A Weak End For Media Stocks
Urban One suffered a 9% dip in its share price, while iHeartMedia was off nearly 2% on word that, as of 5pm Wednesday, just 0.6% of the outstanding existing notes have been tendered. That is the same percentage as seen in early June.
Stocks rally; S&P, Dow rise most in 7 weeks
Stocks finished Thursday with best gains in seven weeks as investors welcomed a larger-than-expected drop in weekly jobless claims and upbeat earnings from companies...
With Stock Struggling, Salem Board OKs Dividend
Investors who have stuck by Salem Media Group are in for a treat. The media company saw its board of directors declare a cash dividend for Q1. The decision comes as Salem tries to recover from its worst stock performance in 7 years.
Wall Street: What goes up must come down
On Wednesday we had proof that the road to prosperity is not an unbroken upward grade, as values came down after a string of...
Sinclair Trades Old Debt For New Debt In Fresh Diamond Deal
Sinclair Broadcast Group indirect subsidiaries Diamond Sports Group and Diamond Sports Finance Company are moving ahead with a private exchange offer for any and all of the issuers' outstanding 6.625% Senior Notes due 2027 for newly issued 12.750% Senior Secured Notes due 2026 — and a cash payment on the terms.
Riding the Wall Street roller coaster – 8/10/11
Down! Then up! And the market was back down again on Wednesday as investors tried to balance the impact of the US debt downgrade...
Veritone Stock Sinks On News Of New Public Offering
Artificial Intelligence-powered media attribution and analytics company Veritone Inc. has certainly seen roller-coaster like activity for its stock since an IPO in mid-May 2017. Now, the up and down activity for VERI shares has gone into a canyon again.
Urban One’s Debtholders OK Quarterly Filing Extensions
Urban One has disclosed to the Securities & Exchange Commission that it has gained another extension from Bank of America and its lenders to file its quarterly reports for the first half of 2023 — a significant delay caused by the company's firing of BDO and subsequent hiring of EY to get its financials in order.
DISH’s Pivotal Take: Combine With Rival Or Die
DISH Network's Q1 results met both EPS and revenue estimates, while its loss in net pay-TV subscribers was in line with the Street. Still, Pivotal Research Group's new Entertainment sector analyst is wary about the DBS world, and says a DirecTV tie-up is inevitable.
Stocks fall on pessimism about the Fed
Minutes from the last Federal Reserve meeting disappointed Wall Street by indicating that the Fed is not inclined toward additional measures to stimulate the...
Beasley smoking hot on overall flat day
If you waited until the end of the day it would have cost you $0.43 more to buy a share of Beasley stock than...
Wall Street cheers strong earnings – 10/13/10
Good earnings reports from sectors as divergent as banking, tech and railroading were greeted as good news by stock traders. The Dow Jones Industrial...
S&P 500, Dow rally to close at record levels
Stocks rallied into the close on Wednesday, resulting in record finishes for the S&P 500 and Dow industrials. The S&P 500 jumped 14.31 points,...
A Wall Street Rebound Includes These Media Companies
Wall Street's wild rollercoaster ride continued on Monday, with the Dow Industrials soaring by 7.7% to 22,679.99, and the Nasdaq rising by 7.3%, to 7,913.24. Most radio and TV companies rode the wave. Which ones saw the biggest gains on Monday?
A Voluntary Redemption of Senior Notes By Salem
Salem Media Group, known for its conservative News/Talk radio stations and its Christian-themed audio and print media, has issued an irrevocable notice of redemption to the trustee of its outstanding 6.75% Senior Secured Notes due 2024. What does this mean?