Broadcasting Stocks

Xperi Holding Corporation, with a market cap of $1.53 billion, could end up pleasing investors a little bit more come early August, when its Q2 2022 earnings results are scheduled for release. The company has increased both its annual revenue and its operating cash flow guidance for the year.

The company with EVP/CFO Lee Ann Gliha — voted by RBR+TVBR readers as the Top Broadcast Best Finance Leader of 2022 — in the chair since August 2021, has engaged in a refinancing effort. Could it provide a new spark to Nexstar stock, which has seen year-over-year growth and remains one of the broadcast media industry's best Wall Street performers despite a $20 per-share loss seen over the last 30 days?

Nexstar Media Group shareholders have voted in favor of all proposal  recommended by the Board of Directors. This sets the stage for the elimination of two classes of Nexstar stock.

An indirect wholly owned subsidiary of Cumulus Media has amended its existing $100 million revolving credit facility by extending its maturity by two years. Here's the good news: As of Wednesday, there were no amounts outstanding under the facility.

One year ago, Saga Communications restored its quarterly cash dividend, awarding its investors with a $0.16 per-share payout. This has been seen in each quarter since the release of its Q2 2021 results. Now, Saga's board of directors has approved a slight increase to their quarterly dividend.

This Thursday, the CEO and EVP of Investor Relations for Townsquare Media will find themselves in familiar confines — the location of broadcast media's most prestigious leadership conference, Forecast. What's going on at the Harvard Club in New York? 

Audacy Corp. was hit hard by the COVID-19 pandemic, but its fundamental picture is finally improving. That's the assessment of Daniel Jones, author of "Crude Value Insights" distributed by Seeking Alpha. This is good, Jones says. Alas, he believes it's not good enough.

That's a question asked today by Zacks Equity Research. What's the conclusion? It's a highly positive one for the broadcast media company that owns broadcast TV stations, NewsNation and WGN Radio in Chicago.

Salem Media Group is preparing to appear at an institutional investor conference scheduled for June 7 in the far northwestern Los Angeles suburb of Westlake Village, Calif.

Chris Young, the CFO and Treasurer for the U.S.-based media company that's quickly becoming a digitally focused entity with a global imprint but with roots in Hispanic radio and television, will be participating in a trio of events designed to impress institutions wishing to invest.

Its shares, like most on Wall Street, started slumping on May 6. On Friday, they rocked forward by 4.8%, putting American Tower Corp. at $244.53 and back on track toward its 1-year target price of $291. What propelled AMT on an otherwise dismal day for U.S. financial markets? A hefty dividend is in the works.

Beware the Ides of March. Since then, Audacy shares have slumped. On Thursday, they dipped again, reaching a fresh year-to-date low. In fact, Audacy's share growth since the election of Joe Biden as U.S. President has been erased.

With its shares under pressure from Wall Street jitters over economic uncertainties, iHeartMedia will see its two top executives appeal to institutional investors at an event hosted by J.P. Morgan scheduled for Tuesday afternoon.

Paramount Global, the company formerly known as ViacomCBS and under the majority control of Shari Redstone-led National Amusements, Inc., has a big new investor. That excited others, who also snapped up PARA shares in Tuesday's trading on Wall Street. Who's the big new stakeholder? It's someone who controls the ABC affiliate serving Miami-Fort Lauderdale, Key West and the Bahamas.

It was another miserable day for global financial markets as the Dow Jones Industrial Average fell 103.81 points to 31,730.30 while the FTSE in London was off 1.6% to 7,233.34. The Nasdaq was up, however, by 6.73 points to 11,370.96, and so was Sinclair Broadcast Group, which finished Thursday as a top performer in the media sector.