Georgia Senate runoff races generate $50M in political advertisements for TEGNA

While Georgians may be happy to see an end to the deluge of political ads, broadcast companies are tallying the money spent by campaigns and outside groups to get their messages onto the screens of Georgia voters in the weeks since the general election. Political advertising drove revenue growth by approximately 35% year-over-year at TEGNA Inc. (NYSE: TGNA) in the fourth quarter of 2020, according to preliminary financial results released Wednesday.  TEGNA expects fourth quarter revenue to amount…

While Georgians may be happy to see an end to the deluge of political ads, broadcast companies are tallying the money spent by campaigns and outside groups to get their messages onto the screens of Georgia voters in the weeks since the general election. Political advertising drove revenue growth by approximately 35% year-over-year at TEGNA Inc. (NYSE: TGNA) in the fourth quarter of 2020, according to preliminary financial results released Wednesday.  TEGNA expects fourth quarter revenue to amount…

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