trending Market Intelligence /marketintelligence/en/news-insights/trending/tu-ircymqd9barmaoghakg2 content esgSubNav
In This List

TEGNA buys Midwest Television's San Diego broadcasting stations

Blog

Corporate Credit Risk Trends in Developing Markets An Expected Credit Loss ECL Perspective

Blog

Highlighting the Top Regional Aftermarket Research Brokers by Sector Coverage

Blog

TMT Digital Newsletter: May 2021

Blog

Fintech Intelligence Digital Newsletter: May 2021


TEGNA buys Midwest Television's San Diego broadcasting stations

TEGNA Inc. closed the acquisition of Midwest Television Inc.'s broadcasting stations in San Diego.

TEGNA now owns KFMB-TV, the CBS (US) affiliated station in San Diego, KFMB-D2 and radio broadcast stations KFMB-AM and KFMB-FM in San Diego, the company said Feb. 15.

TEGNA now owns or operates 47 television stations and two radio stations in 39 markets.

The company expects the transaction to be accretive to EPS by a few cents within the first 12 months after close, and immediately accretive to free cash flow. TEGNA funded the transaction through the use of available cash and borrowing under its existing revolving credit facility.