lougee says, “…we have strengthened and diversified our revenue streams, as well as reinforced our balance sheet to increase liquidity and flexibility to manage through this period of volatility” adding, “…we continue to invest in the future and execute on our strategy for Tegna shareholders over the long-term.”

I’m sure the Tegna employees that are serving out their furlough’s this week are really happy to see that the company is doing so well and making sure the shareholders are happy.