Broadcasting Stocks

The largest licensee of U.S. broadcast TV stations, which also owns the NewsNation network — now the home of a noted Fox Business Washington, D.C. reporter — and WGN-AM in Chicago, saw its shares soar above the $200 mark in Friday morning trading on the Nasdaq GlobalSelect market.  Nexstar stock could go a little higher in the coming days, given a decision by the company's Board of Directors to double its quarterly dividend.

Nexstar Media Group has decided when it will report its 2022 fourth quarter and full year financial results. By that date, given the broadcast TV company's current stock performance, NXST could well be on its way to a fresh record high.

With retransmission consent impasses involving Standard Media, Cox Media Group and properties operated by Nexstar Media Group via shared services agreements clouding its operations in recent months, DISH Network has priced an offering of its 11.75% Senior Secured Notes due 2027. They'll be issued at a price of 102% of the principal amount.

They were listed as Director nominees in Cogeco's information circular dated November 14, 2022. Now, the Montréal-based company has announced that each of these nominees were elected as a Cogeco director during its annual shareholders meeting, held in-person on Friday. 

John Legend performs at a VIP dinner party on January 5 hosted by iHeartMedia and MediaLink, in partnership with Delta Air Lines, at Intrigue at the Wynn in Las Vegas during CES 2023. A host of VIP attendees were present at the lavish affair.

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.

On November 4, Gray Television shares dipped below the $9 mark. Today, they're heading toward a 5% gain from Wednesday and were priced at $11.25 with 30 minutes remaining in Thursday's trading. Is the stock still "a bargain?" Financial blog Simply Wall St. sought the answer to that question.

The final Wednesday of 2022 proved to be a frustrating one for three key radio broadcasting companies with publicly traded stock. All suffered big declines with their respective shares, ahead of a 2023 that could be softer for advertising given the absence of political dollars.

That's a question financial blog Simply Wall St. sought the answer to. What's its conclusion? Stronger cash flows will likely feed into a higher share value, thus making it a strong investment opportunity.

When will Spotify Technology S.A., a big "share of ear" challenger to Radio with millions of dollars of expenses going toward music royalties, post its results for the fourth quarter of 2022?

With a historic winter weather system predicted to wreak havoc on holiday travel through the end of Friday night, many travelers are preparing for the worst when it comes to hiccups and headaches. On Wall Street, turmoil of its own was seen as investors scurried from the Nasdaq and NYSE.

It's been a difficult week for long-term investors, with big dips on Wall Street seen on Thursday and through mid-afternoon Friday. Among the media companies getting battered by the market downturn is the nation's largest owner of broadcast radio stations.

On December 20, 2021, the company's shares, traded on the NYSE, reached $17.70 per share. By mid-July, FUBO had fallen to just above $2.50 per share. Now, fuboTV stock is at a fresh all-time low, as investors reacted to news from the company that it has been the victim of a cyberattack.

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?

On October 31, Gray Television shares dipped to $8.97, a price last seen nine years earlier. Since then, shares have rebounded to the high $11 range. That's good news for an independent company director who recently upped his holdings to 44,738 shares worth approximately $507,776.