Broadcasting Stocks

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.

On Tuesday, November 8, many will be glued to their television sets as election returns come in for a host of big races, including that for Florida's governor and a key U.S. Senate seat presently held by Marco Rubio. While those results may not come until well after 8am Eastern the following day, one set of results are certain to arrive — those for Townsquare Media's third quarter of 2022.

Netflix shares soared by some 9.3% in value in Wednesday's trading. Why? While news of password sharing crackdowns excited some shareholders, it was likely the upgrade of the company's stock by one financial advisory house that sparked the OTT giant on Wall Street.

A newly released S&P Global ratings report uses a schoolyard playground as a setting for its Q4 2022 economic outlook for the U.S. In short, it's a "teeter totter" fiscal forecast for the 50 states and its territories.

In a sign that tapping the institutional investment market could get tougher as the global economy remains shaky, a new S&P Global Market Intelligence report finds that early-stage funding in media and telecommunications companies across the U.S. and Canada slowed down in the first half of 2022 after a strong finish in 2021.

Xperi Holding Corporation, which has spun off its Intellectual Property Licensing business, will see executives from the new Xperi Inc. ring the opening bell on the New York Stock Exchange on Monday. Likewise, leaders for the spin-off company will ring the closing bell at the end of the day's trading up in Times Square, at Nasdaq.

U.S. financial markets continued to decline sharply on Monday, the first day of Rosh Hashanah. However, with minutes remaining in Monday's trading, some media companies were on the plus side.