TEXT-EXTRACT 2 filename2.txt United States securities and exchange commission logo May 6, 2024 David T. Lougee Chief Executive Officer TEGNA INC 8350 Broad Street Suite 2000 Tysons, Virginia 22102-5151 Re: TEGNA INC Form 10-K for the fiscal year ended December 31, 2023 Form 8-K filed February 29, 2024 Response dated April 15, 2024 File No. 001-06961 Dear David T. Lougee: We have reviewed your April 15, 2024 response to our comment letter and have the following comment. Please respond to this letter within ten business days by providing the requested information or advise us as soon as possible when you will respond. If you do not believe a comment applies to your facts and circumstances, please tell us why in your response. After reviewing your response to this letter, we may have additional comments. Unless we note otherwise, any references to prior comments are to comments in our April 1, 2024 letter. Form 10-K for the fiscal year ended December 31, 2023 Management's Discussion and Analysis of Financial Condition and Results of Operations Free cash flow reconciliation, page 40 1. We note your response to prior comment 2. Please clarify how changing the name of a measure used to review the performance of your business to "Adjusted free cash flow" reflects its nature (i.e., as a non-GAAP performance measure). In addition, explain how presenting this measure for a two-year period is consistent with the requirement per Item 10(e)(1)(i)(B) of Regulation S-K to reconcile a non-GAAP measure to the most directly comparable measure calculated and presented in accordance with GAAP. Also, as noted in our prior comment, help us better understand why you appear to be making cash-based adjustments to a non-GAAP performance measure. We refer you to Questions 100.04 and 100.05 in the Compliance and Disclosure Interpretations on Non-GAAP Financial David T. Lougee TEGNA INC May 6, 2024 Page 2 Measures. Please contact Morgan Youngwood at 202-551-3479 or Stephen Krikorian at 202-551- 3488 if you have questions regarding comments on the financial statements and related matters. FirstName LastNameDavid T. Lougee Sincerely, Comapany NameTEGNA INC Division of Corporation Finance May 6, 2024 Page 2 Office of Technology FirstName LastName