TEGNA Gets Full Face Value For Big Note Offering
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.
Coming Thursday: Emmis’ Fiscal Q3 Results
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 Stock Rises On News Of Big Senior Note Offering
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.
A Steady Climb For iHeart Shares
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.
Entercom’s Wall Street Turkey Trot
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?
Key Media Companies Dip On 2020’s First Trading Day
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.
Sinclair Stock In 2019: Up, But By A Hair
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.
Zacks’ ‘Bull of the Day’: Spotify … With ETM Notable, Too
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.
Will Nexstar Finish 2019 With a New Record High?
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.
Highs and Lows On Wall Street For Radio Trio
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.
Thank O’Melveny For Advising ViacomCBS on Miramax Money
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.
Gray Grab For Insurance Company As Stock Hits Six-Month High
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.
Scripps Reprices Term Loan, With A Lower Rate
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...
A New Low For Salem’s Stock
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.
ETM, TSQ Start The Week With Strong Sessions
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.