• Cristiano Bellavitis, Ph.D.

Tegna: Can Go 24% Higher


- Tegna is a media company that owns Cars.com and CareerBuilder.com (among others).

- The company is exploring strategic alternatives for these two assets.

- Recent rumors confirm that a private equity is negotiating the acquisition of CareerBuilder, with valuations in line with our estimates.

- A sum of the parts provides a valuation of $31.7, offering a 24% upside from current levels.

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