Shares of Tegna rallied almost 9% on Wednesday after the broadcasting and digital media company reported better-than-expected preliminary 4Q results and reinitiated its share repurchase program. Tegna is scheduled to report its 4Q results on March 1, 2021. Tegna ( TGNA ) expects 4Q revenues to generate between $932 million and $937 million, reflecting a year-over-year increase of 34%-35%. Double-digit growth in sales reflects strong subscription revenues and benefits from political advertising, the company noted. The fourth-quarter revenue forecast range compared favorably to Street estimates of about $898 million.