Tegna reported their 2nd quarter earnings and while you might think that the Rona would have given the company a hit to their bottom line, Tegna’s earnings were up 8% over last years.

Of course, last year, Tegna did not make every employee take a week off without pay.

Tegna proudly reported total revenue of $578 million.

Their subscription revenue, where they gouge the cable and satellite customer for more money was up to $323 million, which is almost a 40% increase.

In talking about the earnings, Tenga CEO Dave Lougee said, “Our second quarter performance reflects our ability to execute on Tegna’s five-pillar strategy in any economic environment.”

I’m guessing the first pillar is furloughing employees since that is exactly what Tegna did and the very start of the pandemic. While issuing furloughs is often the last resort for a company, Tegna fast-tracked the furlough train right to the front of the line.

Lougee added that he expects that the company will be raking in more big bucks from political. “We are also positioned to benefit from anticipated record political advertising spending this year”, Lougee said.

Hmmmmm? Maybe he can use some of that record money to pay back the employees that went without pay.

I don’t know about you, but if I was a Tegna employee and heard Lougee tell shareholders how well the company is doing, I would be pissed as hell.

As he spoke, I’d be like….