Broadcasting Stocks

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.

As investors look for safe investments in this challenging market environment beset with macro headwinds, MoffettNathanson continues to recommend one media company as its lone Buy-rated stock in traditional media. What sets FOX Corporation apart from its peers?

Since the start of Q4 2021, it's been nearly impossible for iHeart shares to regain the momentum seen in summer 2001. In fact, the nation's leading creator and distributor of audio content has seen its stock price dip considerably since April 11, without cessation. The result is a 55.6% drop in value for IHRT over the last 11 months.

Two radio broadcasting companies with publicly traded stock on Wall Street have decided when they are releasing their respective first quarter 2022 financial results and host their earnings calls for analysts and investors.

Its first quarter 2022 earnings report comes on May 9. It could very well be its last as a publicly traded company, as regulators mull a bid by Standard General, with non-voting financial partner Apollo Global Management, for TEGNA. Ahead of that quarterly earnings review, TEGNA's board gave the OK for a regular quarterly dividend.