Broadcasting Stocks

It was only a matter of time for Nexstar Media Group shares to recover from their COVID-19 influenced slump on the Nasdaq GlobalSelect market. Who knew that the amount of time it would take for NXST to achieve that feat would be so short?

What role could the release of Entercom Communications' second quarter financial results, set for August 7, have on its stock valuation? That's a question that Zacks Equity Research sought the answer to. Here's what it has to say.

On July 23, Salem Media Group shares shot up to $2.34 per share -- the highest level seen for the conservative radio and publishing company's stock since June of last year. Unfortunately, SALM has receded in value ever since, and today is right back where it was in mid-July.

He's been a member of the Board of Directors of the country's preeminent media company superserving Black consumers since 2001. Yet, on November 30, D. Geoffrey Armstrong stepped down from the board, effective immediately. Why?

SBS intends to use the net proceeds of this offering along with cash on hand to finally repay its 12.5% senior secured notes due 2017, along with certain other consideration; to repurchase and/or redeem all of its outstanding 10 3/4% Series B Preferred Stock; and to pay related fees and expenses.

Concerns about higher capital gains taxes, courtesy of President Biden, fueled a sharp decrease in general indices on Wall Street. Did the Thursday dips include media stocks?

Add Cumulus Media to the list of audio content and distribution companies with radio at its roots that has all but recovered from the economic Slip-and-Slide brought forth by the COVID-19 pandemic.

It was July 2018 when Salem Media Group shares were priced this high. And, with Friday's closing price on the Nasdaq GlobalMarket, the company known for its conservative Talk and Christian-themed radio stations will have concluded one of its biggest-ever trading days, with a massive 33 million shares traded.

In mid-December, Audacy Inc. shares earned an upgrade from Wall Street financial house B. Riley, which saw bad news for the audio media company “more than priced in” ahead of an earnings inflection for the coming year. A better-known Wall Street analyst now shares that he sees things differently for Audacy.

Major brand advertisers now have a direct route into the increasingly important metaverse, iHeartMedia says. In particular, marketers are being given the opportunity to collaborate on new virtual experiences.

Respected Wall Street analyst house MoffettNathanson has completed its sale to SVB Securities, and is now a division of Silicon Valley Bank. As required as part of that transaction, MoffettNathanson is reinitiating coverage of the U.S. media and internet sector. There's just one caveat. It isn't offering coverage of nearly every broadcast radio or television company.

Xperi Holding Corporation, which has spun off its Intellectual Property Licensing business, will see executives from the new Xperi Inc. ring the opening bell on the New York Stock Exchange on Monday. Likewise, leaders for the spin-off company will ring the closing bell at the end of the day's trading up in Times Square, at Nasdaq.

U.S. financial markets started the week on a high note, with major indices moving ahead in Monday's trading. How did radio and television station owners perform?

Saga Communications has wasted no time in informing analysts and shareholders as to when it will unveil its first quarter 2023 fiscal report card.

With many across the broadcasting industry discussing The Wall Street Journal's July 11 report that Audacy Corp. is initiating discussions with its lenders to refinance its debt and "optimize" the company's balance sheet, shareholders are expressing newfound wariness in the audio content creation and distribution company led by David Field.