Kroenke Sports & Entertainment and TEGNA Extend Broadcast Agreement for Denver Nuggets and Colorado Avalanche Games

Kroenke Sports & Entertainment extends partnership with TEGNA to broadcast 40 Denver Nuggets and Avalanche games on local stations.

Quiver AI Summary

Kroenke Sports & Entertainment (KSE) has renewed its broadcasting agreement with TEGNA to air 20 Denver Nuggets and 20 Colorado Avalanche games for free on Denver's 9NEWS and My20 stations. KSE President Kevin Demoff expressed excitement about the continuation of this partnership, which has proven to be popular with fans, allowing nearly 3.5 million viewers in the Denver area to watch the games. This season will feature 40 games total, with a handful being broadcast simultaneously on both stations. TEGNA's Senior VP Mark Cornetta highlighted the success of last year's broadcasts and the commitment to providing fans access to their favorite teams. Games will be produced by Altitude Sports, featuring familiar commentators. Additionally, fans can access games through the Altitude+ app or various local TV providers.

Potential Positives

Extension of the broadcast agreement with TEGNA allows free access to 40 games for nearly 3.5 million viewers in the Denver metro area, enhancing community engagement.
The partnership promotes a fan-first approach, reinforcing KSE's commitment to its audience and encouraging viewership during key sports seasons.
Successful viewership last season, with millions tuning in to watch teams advance in playoffs, indicates strong community support and potential for increased future engagement.
Strengthening multi-platform access through Altitude+ enhances user experience and broadens audience reach across various devices.

Potential Negatives

Extending the broadcast agreement may suggest a lack of innovative marketing strategies or alternative revenue streams to attract a wider audience beyond current partnerships.
The annual subscription price for Altitude+ may deter fans who are unable or unwilling to pay for access, potentially limiting viewership and engagement.
While broadcasting games for free over-the-air can be seen positively, it might raise concerns about the financial viability of relying on partnerships and traditional broadcasting in the evolving media landscape.

FAQ

What is the recent announcement from Kroenke Sports & Entertainment?

Kroenke Sports & Entertainment announced an extension of their agreement with TEGNA to broadcast 40 Denver Nuggets and Colorado Avalanche games.

How many games will be broadcast for free?

There will be 20 Denver Nuggets games and 20 Colorado Avalanche games broadcast for free over the air.

Which channels will air the games?

The games will be aired on Denver’s 9NEWS (KUSA-TV) and My20 (KTVD-TV).

Is there an option to stream the games online?

Yes, Denver Nuggets and Avalanche games can be streamed on the Altitude+ app for subscribers.

Who are the announcers for the games?

The games will feature fan-favorite announcers including Chris Marlowe and Marc Moser for their respective teams.

Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.

$TGNA Insider Trading Activity

$TGNA insiders have traded $TGNA stock on the open market 1 times in the past 6 months. Of those trades, 0 have been purchases and 1 have been sales.

Here’s a breakdown of recent trading of $TGNA stock by insiders over the last 6 months:

LYNN B. TRELSTAD (EVP and COO, Media Operations) sold 40,000 shares for an estimated $636,800

To track insider transactions, check out Quiver Quantitative's insider trading dashboard.

$TGNA Hedge Fund Activity

We have seen 168 institutional investors add shares of $TGNA stock to their portfolio, and 208 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

ROYAL BANK OF CANADA added 3,737,808 shares (+696.5%) to their portfolio in Q2 2025, for an estimated $62,645,662
WASATCH ADVISORS LP added 3,184,505 shares (+5517.6%) to their portfolio in Q2 2025, for an estimated $53,372,303
FULLER & THALER ASSET MANAGEMENT, INC. added 2,611,848 shares (+106.9%) to their portfolio in Q2 2025, for an estimated $43,774,572
BALYASNY ASSET MANAGEMENT L.P. removed 1,091,643 shares (-100.0%) from their portfolio in Q2 2025, for an estimated $18,295,936
MILLENNIUM MANAGEMENT LLC removed 938,835 shares (-36.8%) from their portfolio in Q2 2025, for an estimated $15,734,874
QUANTEDGE CAPITAL PTE LTD removed 870,296 shares (-100.0%) from their portfolio in Q2 2025, for an estimated $14,586,160
QUBE RESEARCH & TECHNOLOGIES LTD added 747,747 shares (+1790.0%) to their portfolio in Q2 2025, for an estimated $12,532,239

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.

$TGNA Analyst Ratings

Wall Street analysts have issued reports on $TGNA in the last several months. We have seen 3 firms issue buy ratings on the stock, and 0 firms issue sell ratings.

Here are some recent analyst ratings:

Wells Fargo issued a "Overweight" rating on 08/11/2025
Guggenheim issued a "Buy" rating on 07/02/2025
Benchmark issued a "Buy" rating on 05/09/2025

To track analyst ratings and price targets for $TGNA, check out Quiver Quantitative's $TGNA forecast page.

$TGNA Price Targets

Multiple analysts have issued price targets for $TGNA recently. We have seen 4 analysts offer price targets for $TGNA in the last 6 months, with a median target of $20.0.

