A Fiery Friday For iHeart Shares
What a difference a good rumor makes. Both The Wall Street Journal and Marketwatch are reporting that John Malone’s Liberty Media has asked the Justice Department for permission to buy a larger piece of iHeartMedia. That alone ignited iHeart shares on Friday, with more than 1 million shares traded on average volume of 330,140 by Noon ET.
Saga Board OKs Strong Q4 Dividend
Historically, Saga Communications has been one of the radio industry's best performers on Wall Street, with positive analyst reviews. Now, the company led by Ed Christian is rewarding investors with another big dividend declaration.
Salem Board OKs A Smaller Quarterly Dividend
It hasn't been easy of late for Salem Media Group and its shareholders. On the bright side, they'll be getting a Q4 dividend. But, it's a lot smaller than the one awarded in Q2 by the media company focused on Christian-themed and conservative talk programming.
Entercom’s $100M ‘Add-On’ Debt Offering Is On
One of the two largest radio broadcasters in the United States said Tuesday that it plans to offer, subject to market conditions and other factors, $100 million in aggregate principal amount of its 6.500% senior secured second-lien notes due 2027. It's not iHeartMedia.
Beasley Board Says Yes To Dividend
The company's stock is mired in a funk that puts its price at levels last seen nearly 10 1/2 years ago. But, that's not stopping the Board of Directors at Naples, Fla.-based Beasley Broadcast Group from awarding its shareholders.
Entercom’s $5 Friday: A Four-Month High On Wall Street
Broadcast media executive and avid mountain climber David Field, of Entercom, has something to celebrate: The company's stock is on track to finish at its highest point in four months. Will the momentum continue into 2020?
Meredith Corp. To Present At Upcoming UBS Event
Meredith Corp., the owner of 17 broadcast TV stations, will present at the upcoming UBS Global TMT Conference. Other sessions of note include a session with ViacomCBS head Bob Bakish and a breakfast event featuring AT&T Chairman/CEO Randall Stephenson.
Salem To Present At Two Golden State Investor Events
With the company's stock price stuck at its lowest levels since July 2009, executives at Salem Media Group hope to drum up support from institutional investors by presenting at a pair of upcoming investor conferences.
Bakish Booked For UBS TMT Conference
"Ladies and Gentlemen, the President/CEO of ViacomCBS." That's how Bob Bakish will likely be introduced when he participates in a Q&A session during the upcoming UBS Global TMT Conference in New York -- to be held just five days after CBS ceases to exist as an independent company.
A Wall Street Turkey Trot Downward For Beasley
With 30 minutes to go in Wednesday's trading, BBGI was down 4.9% to exactly $2.8251 with volume nearly three times its average. If the closing price dips below $2.82, a new 10-year low for Beasley Broadcast Group stock will be affirmed. BBGI shares haven't been this cheap since summer 2009.
Wall Street Sees Record Highs Ahead Of Turkey Day
If there are any signs of economic weakness on the horizon, don't tell that to Wall Street investors. With just under an hour remaining in Tuesday's trading, U.S. equities ascended to all-time highs. Thank the president, who says he's chatting with China's leader on a new trade deal.
Harker Prepping TEGNA Presentation At Wells Fargo Summit
Come December 3, the EVP/CFO of TEGNA will be participating in a question and answer session at a Las Vegas event. It's a 'TMT Summit' hosted by one of the nation's biggest financial institutions and run concurrently with AWS re:Invent 2019, Amazon Web Services’ global customer and partner event.
Here’s When CBS Corp. Ceases To Exist
With its de-listing notice already filed with the SEC, it was only a matter of time before Viacom and CBS Corporation revealed just when a reunification of the two companies controlled by National Amusements, Inc., would occur. On Monday morning, the date was announced.
Comscore Shares Continue Their Strong Rebound
What a difference a new CEO makes. Comscore shares finished Friday's trading with a 3.4% increase, capping a 30-day acceleration that has put the data measurement company's stock at more than twice what it was worth on October 23.
On Target For A Huge Holiday Season
Among the department stores that have turned to broadcast media to build retail sales is Minneapolis-based Target Corporation. Perhaps a boost in radio and TV spots is on the way, given the company's astoundingly positive Q3 results.