Broadcasting Stocks

Meredith Corporation as you knew it is now another faded company of broadcast media's past, as Gray Television on Wednesday completed its $2.8 billion merger and subsequent spin-off of its non-local broadcast television assets to the Barry Diller-led IAC.

When it comes to the top leadership at Townsquare Media, drumming up interest from institutional investors has been seen since the days of Steven Price and Dhruv Prasad, who each held the role of CEO prior to Bill Wilson. Next week, Wilson will be presenting alongside Townsquare's CFO at another key investor affair.

With Monday's Closing Bell on Wall Street, Beasley Media Group shares have nearly erased all of its 2021 momentum. As such, the stock is ever-closer to its pandemic-era lows and more than $11 per share below where it stood four years ago.

Just days after President/CEO David Field snapped up more shares of his company's stock, Audacy Inc. stock on Wednesday continued its month-long downturn. As the clock struck 2pm Eastern, AUD was down to a price last seen in late December 2020.

With Audacy Inc. shares just five cents higher than where they sat on January 4, the company's Chairman and President/CEO has acted by acquiring nearly 120,000 shares of stock in the audio content and distribution company he leads.

In mid-February 2021, Audacy Inc. shares were priced at $6.26 per share, swiftly rising from a $2.80 per share price seen in early January. By mid-March, a slow and steady deceleration for the company's NYSE-traded stock would commence. By November 1, AUD seemingly seemed content on staying in the mid-$3 range. With Thursday's Closing Bell, Audacy's shares have now retreated to where they sat on January 4.

A hybrid return to normalcy offers a brighter outlook for film and broadcast station advertising, while posing challenges to momentum for subscription streaming, broadband and global pay TV amid persistent semiconductor supply constraints. That's according to the just-released 2022 Technology, Media, and Telecom (TMT) Outlook from S&P Global Market Intelligence.

Spotify Technology S.A. has entered into a definitive agreement to acquire a company described as a "global leader in digital audiobook distribution." Terms of the transaction were not disclosed.

Townsquare Media CEO Bill Wilson and CFO Stu Rosenstein are confirmed as attendees of the upcoming "Q4 Virtual Investor Summit." For Wilson, the event comes just 24 hours after the conclusion of Forecast 2022, for which he is a co-chair.

The broadcast television station licensee that is on target to complete its merger with Meredith Local Media within the next eight weeks has completed its offering of $1.3 billion in aggregate principal amount of 5.375% senior notes due 2031.

What can investors and analysts expect to see from Audacy Inc.? Seeking Alpha offers its take on what could come from the audio content creator and distributor that in addition to radio stations owns big podcast producers Cadence13 and Pineapple Street.

Salem Media Group, which beat the street with positive growth in the third quarter of 2021, has confirmed that it will be one of a list of presenters at the event formerly known as the MicroCap Conference.

For investors, getting in to Nexstar Media Group would involve purchasing the company's stock at a record high, as NXST has surged from $57.73 in March 2020. For Simply Wall St., snapping up shares today may still be beneficial. Why? Nexstar is going ex-Dividend next week.

Last week, Jeffrey Wlodarczak, the Principal and Entertainment/Interactive Subscription Services Analyst at Pivotal Research Group, gave Spotify a glowing assessment in his latest investor note. Now, another analyst is heaping praise on the streaming audio giant. And, that pushed the company's stock past a major threshold in Monday's trading.

An all-important referendum on whether or not Urban One can move forward with plans to build its second casino gaming resort is being put to voters in Richmond, Va., on Tuesday. Does polling suggest that the plan may not win voter approval? Urban One's leader says no. Yet, shares were down by double-digits on Friday.