Broadcasting Stocks

Where Sinclair Broadcast Group's shares will go come November 2021 and beyond could be fueled by Sinclair's third quarter performance. And, we now know when the company will be sharing its fiscal report card for the period ending September 30.

What does Evergrande have to do with Entravision, Nexstar or Nielsen? Absolutely nothing. Yet, media stocks were swept up in a decisively down day on Wall Street, fueled by what some are calling the potential collapse of a Chinese property Goliath.

The two individuals at the helm of the nation's largest audio content production and distribution company are preparing for a presentation on Wednesday at the Goldman Sachs 30th Annual Communacopia Conference.

With all eyes set on a big Q4 and 2022, Netflix Inc. has revealed when it will post its third quarter 2021 results and business outlook on its investor relations website. With its shares trading close to $583 per share, Netflix is trading at near record-levels — still. And, that's not likely to slow down.

Bill Wilson, Chief Executive Officer of Townsquare Media (pictured), and Stuart Rosenstein, the locally focused media company's Chief Financial Officer, are presently preparing to participate in three upcoming investor events. This includes the Noble Capital Markets virtual roadshow.

The Bank of America Securities 2021 Media, Communications and Entertainment Conference will be held on Monday (9/13). Among those participating at the event: the CEO and the COO/CFO of the nation's largest audio content creation and distribution company.

TEGNA has selected the first Thursday in November as the day it will share its third quarter 2021 fiscal results, and hold a conference call with analysts and investors to review and discuss its performance in the period.

Mark your calendars: Nexstar Media Group's third quarter earnings release and its quarterly earnings call for analysts and investors has been set. Click here to learn when it is, and how you can listen in.

U.S. financial markets were on the rise Friday, and so were most publicly traded radio and television companies. Among the big gainers: Audacy, perhaps benefiting from a strong assessment from Wells Fargo Securities released Thursday.

U.S. financial markets finished the day on a downbeat note, with the Dow Jones Industrial Average dipping 64.03 to 35,341.47 and Nasdaq declining by 53.78, to 14,988.08. For broadcast media companies, trading was mixed, with iHeartMedia among the climbers.

It's been a challenging six months on the NYSE for Audacy shares. At 2:15pm Thursday, the company's stock dipped as low as $2.93, continuing a fresh downturn that began August 5 but, on a grander scale, dates to mid-March. Friday's trading was a bright one, however, with heavier than average volume fueling a 9.8% rise.

Salem Media Group's podcast network on Thursday revealed that it will add former Trump Campaign Attorney Jenna Ellis to the lineup, starting January 13. It seems that has some merit among investors as Salem's stock was on the rise across Friday's trading session.

The CEO and the CFO of Townsquare Media have confirmed that they will participate in a two-day virtual investor conference scheduled for August 18-19.  The "Local First" radio station owner and digital media solutions provider will appear on the second day of the online affair.

Entravision Communications Corporation, now an entity fueled by digital dollars, followed by broadcast television and broadcast radio revenue, respectively, is gearing up for its participation in an investor event set for August 19. That follows an event held this afternoon with a Boca Raton, Fla.-based financial house.

In heavy trading, the company formerly known as Entercom saw its stock value plummet by 11% from Friday's closing price. Yet, the drop in price only continues a trend that began in mid-March. Since then, Audacy shares have shed 51.4% of their value.