Broadcasting Stocks

When it comes to top performers on Wall Street for publicly traded companies with links to the broadcast media industry, American Tower Corp. has been one of the finest investments.  Now, those with shares of "AMT," traded on the NYSE, are set to get rewarded with a dividend payment that's significantly higher than its last one.

As word surfaced that Audacy Corp. conducted a mandatory all-staff meeting at 3pm Eastern, the company's beleaguered stock further withered on the NYSE, falling nearly 7% in trading on Wednesday. This put Audacy shares at roughly $0.27 per share. That Town Hall, as it turns out, was just a regular affair.

It was agreed to by the Urban One board on Monday and submitted to the Securities and Exchange Commission on Wednesday. How big is the authorization?

And, that concern sent U.S. financial markets tumbling as the trading week began on Wall Street. The Dow Jones Industrial Average was off 1.4%, or 482.78 points, to 33,947.10, as the Nasdaq was down 1.9% to 11,239.94.

Don't look now, but the media company focused on Christian-themed content and its conservative talk radio programming wants to be one of the "Best of the Uncovered." Say what? Salem Media Group will be in San Francisco for an investor conference bearing that name on December 8.

On December 1, S&P Dow Jones Indices will make several following changes to the S&P MidCap 400 and S&P SmallCap 600, effective prior to the opening of trading. That proved to be exciting news for Nexstar Media Group shareholders, as the nation's No. 1 owner of broadcast TV stations enjoyed a nearly 8% gain in value on the announcement.

Continued high prices through most of next year and the Fed's decision to aggressively raise rates are leading households to pull back on spending and businesses to cut costs in response to slowing demand. That's the conclusion of an analysis released Monday by S&P Global Ratings.

The top two leaders at iHeartMedia, both of whom were present at Forecast 2023 on November 16 in New York, are gearing up for a question-and-answer session at a major institutional investor event scheduled for November 30.

The nation’s largest media sales organization, delivering dynamic advertising solutions and insights for brands and agencies, will exclusively represent the domestic sales of FINTECH.TV’s advertising assets, including streaming inventory and sponsorship opportunities.

Tom Carter and Lee Ann Gliha participated in a "Fireside Chat" on Wednesday as part of a financial conference for institutional investors. Didn't catch it because of the Forecast conference or other obligations? Not to fret: A replay is available to view.

If there was a soundtrack to how the U.S. financial market performed on Thursday, "Bulls on Parade" from Rage Against The Machine may be the suitable song to play. Stocks soared across the trading day, on word that inflation — a big concern among investors, consumers and marketers — is finally starting to slow down.

The company's share value has declined by 36.4% over the last month. But, is a rebound on the way for Gray Television?  Analysts at Zacks Equity Research think so.

It's not what was reported, but what's to come that could be irking Salem Media Group investors. One day after the company released largely positive third quarter 2022 results while offering a disappointing Q4 forecast, Salem shares moved downward in a significant manner on the Nasdaq exchange.

Beasley Media Group, impacted across Southwest Florida from Hurricane Ian, had been absent as to when it will release its Q3 2022 earnings results. Minutes after Wednesday's Closing Bell on Wall Street, Beasley confirmed the results reveal will be in just five days.

With its shares in the upper-$20 range and regulatory approval of its privatization offer from Standard General getting positive and negative input as the FCC decides whether or not to approve the deal, TEGNA's Board of Directors have moved ahead with declaring a regular quarterly dividend.