Broadcasting Stocks

The nation's largest broadcast television station company's board of directors wants it. Now, it is being put in the hands of its shareholders. Two classes of Nexstar Media Group common stock face extintion.

Nexstar Media Group’s Board of Directors have taken an action that’s become something of a rarity in the broadcast media world.

Gray Television has decided when it will host a conference call to discuss its operating results for the quarter ended December 31, 2021.

With Beasley poised to release its Q4 and full-year 2021 fiscal results within the next 2 weeks, BBGI is showing particular weakness on the Nasdaq market. As of midday Wednesday, a new 52-week low was taking shape. At the Closing Bell, a 1-cent gain was eked out.

Until late September, all seemed particularly strong for iHeartMedia's stock price. By October, however, worries about the Delta, and Omicron, variants of the COVID-19 virus accelerated, creating new concerns. Ups and downs for IHRT were seen, but it has been a bumpy ride on the Nasdaq GlobalSelect market since the start of 2022.

This week, Nexstar shared just how much it stands to reap from ATSC 3.0, and Wall Street responded. On Thursday, both Gray Television and Scripps benefited from the rosy forecast, too. Friday, however, brought dips for the latter two groups while NXST continued its stellar growth.

Is Netflix so powerful that it is impervious to anything negative offered by a respected financial analyst? That appeared to be the case on Friday, as shares in the dominant on-demand visual content creator and distributor rose by nearly 3% before cooling off as the Closing Bell approached. The growth came despite a notable investor note of wariness.

For the first time, 16 NBA teams will see their games offered live via over-the-top streaming on an authenticated and direct-to-consumer (DTC) basis. 

The owner of radio stations in small- and mid-sized markets known for its programmatic and local digital solutions will see its CEO and CFO appear at a virtual event scheduled for January 19-20.

The nation's No. 1 owner of broadcast TV stations in early November saw its share price surpass the $168 mark. By December 20, 2021, however, some may have wondered if Nexstar Media Group shares had peaked, as values dipped under $143.50 per share. With today's stellar trading session, those worries can be soundly erased.

The investment signals an expansion of Discovery’s existing relationship with OpenAP, having integrated with OpenID in April 2021 and more recently partnering with OpenAP on the launch of XPm, the TV publisher backed cross-platform measurement framework.

Nexstar Media Group is enjoying another rise in its share price, with activity on Friday signaling a finish at a level last seen in November, when shares briefly topped the $170 mark. Is NXST en route to quickly matching and perhaps surpassing that price?

With a pair of retransmission consent disputes as a backdrop, TEGNA has selected the final day in February for hosting a conference call to discuss its Q4 and full-year 2021 fiscal results.

In mid-December, Audacy Inc. shares earned an upgrade from Wall Street financial house B. Riley, which saw bad news for the audio media company “more than priced in” ahead of an earnings inflection for the coming year. A better-known Wall Street analyst now shares that he sees things differently for Audacy.

One is a global video entertainment giant, with reach unlike any other visual distribution platform that's perhaps ever existed. The other is the owner of broadcast TV stations including the NBC affiliate in Phoenix and the CBS affiliates in Tampa and Washington, DC. Which one should investors consider? Zacks Equity Research has an answer.