Broadcasting Stocks

With its fiscal year 2022 results still not shared with the public, Urban One shareholders on September 14 convened for the company's annual meeting. At the event, proposals ranging from the election of two new Class A directors to the ratification of Ernst & Young as its independent registered public accounting firm for FY 2023 were seen.

The probability of a recession starting within the next 12 months has moderated since the beginning of the year. But, new data show it remains a worry for many financial analysts, putting new clouds on broadcast media ad sales growth.

With its shares rebounding from a year-to-date low experienced on September 8, TEGNA's executive leadership team has determined when it will release its third-quarter 2023 results.

With Audacy Inc. struggling to keep its stock above the $1 mark, even after a 1-for-30 reverse stock split, two other radio broadcasting companies are experiencing challenges keeping their respective shares above the all-important price point.

The Chairman/CEO and the President/COO and CFO of iHeartMedia, Inc. have confirmed their appearance at a key institutional investor event scheduled for September 13.

It is formerly known as Emmis Communications and was once a formidable operator of radio stations across the U.S. Now known as Emmis Corporation, the publicly traded company founded by Chairman Jeff Smulyan has shared that it has received "overwhelming support" from shareholders to amend its articles of incorporation, as outlined in its proxy statement.

The Goldman Sachs Communacopia + Technology Conference is one of the nation's biggest financial events for institutional investors. And, the nation's No. 1 owner of radio stations and producer of audio content will have a presence there.

Nine years ago, Salem Media Group added a second FM to the Greenville-Spartanburg market to pair with its conservative Talker branded today as "The Answer." This yielded "Earth FM," today an Adult Hits station with a simulcast partner reaching Anderson and Clemson. Those FMs have just been sold, and investors were hardly pleased.

The nation's foremost multimedia company superserving African American consumers has confirmed that it is in receipt of a letter from the Nasdaq stock market notifying it that it is not in compliance with its listing rule.  It's hardly a surprise, and as far as Urban One is concerned, it's merely a formality.

Its foundation is in radio and television serving Spanish-speaking Hispanics across the U.S., but its revenue drivers and future is squarely focused on global digital advertising solutions. That's perhaps a message the Chief Financial Officer of publicly traded Entravision will be sharing next week at an investor conference being held in Chicago.

With 15 minutes left in Tuesday's trading, Audacy Inc. shares had plummeted by 31% from Monday's close, putting the company founded by Joseph Field as Entercom in a potentially precarious position.

A pair of major investor conferences are on the calendar for September, and a soon-to-retire senior executive at Nexstar Media Group, along with the company's EVP/Chief Financial Officer, will be in attendance at each of this events.

It's a technology company familiar with broadcast media, thanks to its enterprise AI software and services. Veritone has enjoyed increased awareness in recent years from both...

Investors in audio content creation and distribution company Audacy may be a little nervous thanks to a 10-Q filing made Monday with the SEC that shares the company's status as a "Going Concern" — and how plans are in the works to sell "certain assets" in two top markets. As of 11am Tuesday, "AUDA" was off by nearly 13%, to 95 cents per share.

As RBR+TVBR previously reported, Urban One has not yet released its first quarter 2023 fiscal results. It is now known that the Q1 and Q2 2023 results will likely not arrive from the African American-focused multimedia company for perhaps another six weeks.