Tegna making a big bet, on itself
(World News USA)

McLean-based Tegna is banking on itself in a big way. The company`s board of directors has authorized Tegna`s first ever share repurchase program, during which it will buy back $300 million of its common stock over three years. `We are initiating our buyback program because at current market prices, we believe TEGNA´s stock represents a strong buying opportunity,` CEO Dave Lougee said in a release. `It is significantly undervalued relative to both its recent and expected future performance.` Tegna`s... ......