Broadcasting Stocks

There's a new "Value Advantage" backing Entercom Communications stock. It's thanks to the acquisition of a big chunk of the radio broadcasting company's publicly traded issues by JP Morgan Chase & Co.

In October 2015, Hispanic consumer-focused multimedia company Entravision's shares topped $8.75 per share. Today, they are worth close to 75% less in value. With shares on a steady downturn, Simply Wall St. asks if insiders are taking advantage of the weak share price by snapping up stock.

The TV broadcasting company formerly known as Gannett on Thursday announced preliminary financial results for Q4 -- as well as the successful completion of its previously announced $1 billion private placement eight-year senior note offering, priced at 4.625%.

As expected, Emmis Communications on Thursday submitted its quarterly earnings report for fiscal Q3 2020 to the Securities and Exchange Commission. There was no other public distribution of the financial results, which show the leaner media company widening its loss from continuing operations.

TEGNA on Tuesday revealed that it had priced its offering of senior notes due 2028, with a face value of $1 billion. Additional details, including the interest rate, are now known -- further fueling a rise in the broadcast TV company's stock.

Emmis says it is in the midst of transitioning to investments with significantly higher growth potential. With that, the performance of the media company's most recent fiscal quarter will be known as of Thursday. There won't be a conference call for analysts, however, who may want to know a little about the new holder of some 1.38 million shares of Emmis stock.

TEGNA Inc. shares were up by nearly 4% in the final hour of trading on Tuesday, as investors largely cheered the broadcast TV company's announcement that it intends to offer $1 billion of senior notes due 2028 in a private offering.

America's favorite tabloid, the New York Post, recently reported that the Justice Department may scrutinize a plan by Liberty Media -- parent of Sirius XM and Pandora -- to gain majority control of iHeartMedia. Investors appear to be energized by the suggestion.

Don't look now, but Entercom Communications shares have retreated to their lowest prices since November 22, erasing a rally that brought ETM to levels last seen before its early August meltdown. Is the current dip nothing to fret about, or a harbinger of a difficult quarter to come?

The start of 2020 wasn't a great one for the nation's publicly traded radio and TV stations. While markets were up overall, dips were seen for such companies as Cumulus Media, iHeartMedia, Nexstar, Scripps and TEGNA.

Here's the good news: Sinclair Broadcast Group's stock will finish 2019 ahead of where its started the year, by nearly $4.50 per share. Here's the bad news: The second half of the year was full of consistent declines that erased healthy growth seen through early July for the TV station owner that now has the former Fox regional sports networks.

There's a popular source of music that's the darling of Wall Street watchdog Zacks Equity Research, earning it the "Bull of the Day" honor on Friday. It's not a radio broadcasting company, but one is getting honorary mention for its particularly strong Q3 and soft share price as of late.

On April 23, a $117.65 close marked a new high on Wall Street for shares of Nexstar Media Group. Over the next several months, the broadcast TV company's stock price would recede before gaining steam once again, repeating a pattern seen across the years for NXST. If midday trading on Thursday is any indication of what's to come for Nexstar, a fresh all-time high for the stock is inevitable.

The last full trading week of 2019 is underway. For those tracking radio industry stocks, two companies stick out for their strong performance as the clock winds down to 2020. For a third company, its shaky health in the second half of the year -- punctuated by a sharp drop on Monday -- is attracting the attention of industry observers and investors.

ViacomCBS has struck a definitive agreement with beINMEDIA GROUP to acquire a 49% stake in global film and production studio Miramax — best known for its award-winning film library including such box office faves as "Good Will Hunting" and "Kill Bill" and for its co-founder, Harvey Weinstein. A major Los Angeles-based law firm represented ViacomCBS in bringing the investment to fruition.