Canada’s Corus Amends Its Credit Facility
Corus Entertainment Inc. has completed an agreement to amend its "Sixth Amended and Restated Credit Agreement" with its bank group, led by RBC Capital Markets and TD Securities, as co-leads, dated March 18, 2022, as last amended on May 30, 2024.
Nexstar, TelevisaUnivision Confirmed For Big BofA Securities Event
Come Thursday, September 5, representatives from some of the broadcast media industry's biggest companies will be participating in one of the most important institutional investor conferences in the U.S., hosted by BofA Securities.
SiriusXM Shareholders OK Liberty Media ‘SplitCo’ Move
With SiriusXM just days away from finalizing its stock-consolidation merger with Liberty Media Corporation, shareholders have approved a plan where Liberty Media will exchange existing SiriusXM shares for new shares in “SplitCo,” which will get a new name next month.
Xperi Inc. Shares Rebound On News Of Amazon Deal
The company led by chief executive Jon Kirchner is officially experiencing a well-welcomed rebound for its shares. Sparking the flurry of activity is Friday's announcement that the company has agreed to sell its Perceive Corp. subsidiary to Amazon.com Services LLC.
Nexstar Exec Cashes In A Chunk of Company Stock
The President of Networks at Nexstar Media Group has just executed a sale of more than 3,900 shares of the company's stock, an SEC filing shows. This executive will continue to own nearly 11,000 shares of the broadcast and cable television station group that also happens to own WGN Radio in Chicago.
Nexstar Selects Its Q3 Results Reveal Date
The broadcast media industry's publicly traded radio and television companies may have just released their second quarter financial results one week ago, but that hasn't stopped the nation's largest owner of broadcast TV stations from announcing when it plans on distributing its Q3 fiscal report card.
Nexstar CFO Commits To Institutional Investor Events
The Chief Financial Officer for the nation's No. 1 owner of broadcast television stations, NewsNation, and WGN Radio, which enjoys a controlling interest in The CW Network will be participating in three upcoming institutional investor conferences in September.
Key Gray Investor Boosts Holdings In TV Group
The second-largest institutional investor in Gray Television has increased its position in the company, based on first quarter disclosures freshly filed with the Securities and Exchange Commission.
Newsmax Unveils IPO, Private Offering Plans
The conservative-leaning news and political commentary brand led by Christopher Ruddy has revealed that it seeks to become a public traded company, perhaps later this year or in early 2025. This would see Newsmax earn a listing on either the NYSE or Nasdaq exchange.
Could Better Borrowing Conditions Be Coming Soon?
According to S&P Global Ratings, U.S. corporate borrowers are moving into the second half of the year amid the prospect of improving credit conditions, with the economy "likely settling into a soft landing and the Federal Reserve poised to lower interest rates."
Saga To Follow iHeartMedia With Q2 Earnings Call
Thursday, August 8, is primed to be a busy day for second quarter earnings reports. The day begins with iHeartMedia, and continues with Nexstar and The E.W. Scripps Co. We now know that Saga Communications will also be sharing its Q2 2024 results on the second Thursday of the month.
Here’s When iHeartMedia’s Q2 2024 Earnings Arrive
Buckle up for a busy August 8. The nation's No. 1 owner of broadcast radio stations has announced that it will host a pre-market second quarter earnings call for analysts, investors and debtholders — ahead of Q2 earnings releases for two big broadcast TV ownership groups.
Tickled Pink: An Institutional Investor Ups Its Gray Shares
It's an investment firm that owned 212,937 shares of the company's stock after purchasing an additional 6,652 shares during the first quarter of 2024. What's this financial house that believes in Gray Television?
WSJ: Soo Kim-Led Standard General Buys Out Bally
According to The Wall Street Journal, Standard General, owner of the Deb McDermott-helmed Standard Media, has engineered a stock acquisition that will increase its roughly 25% interest in Bally to 100%. The deal is not expected to close until the first half of 2025.
Audacy Shares Fall To A New Low
Audacy remains in debtor-in-possession status, and when it fully emerges from Chapter 11 bankruptcy protection, a fund linked to George Soros will be its lead equity interest holder. When the company will emerge as a new entity is uncertain. Could that be leading remaining shareholders to sell their stock?