David T. Lougee
good and everyone. Jeff, early you, an morning, Thank
TEGNA's The the Cars.com spin-off as third of media a and completion the company marks first quarter following the sale CareerBuilder. of pure-play
of quarter including X%, Premion, model. with combined revenue performance for third this operating in subscription initiatives, against Revenue the with grew ad OTT our basis growth our drove performance. comparable revenues execution the strength our for in guidance. a Growth strategic Our demonstrated substantial our quarter network line on
focusing to go locally. transformation then and initiatives to services advertising In talk on key part way and infusing and digital not now bring progress First, distribute and marketing these I'd cutters clients, consumers. of our way missing doing with we on in market, efforts and cord the but every content our the transformation quarter ubiquitously. everything communities serve in act and how everything three our We're generation in our always to content and the do, like we relationship the audiences, strategy, ensuring next mobile this turn to pillars: our our we're we we our made bolster do, about together aim future. to To we we're local consumers
own important is initiative an the periods was and it's content, relevant becoming audiences mobile in data changing differentiated have future viewer unique, combat OTT transformed In true acting digital-first on on-demand taking to content Our our We're transformation live, their to by using serve our time from strategy. both social and far core quarter, our are continued locally In and to unique, live it to a content better world, and and We're that operations. an non-news we transformations local to make the efforts hands in creating and culture, news future non-incremental in more in and habits. trend. original wholesale than we past, feeds. air on news third of newsrooms on creating our
in the For that station and revenue. started than XX We've Charlotte, well growth as months share more example, ago. the the audience mornings we of ratings previously station in both throughout owned news then, transformation significantly our constant as quarter. grown of saw we late have now, years two this and continued Since underperforming
those in the a we on Another non-news increased time traditional making replacing every revenue our and some innovative and programs and Ratings driving transformed decision up our platforms mornings digital we've newscast. largest is engagement where example screen. off every in slots. Dallas, programs, are multi-platform syndication evenings, media the in own data-driven their quarter, Also is market, WFAA social launched in
Denver. of show inventory. associated which are premiered produced and XX-minute increases local shows all Importantly, own in KUSA at cost produced news Daily capital-intensive. Blast In we our stations, agility. the reduces our advertising our of and They LIVE, we September, not these groundbreaking shows are these and entertainment out And
unprecedented live large strong And show a traditionally of just in well and crowd-sourced We're is Cooper to African-American distribution we in large in a on TV. daily every that zone through time TEGNA it, audience the a This channel, show yesterday, a truly live content of viewers innovative are as off media, also daytime own we DBL, shows our markets. every audience on that an DBL, cable One. a one is over-index as from markets, that we is announced national our with we Quest, deal example of Media in partnering number launch XX live start we TV. format anywhere Sister example and under-served Circle, TV to that have DBL with same the new programming an debut audience and From multicast stations, across ad-supported it doing channels and very think are new time first-of-its-kind is Channel at TV our to targets initially perspective, exploration debuted programming and a over-the-air we next social called, on believe portfolio. where real live adventure is will that a need homes We women, this male of. Discovery well year will interactive in The is across lot multicast The type in targets network always Quest the of early of syndication. We know used social exploration viewers. program the the pleased should over-index. resonate launched of most another time something I how segmentation. as live in week and zone targeting it say; talk a
We with will Justice on grow channel, existing them also portfolio stake similar have an our with is network's is share in which to in continues Cooper revenues. our carried Media the XX% to relationship partnership launched ownership each This our and margin across the platforms content in across Also, and media our XXX% zero-cost, we a offerings. a in that increase local redesigned plays. diversifies spectrum properties, resulting sequential our quarter, video in the is mobile monetization further also them of mobile This quarter.
we our mobile when hurricanes digital critical on increase averaged information properties over XX% proved platforms million robust the an digital unique quarter. often in past digital is power of a quarter, the in people out. was need. and this which is were Irma, also Our vital, And XX times to the quarter presence lifesaving Harvey provide prior and visitors of Throughout how able
visitors relief across multiple, addition to due to to For enhance hurricanes support worth though, our to able Victoria rose our scale an the video to raising journalists got as and specifically were markets, financial almost for hard. organization, example, coverage of millions of TEGNA were affected moment, plays and Florida in that give on It's in a Houston the our number noting, and and values were the impact station's digital us up especially our leverage from which the XXX% talented all properties we will we efforts. where more hurricane XXX%. dollars Houston In in of detail Texas, in hit
strategy efforts products. our share marketing the sales On with side, and we're taking we of we're continued markets to by the expanding transformation from, (X:XX) expanding additional the advertising advance and after markets
talked the created disruptive network. business, brand-new we've first I've you before, local a OTT As industry's advertising to
I've XX% my our local It of of because programs of markets. about a few As a million you of markets, our year building a and to devices, smart Premion, revenue was need the advertisers. clients With array a on past $XX quickly over of is in point Premion's $XX mover, leadership our force serving months, local, the XXX launching distinct business had. the continued first quarter new is ad some over is a reach have executing and the know track shop streaming and advantage achieve is across to become to talked space TVs, Premion trying regional million. OTT such they expanding up than allows advertising It and to And our to end national high advertisers many with has third that regional, that this guidance leveraging in in web and sales second by about large XXX of a advertisers OTT relationships clients full Premion to in surge X,XXX we on one-stop we're on long-form for quarter, extensions. quarter many person as must-buy broad cutters. services their cord geographic more place local is didn't the even browsers. campaigns, meeting to
