Dish Prices $1.5 Billion of Notes
With retransmission consent impasses involving Standard Media, Cox Media Group and properties operated by Nexstar Media Group via shared services agreements clouding its operations in recent months, DISH Network has priced an offering of its 11.75% Senior Secured Notes due 2027. They'll be issued at a price of 102% of the principal amount.
Meet Cogeco’s New Directors
They were listed as Director nominees in Cogeco's information circular dated November 14, 2022. Now, the Montréal-based company has announced that each of these nominees were elected as a Cogeco director during its annual shareholders meeting, held in-person on Friday.
A Legendary Time At CES 2023 for iHeartMedia
John Legend performs at a VIP dinner party on January 5 hosted by iHeartMedia and MediaLink, in partnership with Delta Air Lines, at Intrigue at the Wynn in Las Vegas during CES 2023. A host of VIP attendees were present at the lavish affair.
Transmit.Live Announces Strategic Transaction Led by LionTree
Transmit.Live, a streaming advertising technology platform, has received "a majority growth investment" from an investor group led by a fund managed by LionTree. That's the global merchant bank with expertise in media and technology, and made the dollar injection in partnership with existing investor SC Holdings.
Is Gray’s Current Stock Price A Good Value?
On November 4, Gray Television shares dipped below the $9 mark. Today, they're heading toward a 5% gain from Wednesday and were priced at $11.25 with 30 minutes remaining in Thursday's trading. Is the stock still "a bargain?" Financial blog Simply Wall St. sought the answer to that question.
Another Difficult Day For Radio Stocks
The final Wednesday of 2022 proved to be a frustrating one for three key radio broadcasting companies with publicly traded stock. All suffered big declines with their respective shares, ahead of a 2023 that could be softer for advertising given the absence of political dollars.
What Does Townsquare Media’s Share Price Say?
That's a question financial blog Simply Wall St. sought the answer to. What's its conclusion? Stronger cash flows will likely feed into a higher share value, thus making it a strong investment opportunity.
When Will Spotify Reveal Its Q4 ’22 Results?
When will Spotify Technology S.A., a big "share of ear" challenger to Radio with millions of dollars of expenses going toward music royalties, post its results for the fourth quarter of 2022?
Wall Street’s ‘Bomb Cyclone’ Hits Radio’s Biggest Companies
With a historic winter weather system predicted to wreak havoc on holiday travel through the end of Friday night, many travelers are preparing for the worst when it comes to hiccups and headaches. On Wall Street, turmoil of its own was seen as investors scurried from the Nasdaq and NYSE.
A Fearsome Friday For iHeartMedia Shares
It's been a difficult week for long-term investors, with big dips on Wall Street seen on Thursday and through mid-afternoon Friday. Among the media companies getting battered by the market downturn is the nation's largest owner of broadcast radio stations.
Fubo Shares Slip As Streaming Service Suffers World Cup Cyberattack
On December 20, 2021, the company's shares, traded on the NYSE, reached $17.70 per share. By mid-July, FUBO had fallen to just above $2.50 per share. Now, fuboTV stock is at a fresh all-time low, as investors reacted to news from the company that it has been the victim of a cyberattack.
Bulls On Parade for Wall Street
U.S. financial markets started the week on a high note, with major indices moving ahead in Monday's trading. How did radio and television station owners perform?
Who Has Snapped Up Gray TV Shares In Big Numbers?
On October 31, Gray Television shares dipped to $8.97, a price last seen nine years earlier. Since then, shares have rebounded to the high $11 range. That's good news for an independent company director who recently upped his holdings to 44,738 shares worth approximately $507,776.
A Healthy Dividend Hike Comes From American Tower
When it comes to top performers on Wall Street for publicly traded companies with links to the broadcast media industry, American Tower Corp. has been one of the finest investments. Now, those with shares of "AMT," traded on the NYSE, are set to get rewarded with a dividend payment that's significantly higher than its last one.
Audacy Stock Slumps Again As All-Staff Meeting Chatter Fizzles
As word surfaced that Audacy Corp. conducted a mandatory all-staff meeting at 3pm Eastern, the company's beleaguered stock further withered on the NYSE, falling nearly 7% in trading on Wednesday. This put Audacy shares at roughly $0.27 per share. That Town Hall, as it turns out, was just a regular affair.