Why Was Entravision On The Rise?
It was a pretty ordinary trading session for Entravision Communications. Then, 1pm Eastern came -- and so did a big surge in the media company's stock price. What happened?
Urban One Gets A Nasdaq Delisting Warning
The COVID-19 pandemic has brought economic pain to many a broadcast media company. In the case of African American-focused media entity Urban One, it now includes a notice from Nasdaq that its Class D common stock is not in compliance with its listing rule.
A Bloody Hump-Day For Media Stocks
Wednesday was a miserable day for Wall Street, as the Dow 30 tumbled by 2.2% and the Nasdaq was down 1.6%. How did media stocks fare? Cumulus Media bounced back from Tuesday's dip with a 7.3% gain. Otherwise, don't ask.
Sinclair Trades Old Debt For New Debt In Fresh Diamond Deal
Sinclair Broadcast Group indirect subsidiaries Diamond Sports Group and Diamond Sports Finance Company are moving ahead with a private exchange offer for any and all of the issuers' outstanding 6.625% Senior Notes due 2027 for newly issued 12.750% Senior Secured Notes due 2026 — and a cash payment on the terms.
Cumulus’ Q1 Finish As The Street Sees It? A Miss.
Cumulus Media released its Q1 2020 financial results on Monday, which RBR+TVBR was first to report. Did the audio media company's first three months of the year meet the expectations of analysts polled by Zacks? Unfortunately, no. Did this propel CMLS to finish Tuesday's trading at a new post-bankruptcy low?
Meredith’s Fiscal Q3 Earnings Results Come Thursday
Meredith Corp. is already into the fourth quarter of its fiscal 2020, and as such its full-year numbers will likely look a bit stronger than those companies that opt to use a calendar year rather than celebrating New Year's Day on July 1. What does Meredith's third quarter look like? We'll find out early Thursday.
Despite Bad Jobs Report, Stocks Rise
Wall Street reacted positively to news that historic job losses -- the worst since the Great Depression -- weren't as bad as previously feared. Nasdaq climbed 141.66 points to 9,121.32 as the Dow Jones Industrial Average improved by 455.43 points, to 24,331.32. How did media stocks fare?
Scripps Board OKs Dividend Ahead Of Q1 Report
The E.W. Scripps Co. on Friday will become the latest broadcast TV company to release its first-quarter 2020 results. One day ahead of the distribution of those numbers, the Scripps board declared a cash dividend. Is that why Scripps shares surged across Thursday morning's trading session? Perhaps. But who has snatched up SSP stock recently may be of note.
A Q1 Miss For Mouse House
How bad is the COVID-19 pandemic damage on one of the world's biggest and most influential media and entertainment businesses? It's pretty disappointing, as The Walt Disney Co. failed to meet Street expectations with respect to the net income it reported Tuesday.
Conde Replaces Lack In Major NBCUniversal Restructure
Andy Lack is leaving. And, the top executive overseeing NBCUniversal Telemundo Enterprises is taking over his role as part of a wholesale restructuring. An official announcement arrived seconds before RBR+TVBR's Monday deadline of 4:30pm Eastern that flushes out the details, and it confirms a big promotion is in the works for Cesar Conde.
Nexstar Declares A Hefty Quarterly Dividend
Nexstar Media Group's Board of Directors has signed off on a sizable quarterly cash dividend — a positive sign that came just before the latest setback for media stocks on Wall Street.
One Month Later, Urban One’s 10-K Filing Is Made
Due to its operations being impacted by COVID-19, Urban One was unable to finalize and file its annual report on Form 10-K on a timely basis to meet its annual report filing deadline of March 30. But, a SEC order made March 25 allowed for a 45-day extension, and Urban One took it. On Wednesday, the filing of its annual report finally came.
With Big Shareholder Meeting, TEGNA Board OK’s Dividend
With near-daily press communication from both parties advocating for the election of their respective board of directors nominees, TEGNA shareholders on Thursday will finally have their say as the TEGNA annual shareholders meeting gets underway, virtually. With 24 hours to go, TEGNA decided to sweeten its shareholders by declaring a sugary dividend.
Cumulus Schedules Its Q1 Earnings Call
Cumulus Media has finalized the date and time of its first-quarter 2020 earnings call. Here are the details, along with RBR+TVBR's analysis of the audio media company's stock. In short, the company's Wall Street performance has improved in just one week's time.
Gray The Latest To Go Virtual With Its Shareholders’ Event
Add Gray Television to the list of media companies that have decided to hold its annual shareholders meeting exclusively in a virtual format. Here are the details of how the event will take place.