Broadcasting Stocks

It's just what the doctor ordered for Cumulus Media: Respected financial analysis house Zacks on Thursday added five stocks to its "Strong Buy" list. Yes, Cracker Barrel Old Country Store is on the list. But, so is the owner of such stations as "powerhouse" Talker KMJ-AM in Fresno and Classic Hits stalwart WGRR-FM in Cincinnati.

With its shares at $35.47 at Thursday's close of trading but significantly down from where they were in the first half of 2019, Meredith Corp.'s Board of Directors on Wednesday nevertheless moved forward with a regular quarterly dividend as company executives prepare to present on Friday at Stephens' 2019 Nashville Investment Conference.

Until September 26, Salem Media Group's stock price hadn't been so low since July 2009. With today's Closing Bell on Nasdaq, SALM is in danger of matching or surpassing that deep dip in share value.

Comscore shares soared on Wednesday -- a residual effect from the installation of a new CEO and, perhaps, a positive shout-out from the nation's No. 1 owner of broadcast TV stations during that company's Q3 earnings call. Indeed, Nexstar could be indirectly responsible for a 23% surge in SCOR's value.

Cumulus Media on Wednesday enjoyed one of its best days on Wall Street in a very long time. On heavy trading volume, CMLS was up 6.7% to $14.51 — it's best close since late September. 

In an uncommon move announced just hours before analysts and investors were set to receive them, Salem Media Group on November 6 shelved the distribution of its Q3 earnings results until further notice. The company is now ready to present its numbers to investors and analysts.

With ninety minutes remaining in the first trading week of November 2018, Beasley shares tumbled downward once again, continuing a streak of poor Wall Street performance that began in late May. At that time, BBGI was just under $4 a share. Today, it's at a new 10-year low.

Gray Television investors on Thursday demonstrated their approval of a decision by the broadcast TV company's Board of Directors to allow Gray to repurchase up to $150 million of outstanding common stock and/or Class A common stock through the last day of 2022.

The board of directors of The E.W. Scripps Co. has declared a cash dividend for the fourth quarter of 2019. The dividend will be paid out of the company’s surplus.

Better get a Quattro-Venti at the Green Apron near you on Thursday morning: no less than five Q3 earnings reports are set for release. The fun begins at 8:30am, with iHeartMedia, and hits a fever pitch at 10am — with what at press time will be dueling analyst calls from Beasley and Urban One.

With a widely known consensus outlook that indicates a year-over-year decline in Q3 earnings, due to lower revenues, Zacks Media Research says it is important to view how Cumulus Media's actual results compare to these forecasts. Look for CMLS to soar if the company beats the Street.

Wall Street enjoyed a strong start to November, as the Dow Jones Industrial Average surged 1.1% to 27,347.36. Nasdaq was also up 1.1% to 8,386.40. Most media company stocks were up, too. Unfortunately for Beasley, a fresh 10-year low was seen.

American Tower late Thursday released its Q3 results, and they were positive, beating the Street. On Friday, however, AMT shares were poised to finish down 1.5% amid short-term concerns the stock is overvalued.

Entravision Communications will unveil its latest quarterly results a week from now. What will investors and analysts find?

Univision Communications has revealed when it will unveil, and discuss, its Q3 results. The second quarter marked the first one for newly installed CEO Vince Sadusky, and saw net income go down, but net revenue rise.