Broadcasting Stocks

SiriusXM is on the hunt for more people willing to pay for its own music channels, and a wide array of specialty programming that ranges from Howard Stern to live sports action. To Simply Wall Street, that could be a sign that investing in SIRI may be worthy of a watchlist addition.

Sinclair Broadcast Group has made several promotions within the company’s legal department, with each of the individuals reporting to SVP and General Counsel David Gibber.

Xperi Holding Corporation's Board of Directors has approved the details and timing of the previously announced spin-off of the company’s product business, Xperi Inc., from the Company’s IP licensing business, Adeia.

For the three Wall Street analysts that cover conservative Talk and Christian-themed programming specialist Salem Media Group, 6.3% sales growth had been expected for the third quarter. The average estimate for revenue in Q3 is $70.16 million. Now, Salem has revised its Q3 forecast, and expects revenue to fall below the lowest of the three estimates provided by analysts.

First, it had to refute a false report that its CEO, David Field, confirmed that it would commence a Chapter 11 reorganization plan. On Friday, with a NYSE delisting all but inevitable, Audacy Corp.'s stock price has ventured below 50 cents per share. Tuesday saw AUD lose another 8% of its share value, falling to a fresh all-time low.

The Mouse House and the largest Spanish-language media company in the world are joining America's largest audio content creation and distribution company as participants in one of the biggest institutional investor conferences in the U.S.

The Chairman/CEO and President/COO/CFO of the nation's largest audio content creation and distribution company are presently gearing up for their appearance at a question-and-answer session during one of the biggest institutional investor events of the year.

Media stocks were largely in the red on Friday. Why? Federal Reserve Chair Jerome Powell said the Fed would more than likely move forward with additional interest rate hikes in the coming months. This would tighten credit for many households, and has the potential for layoffs.

As of the date of his passing on August 19, Ed Christian held approximately 65% of the combined voting power of Saga's common stock, based on Class B Common Stock generally being entitled to 10 votes per share. As a result, Christian was generally able to control the vote on most matters submitted to the vote of stockholders and, therefore, was able to direct nearly all Saga management and policies. With Christian's passing, here's what is transpiring with respect to his Saga shares.

The No. 2 and No. 3 individuals in the C-Suite of America's largest television broadcasting company in the U.S. are presently gearing up for a fireside chat Q&A session scheduled for September 7 at the BofA Securities Media, Communications and Entertainment Conference.

On a trading day when nearly everything was in the red at the Closing Bell, Saga Communications shares soared in heavy trading on Monday. The gains came following the announcement that the radio industry pure-play's founder had died on Friday, and a succession plan is in place. On Tuesday, the climb continued.

There was nary a climber on Wall Street as the week came to a close, with Comcast's 7 cent increase to $38.68 and Hemisphere Media Group's 19-cent jump to $7.27 the lone improvements for media stocks on Friday. Audacy Corp. was lower once again as it faces a NYSE stock delisting for failure to comply with minimum price standards.

Entravision, the global digital ad solutions company with roots in the U.S. Hispanic broadcast space, is gearing up for a presentation at the 13th annual Midwest IDEAS Investor Conference.

The Dow Industrials fell 171.69 points to finish the day at 33,980.32. The Nasdaq was off by 164.43 points, to 12,938.12. Salem, Saga and Beasley were the lone gainers, as most media stocks were down.

U.S. financial markets saw divergent activity on Wednesday, as the Dow Jones Industrial Average climbed 239.57 points to 34,152.01 as the Nasdaq dipped by 25.50 points, to 13,102.55. For media stocks, the mood was mixed too.