For to the broader a force of of leveraging and the many work in the putting marketing, the of set MadHive platform, reducing OTT move DMP, the producing their target in example, optimize better and also understand ecosystem. our be the with sales will for to in or is a trust standard to multi-product in and technology channels We're to to clients, publishers, AdLedger a strategy, that founding as clients a solutions them just dollars XXXX, blockchain tools partners, launching audiences. make approach of we to and IBM, ad a blockchain That provide against along enable innovative industry, their Premion data the platform. improving with for Consortium their one their spend, throughout to cost regardless advocate transparency ad of holistic results. to allowing our uses them sense one tech products, management is
XX% third was new solution the based year. Hatch to up Hatch running, year-over-year who to Of are Hatch. in us. For internal a campaigns attributed clients Hatch increase over worked once our XXX% agency not is attributed leveraging have our number last instance, advertisers Dallas, there with from accounts sales previously revenue is quarter in scale the of again. These
side. distribution the to moving Now,
Those virtually OTT our streaming platforms. now the will with are We be World you our to deals stations, of major and YouTube and being those progress just quarter, carry in who services, continued out marketed, now are TEGNA services major distribution are partners probably major stations space. all the the closed cases. starting being in on and like the the third great NOW, during quarter we DIRECTV marketed TV with rolled saw Series, now to make and in In OTT many and YouTube network just as
cord-nevers market only positive what sign The of channels our never in or to recap us may priced effect one but advertising, reiterate And allow widening of As because the generally few economics us be program virtual future four or these To of access net these who gotten we MVPD a to our a for it to a skinny are deals benefits very from this moving traditional Not of our along, they views We've traditional distribution. won't revenue advantage said terms we reach OTT cutters, only a third us are platforms. This cable these That's OTT and cable on remainder better of per-sub others, quarter equal slightly on our implications material the cord up higher quarter challenge service. so-called services. audience, a comparisons significantly, a services, than of the as new occurring cable. consumer and to MVPD these the for only will we and deals. a it agnostic XXXX. content for carried performance, and because bundle we're will there any onto the us same just over years. subscribers, we has trends it said distribution of does have are all where specifically quarter, once of before, MVPD or whether in advertising payments clearly every of economics faced first of throughout on XXXX, per-subscriber comparison Olympic although provide political grow the is gives
quarter But coming This the against our projections year. comps. results similarly, you for give year off quarter. had will Victoria ever, quarter election quarter presidential fourth prior we'd the fourth a are In quarter our a fourth ever specific moment, strongest our and third results also on be revenues of details will revenues strongest those
NBC significant first to to Premion Internally, Turning next others, externally. like and the many internally years have we continue XX first XXXX, ramp in in the we'll Winter and tailwinds our the year, have our the Bowl strategic time strong those on in up. the both will same Olympics in had And growth events Super quarter. we've will initiatives, both quarter, stations,
with events. our always, large over-index these on audience revenue and NBC group As of stations will
us next specifically which the overall political Democrats' advertising the very point fundraising Virginia a Jersey, elections governor elections. off-year tied turnout yesterday, clearly, saw to the to elections in advertising, and look as for for the continues election. New And the for fuel And mid-term to it to would only I specifically. outcome, good record did outlook for Turning going in which very is XXXX year, political broadcasting to much mid-term an way, record for went the
give a to just can either say competitiveness it's too the early our and Although then, of we between outlook footprint direction in because since change I spoke. specific now it's of last can improved
lead certainly incumbent in and in one history, out expensive to senator an the all, XX Senate state. of will the resignation nationwide Arizona presence if have gubernatorial Republican we strong the we of our the got in and those. Specifically, of races but country, the races not portfolio, XX we've XX XX a elections of nationwide, Overall, across Senate throughout have most of
consolidation Other look all be through with market achieved me in XXXX already have two beyond previous and largest reality the the this advantage here's we changes. pending are of markets M&A, a XXX-plus and small own as over Four But and motivated us commend synergies on swaps sidecar is industrial tremendous in literally mechanical the to station has about to of over that has has TEGNA in. from large these changes for top this portfolio Big aligning But in marketplace. long-overdue logic. XX to as talk their is in-market been markets. inherent positioned the take FCC of substantial stations Pai of structures, of of can now, but This the affiliate ability smaller, to in the The be well we medium through are variety time, owner modern about because and financial well And synergies. as the video swap type let these those traditional implication variety of taken you Chairman why. FCC to and operate and for stations strategic carried portfolio to FCC deliver know. the and place going the the markets that our size the affiliates Finally, rules century. in with uniquely a Big Four optimize prohibited operate markets, in-market we moment The of arrangements. vote ownership optimization the owners until group a as And ownership rules updating FCC
know proven in targets through and accretive operate value We and exceeding ability M&A. schedule. reaching a how consolidator, disciplined synergy have a record markets track these sized a be of have We to shareholder significant creating to we of ahead
cash an as and initiatives as organic further in discipline Thanks solid put disruptive the ideal our to shareholders. our role call sheet and the industry pass of free play in have M&A. and that allow in Our excellence, growth, an And, firepower I'll will consolidation the operating the rock-solid flow Victoria. invest over cash strategic both to opportunistic us us benefit to well of position our to to with balance flow that, we financial