TEGNA Inc. (NYSE:TGNA) Q1 2024 Earnings Call Transcript

Unidentified Analyst: And the leverage question.

Julie Heskett: And the leverage question. We’re, obviously, very comfortable, and in this cautious environment, we have an industry-leading balance sheet. So remaining under three times feels appropriate in this environment.

Unidentified Analyst: What about going under two times at any point at all of that?

Julie Heskett: No.

Unidentified Analyst: Okay.

Operator: Thank you. At this time, I would like to turn the call back over to Dave for his closing remarks.

David Lougee: Thank you, operator. As you can tell, we feel very good about our positioning as we talked about here in the Q&A, relative to how we’re poised going forward. Given our balance sheet, the excellence of our management team, and leveraging again, once again, that operational excellence. It’s always been a hallmark of this company to restructure our core operating model and create a new cost structure for our business going forward. We look forward to updating on all things next quarter. And so thanks for everyone and taking the time to join us today. And if you have additional questions, please reach out to Julie at 703-873-6747. Thanks and good day.

Operator: Ladies and gentlemen. This concludes today’s conference call. Thank you for your participation. You may now disconnect.