Broadcasting Stocks

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.

Fasten your seatbelts. Salem Media Group has just become the fourth publicly traded radio broadcasting company that will deliver its Q3 2022 results on November 3.

Curious as to how the nation's leading audio content creator and distributor performed during the three-month period ending September 30? You'll get your answer on the first Thursday in November.

On October 13, Beasley Media Group's publicly traded stock closed the day's trading session at $1. Since then, the company's shares have struggled to motor back to the upper-$1 range, where they sat some six months ago. With Monday's trading now complete, BBGI remains at a critical low for the audio content creation and distribution company.

Has the Snapchat app officially fallen by the wayside, with TikTok and Instagram far more front-and-center with both users and advertisers? That may not be the case based on its active user rolls. But, monetizing its audience is whole other matter, as can be plainly seen in a rather dismal third quarter earnings report released after Thursday's Closing Bell. In after-hours trading, Snap Inc. shares plummeted by more than 27%.

Urban One and Audacy Corp. are key radio industry companies, and the publicly traded entities have each decided when they will deliver their third quarter earnings results.

News Corporation on Friday shared the news that its Board of Directors, following the receipt of letters from K. Rupert Murdoch and the Murdoch Family Trust, has formed a Special Committee to begin exploring a potential combination with Fox Corporation.

Saga Communications will release its Third Quarter 2022 results on Thursday, November 3. The conference call that morning will be different, as it is the first without Saga’s late founder.

When will Gray Television release its financial results for the third quarter of 2022? The company has finalized its plans.

U.S. financial markets declined on Columbus Day, with the Nasdaq losing 1% of its value as the Dow Industrials dipped by 93.91 points to finish Monday at 29,202.88. How did publicly traded radio and television companies fare? Not great.

U.S. financial markets went into a tailspin on Friday, as the U.S. unemployment rate dipped to 3.5% — lower than expectations. That's a good thing, no? No. To curb inflation, this is a sign that an interest rate raise is on the way from the Fed.

U.S. financial markets finished in the red on Thursday, with the Dow Jones Industrials Average declining by 346.93 points, to 29,926.94. Nasdaq was off by 75.33 points, to 11,073.31. For media companies, not all was glum, as Salem Media Group saw its stock climb.

CEO Mary Berner and CFO Frank Lopez-Balboa are putting the finishing touches on Cumulus Media's third quarter 2022 earnings report. All will be revealed in a morning earnings call scheduled for the final Friday in October.