Here are some recent targets:

Curry Baker from Guggenheim set a target price of $19.0 on 08/22/2025
Steven Cahall from Wells Fargo set a target price of $22.0 on 08/11/2025
David Karnovsky from JP Morgan set a target price of $18.0 on 05/21/2025
Daniel Kurnos from Benchmark set a target price of $21.0 on 05/09/2025

Full Release

DENVER and TYSONS, Va., Sept. 22, 2025 (GLOBE NEWSWIRE) -- Kroenke Sports & Entertainment (KSE) today announced the extension of its successful agreement with TEGNA (NYSE: TGNA) to broadcast 20 Denver Nuggets games and 20 Colorado Avalanche games for free over-the-air on Denver’s 9NEWS (KUSA-TV) and My20 (KTVD-TV).

“We couldn’t be more excited to bring this fan-first partnership with TEGNA back for another year,” said Kevin Demoff, president of team and media operations, KSE. “Last season’s overwhelming community response to this partnership reinforced our commitment to ensuring that the fans who support the Nuggets and Avs can cheer on their favorite teams even when they can’t be with us at Ball Arena.”

The broadcast agreement with TEGNA Denver stations 9NEWS and My20 will enable nearly 3.5 million people in the Denver metro area to access games for free over-the-air. Last season, millions of viewers tuned in to the stations to watch the Nuggets advance to the NBA’s Western Conference Semifinals and the Avalanche earn their place in the NHL’s Stanley Cup Playoffs. This season, a total of 40 games from the two hometown teams will air on KTVD, with five Nuggets games and five Avalanche games broadcast simultaneously on 9NEWS, Denver’s NBC affiliate and sports powerhouse.

“After last year’s tremendous success as the official over-the-air broadcast home of the Denver Nuggets and Colorado Avalanche, we’re excited to continue this partnership for another season,” said Mark Cornetta, senior vice president, media operations, TEGNA. “The response last year exceeded our expectations, and we’re proud to once again provide Denver fans with the ability to watch their beloved Nuggets and Avs play.”

Games airing on 9NEWS and My20 will continue to be produced by Altitude Sports and will feature the same fan-favorite talent, with Chris Marlowe, Scott Hastings, Vic Lombardi, Katy Winge, and Christopher Dempsey on Nuggets coverage, and Marc Moser, Mark Rycroft, John-Michael Liles, Kyle Keefe, and Rachel Tos for Avs games. For the full schedule of games available on the stations, go to 9NEWS.com .

Altitude Sports Carriers
In advance of the Nuggets and Avalanche seasons, Altitude Sports continues to be available throughout its nine-state territory on Xfinity TV, DIRECTV, DIRECTV STREAM, Fubo and various other local providers. Fans can visit AltitudeSports.com/howtowatch to find a provider in their area.

More On Altitude+
Every Altitude Sports broadcast of the Denver Nuggets and Colorado Avalanche can be streamed on the newly upgraded Altitude+ app and website. Altitude+ is available as a complimentary TV Everywhere (TVE) service for customers who currently subscribe to a TV package from a distribution partner that includes Altitude Sports, or direct-to-consumer for $199.99 per year or $19.95 per month.

Fans who live in Altitude’s nine-state broadcast territory can sign in or subscribe by visiting AltitudePlus.com, gaining access to all of Altitude’s programming, including live Nuggets and Avalanche games, pre- and post-game coverage, full episodes of Altitude Sports originals, plus regional collegiate coverage of Colorado State, University of Denver, and Air Force Academy athletics.

The Altitude+ app is available for download on iOS and Android devices, as well as Apple TV, Android TV, Roku, and Amazon Fire Stick, ensuring fans can stay connected on their preferred device.

For more information about Altitude+ visit AltitudePlus.com .

About Kroenke Sports & Entertainment
Denver-based Kroenke Sports & Entertainment is one of the world’s leading ownership, entertainment and management groups. As owners and operators of the Denver Nuggets (NBA), Colorado Avalanche (NHL), Colorado Mammoth (NLL), Colorado Rapids (MLS), Ball Arena, Paramount Theatre, and Dick’s Sporting Goods Park, KSE’s sports and entertainment assets are second to none. Additional properties under the KSE umbrella include Altitude Sports & Entertainment, the 24-hour regional television network, and Altitude Authentics, the company’s official retail provider. For more information, visit BallArena.com .

About TEGNA
TEGNA Inc. (NYSE: TGNA) helps people thrive in their local communities by providing the trusted local news and services that matter most. With 64 television stations in 51 U.S. markets, TEGNA reaches more than 100 million people monthly across the web, mobile apps, connected TVs, and linear television. Together, we are building a sustainable future for local news. For more information, visit TEGNA.com .

About Altitude Sports
Seen in a nine-state territory, Altitude Sports is the television network of the Denver Nuggets, Colorado Avalanche, and Colorado Mammoth. Altitude Sports broadcasts University of Denver sports (including hockey, basketball, soccer, volleyball, gymnastics, and lacrosse), the Air Force Academy (football, basketball, and hockey), as well as other local and regional sports, entertainment, and public service programming. A full list of Altitude Sports programming and other information can be found at AltitudeSports.com .

For Kroenke Sports & Entertainment media inquiries, contact:
Jim Mulvihill
720-385-9149
[email protected]

For TEGNA media inquiries, contact:
Molly McMahon
703-873-6422
[email protected]