TEGNA names Brent Denny as president of Indianapolis TV stations

TYSONS, Va. - TEGNA Inc. (NYSE:TGNA), a media company with a market capitalization of $3.4 billion and an impressive "GREAT" financial health rating according to InvestingPro, announced Thursday that Brent Denny has been appointed president and general manager of WTHR, its NBC affiliate, and WALV, its MeTV affiliate, both serving Indianapolis, effective immediately.

Denny, who brings more than 30 years of broadcast experience to the role, has worked at the stations for the past 11 years in progressively senior positions, most recently as director of sales. In this capacity, he focused on revenue growth and strengthening advertiser relationships.

Prior to joining WTHR/WALV, Denny spent over eight years at WISH-TV/WNDY in Indianapolis in various leadership roles, including director of national and regional sales. His earlier career included a position as national sales manager at WOOD-TV in Grand Rapids.

"He has proven himself to be a tremendous talent, fostering a strong, collaborative team and building deep relationships within the community," said Larry Delia, senior vice president at TEGNA, in the press release.

In his new position, Denny will be responsible for the stations’ financial performance, business strategy, and operations serving Central Indiana.

Denny holds a Bachelor of Arts degree in Broadcast and Cinematic Arts with a minor in Theatre from Central Michigan University.

TEGNA operates 64 television stations across 51 U.S. markets, reaching more than 100 million people monthly through various platforms. The company maintains a solid 2.38% dividend yield and has demonstrated strong profitability with $452.67 million in net income over the last twelve months. According to InvestingPro analysis, TEGNA appears undervalued based on its Fair Value assessment, with 12 additional ProTips available to subscribers. For comprehensive insights into TEGNA’s financial performance and future prospects, investors can access the detailed Pro Research Report, part of InvestingPro’s coverage of 1,400+ top US stocks.

In other recent news, TEGNA Inc. has been at the center of significant developments. The company reported its second-quarter 2025 earnings, revealing an earnings per share (EPS) of $0.44, which surpassed analyst expectations of $0.36 by 22.22%. Despite this earnings beat, broader market concerns led to a cautious investor outlook. Nexstar Media Group announced a definitive agreement to acquire TEGNA for $6.2 billion, an all-cash transaction that values TEGNA at $22 per share. This acquisition represents a 31% premium over TEGNA’s average 30-day stock price ending August 8, 2025, and has been unanimously approved by TEGNA’s board of directors. In light of the acquisition announcement, Guggenheim downgraded TEGNA’s stock rating from Buy to Neutral. The downgrade followed the removal of a previous $19 price target. These recent developments highlight key changes impacting TEGNA and its investors.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.