Broadcasting Stocks

The second quarter 2023 earnings reports continue on Friday morning, with the release of fiscal health check from broadcast TV station owners The E.W. Scripps Co., and Gray Television.

How did Salem Media Group perform, fiscally speaking, in the second quarter of 2023? The answer will be revealed by the multimedia company following the Closing Bell for U.S. financial markets on Tuesday.

With the release on Friday morning of Cumulus Media's second quarter 2023, the audio content creation and distribution company enjoyed a share surge that put CMLS, which trades on the Nasdaq, at $5.54. On Monday, shares saw further improvement, putting Cumulus in a strong position.

By popular demand, the homepage of the Radio + Television Business Report's website has a new, detailed look at every publicly traded broadcast media company's stock price — including key Canadian companies traded on the TSX.

While Atlanta-headquartered Cumulus experienced a year-over-year quarterly loss on extremely difficult comps, as 2022 included record political advertising revenue, Q2 2023's earnings per share beat the consensus estimate offered by 3 analysts polled by Yahoo! Finance, coming in at the high estimate of -$0.03.

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.

With network revenue and digital gains making the first quarter one in which CEO Caroline Beasley was "thrilled" with the "significant success and growth" seen at Beasley Media Group, what can investors and analysts expect to hear from Beasley regarding the Q2 results?

On Thursday, Sirius XM Holdings Inc. experienced a notable surge in stock value, rising more than 42% to $7.72 on significantly higher-than-average volume. But as Sir Isaac Newton would say: what goes up, must come down.

Townsquare Media made positive hints at its Q2 status by its actions in late June, but we'll get the full picture soon. On Thursday, the company announced its release date for its financial results for the second quarter of 2023.

Two weeks from right now, there's a very good chance you'll be digesting the second quarter 2023 earnings report from Sinclair Inc., the owner of broadcast TV stations across the U.S. in addition to such broadcast technology firms as Dielectric. What can investors expect to hear from company executives including CFO Lucy Rutishauser?

With Audacy Inc. continuing to experience severe share weakness, even after a 1-for-30 reverse stock split, and Beasley Media Group stock under $1 per share, Townsquare Media has emerged as one of the strongest Wall Street performers among those companies who own radio stations.

Simply Wall St. wonders if Comscore's 0.2x price-to-sales ratio may make an attractive investment, as close to half the companies operating in the media industry have P/S ratios above 1x.

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.

The radio broadcasting industry's publicly traded pure-play operator led by Chris Forgy has announced when it will release its fiscal health report for the three-month period ending June 30.

It may be privately held, but that isn't stopping the biggest producer of Spanish-language audio and video content in the world from sharing its second quarter financial results.