Broadcasting Stocks

When will Gray Television release its financial results for the third quarter of 2022? The company has finalized its plans.

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.

In late January, Nexstar shares soared above the $200 mark on word that the company's Board of Directors hiked its quarterly cash dividend from $0.675 per share to $1.35 per share. Will the declaration of its latest quarterly dividend give a new boost to NXST?

In late April, Nexstar Media Group reaffirmed a huge hike in its quarterly dividend payment to shareholders seen in late January.  The company's Board of Directors has elected to keep that juicy stockholder reward as-is, setting an ex-dividend date and selecting when the payout will occur.

On October 16, Beasley Media Group received written notice from the Listing Qualifications Department of the Nasdaq Stock Market that its Class A common stock has failed to make the minimum bid price requirement necessary to keep it on the exchange. With the close of trading on Monday, Beasley shares fell to a new low.

Gray Television shareholders of record at the close of business on Friday, March 15, stand to collect a little bonus for their loyalty and investment in the broadcast media company.

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.

While that's good news from Allen Media Group, it may not dispel industrywide discussion that AMG's fiscal challenges are significant and largely behind a recent effort to phase out local meteorologists at its TV stations in favor of an Atlanta-based hub powered by The Weather Channel.

The E.W. Scripps Co. has entered into an indenture with U.S. Bank that will see the broadcast TV station ownership group issue $750 million aggregate principal amount of new 9.875% senior secured second lien notes due 2030.

It's complicated. Yet, MediaCo President/CEO Albert Rodriguez insists the parent of Estrella Media and iconic N.Y. radio stations WBLS and WQHT "HOT 97" is in "growth mode" and will continue to be — even with a bit of a debt cloud growing greyer over the company largely backed by Standard General and Blackrock. 

U.S. financial markets enjoyed a strong Thursday session on Wall Street, as two media companies continued to see another day full of growth. The Dow Jones Industrial Average improved 69.17, to 20,728.49. The Nasdaq Composite was up 16.80, to 5,914.34.

It was another mixed day on Wall Street for media companies, as the Dow Jones Industrial Average improved 85.33 points, to 20,981.94, and the Nasdaq Composite was up 28.44, to 6,149.67. Leading the way was Saga Communications.

With the Independence Day holiday nearly one week away, U.S. financial markets saw another day of light—and mixed—overall activity on Wall Street. The Dow Jones Industrial Average was up 35.20 points, to 21,429.96, while the Nasdaq composite was down 16.08, to 6,250.22. Among the key movers for the media industry was broadcast TV giant Nexstar Media Group.