Political spending amounted to $10.5 million in the fourth quarter, down from $92.4 million in the fourth quarter 2014.
The McLean, Va.-based TV group, formerly known as Gannett Co., witnessed a 7% improvement in core local and national advertising to $296.3 million for its media segment -- its TV stations.
Digital TV-related revenue grew 15% to $31.1 million. Overall TV station revenues sank 6.6% to $462.2 million.
Tegna Media includes 46 television stations and is the largest independent station group of major network affiliates in the top 25 markets, covering one-third of all U.S. television households.
Retrans revenues were up nearly 30% to $119.9 million.
It expects first-quarter revenues to climb 10% to 12% from political advertising, retrans fees, and digital revenue.
Tegna’s pure digital businesses -- Cars.com and CareerBuilder -- slipped 1.2% to $339.3 million, with Cars.com revenues 5.7% higher and CareerBuilder’s revenues seeing a 4.2% decline.
Total fourth-quarter revenue was down 4.4% to $805.3 million with net income down 67.7% to $155.9 million. Mid-day trading of Tegna’s stock was up 1.4% to $22.48.