Broadcasting Stocks

An SEC filing indicates that a subsidiary of Atlantic American Corp. is now a significant shareholder of Gray Television stock. The company's shares were in positive territory for all of Thursday, closing up 3.4% to $21.45 — its highest price since early May.

The E.W. Scripps Company on Wednesday completed the repricing of its $765 million term loan B maturing in 2026. In doing so, it reduced the interest...

On double its average volume, Salem Media Group shares slumped to a fresh 10-year low, putting it at prices not consistently seen since summer 2009. The 2% dip from Monday's close comes as Salem stock on Friday will go ex-dividend.

Entercom Communications shares rose 5% on Monday, with gains seen across the day's trading. The gain puts ETM above the $5 mark for the second time in December, and at its highest closing price since late July. At the same time, Townsquare Media had another excellent trading session on the NYSE.

What a difference a good rumor makes. Both The Wall Street Journal and Marketwatch are reporting that John Malone’s Liberty Media has asked the Justice Department for permission to buy a larger piece of iHeartMedia. That alone ignited iHeart shares on Friday, with more than 1 million shares traded on average volume of 330,140 by Noon ET.

Historically, Saga Communications has been one of the radio industry's best performers on Wall Street, with positive analyst reviews. Now, the company led by Ed Christian is rewarding investors with another big dividend declaration.

It hasn't been easy of late for Salem Media Group and its shareholders. On the bright side, they'll be getting a Q4 dividend. But, it's a lot smaller than the one awarded in Q2 by the media company focused on Christian-themed and conservative talk programming.

One of the two largest radio broadcasters in the United States said Tuesday that it plans to offer, subject to market conditions and other factors, $100 million in aggregate principal amount of its 6.500% senior secured second-lien notes due 2027. It's not iHeartMedia. 

The company's stock is mired in a funk that puts its price at levels last seen nearly 10 1/2 years ago. But, that's not stopping the Board of Directors at Naples, Fla.-based Beasley Broadcast Group from awarding its shareholders.

Broadcast media executive and avid mountain climber David Field, of Entercom, has something to celebrate: The company's stock is on track to finish at its highest point in four months. Will the momentum continue into 2020?

Meredith Corp., the owner of 17 broadcast TV stations, will present at the upcoming UBS Global TMT Conference. Other sessions of note include a session with ViacomCBS head Bob Bakish and a breakfast event featuring AT&T Chairman/CEO Randall Stephenson.

With the company's stock price stuck at its lowest levels since July 2009, executives at Salem Media Group hope to drum up support from institutional investors by presenting at a pair of upcoming investor conferences.

"Ladies and Gentlemen, the President/CEO of ViacomCBS." That's how Bob Bakish will likely be introduced when he participates in a Q&A session during the upcoming UBS Global TMT Conference in New York -- to be held just five days after CBS ceases to exist as an independent company.

With 30 minutes to go in Wednesday's trading, BBGI was down 4.9% to exactly $2.8251 with volume nearly three times its average. If the closing price dips below $2.82, a new 10-year low for Beasley Broadcast Group stock will be affirmed. BBGI shares haven't been this cheap since summer 2009.

If there are any signs of economic weakness on the horizon, don't tell that to Wall Street investors. With just under an hour remaining in Tuesday's trading, U.S. equities ascended to all-time highs. Thank the president, who says he's chatting with China's leader on a new trade deal.