A Big Dividend Bump Comes For Nexstar Shareholders
Nexstar Media Group shareholders who are awaiting a big benefit from holding the TV station owner's stock through its merger with Tribune Media are poised to receive a significant bonus from the Dallas-based company.
What’s Ailing Entercom Shares Now?
On Dec. 18, Entercom Communications shares reached $5.16, its highest closing price since a huge Aug. 6, 2019, slide in value. It appears ETM is suffering from another dip in share price, with Thursday's opening price poised to be its lowest since November 7.
A Sea Of Green On Wall Street
U.S. financial markets were on the rise Tuesday, and radio and TV companies were among the many companies experiencing gains from Monday's closing bell. Cumulus Media stood out among the radio companies for noteworthy rises, with CMLS up 33 cents to $14.48. The same can be said for iHeartMedia, with shares up 31 cents to $18.15.
Will TEGNA’s Q4 Results Bump High-Flying Shares Even Higher?
TEGNA's Q4 performance could greatly determine whether or not the company's publicly traded shares continue their best performance since fall 2015. At the same time, investors are likely eager to get any sort of insight into how Soo Kim and his Standard General fit into TEGNA's future -- if, at all.
Coronavirus In U.S.? Sell Your Stocks, Investors Say
U.S. media companies publicly trading on Wall Street were swept up in a large slide of stock prices on Friday. Why? It seems investors were reacting to reports that suggested the Centers for Disease Control would announce a third case of coronavirus in the U.S. It is also keeping an eye on 60 more people who may or may not have the illness, Barrons reports.
Is A CFO Departure Unfairly Harming CMLS?
In an announcement distributed just after the Jan. 9 Closing Bell on Wall Street, Cumulus Media revealed that EVP/CFO John Abbot will exit the company following the distribution of its Q4 and full-year 2019 results. Since then, the radio broadcasting company's stock has been in a free-fall. There's no word of yet as to who will succeed Abbot.
Entravision’s Five-Year Stock Slide Continues
Hispanic media company Entravision is struggling: Its radio stations are underperformers, its Headway digital arm is exposed to a ravaged Argentine Peso, and its TV stations aren't lighting up the world, either. Investors have reacted on Wall Street, with EVC heading to a fresh five-year low on Thursday.
For Wall Street, iHeart On The Right Path
While the radio industry has been vociferous in its negative reaction to widespread job cuts in the programming and on-air realms at the nation's No. 1 owner of AM and FM stations, Wall Street has sung a different tune. The slicing of employee salary and benefits at a company with $5.75 billion in debt is perhaps a good thing. As such, iHeart stock is at a post-bankruptcy high.
Canadian Analysts Relooking Their Corus Views
The company missed its earnings per share forecasts by 7.5%. Its radio stations in key markets such as Canada's largest, Toronto, lag those of its competitors. Corus Entertainment has its challenges, and analysts in Canada are now revising their forecasts, Simply Wall Street notes.
Markets End The Week Up
U.S. financial markets moved ahead on Friday, as the Dow Jones Industrial Average rose 50.05 to 29,347.69. The Nasdaq composite index gained 31.81, ending the day’s trading session at 9,388.94.
Townsquare Shares Top $10 Threshold
It was early November 2017 when investors last saw such a lofty closing price for Townsquare Media stock. On much higher than normal volume, TSQ enjoyed a banner Wednesday on Wall Street, rising 2.9% to finish at more than $10 per share.
Nexstar Shares Surge To A New Record High
The trends were there. Still, it was possible Nexstar Media Group shares wouldn't follow a dip-and-jump pattern consistently seen since 2015, considering the huge advances seen in the last year. There is no need to fear: NXST is doing what it was expected to do by reaching another all-time high on Tuesday.
Behind Entercom’s New ‘Value Advantage’
There's a new "Value Advantage" backing Entercom Communications stock. It's thanks to the acquisition of a big chunk of the radio broadcasting company's publicly traded issues by JP Morgan Chase & Co.
Are Insiders Buying EVC Shares At Fresh Five-Year Lows?
In October 2015, Hispanic consumer-focused multimedia company Entravision's shares topped $8.75 per share. Today, they are worth close to 75% less in value. With shares on a steady downturn, Simply Wall St. asks if insiders are taking advantage of the weak share price by snapping up stock.
TEGNA’s Preliminary Q4 Results Look Strong
The TV broadcasting company formerly known as Gannett on Thursday announced preliminary financial results for Q4 -- as well as the successful completion of its previously announced $1 billion private placement eight-year senior note offering, priced at 4.625%.