TEGNA’s 7-cent Shareholder Bonus
Commenting on the decision to declare a healthy shareholder dividend, TEGNA EVP/CFO Victoria Harker said, "TEGNA continues to create value for our shareholders through our operational excellence, rigorous financial discipline, and execution on key strategic initiatives.”
A Multi-Billion Note Offering Nod From Netflix
With its domestic subscriber growth engine sputtering and most of its rapid acceleration occurring overseas, the biggest threat to broadcast and cable television has just revealed that it intends to offer -- subject to market and other considerations -- roughly $2 billion worth of senior notes.
TEGNA Continues Climb Toward New ’19 High
On Sept. 3, TEGNA shares hit $16. By Oct. 1, they were back down to below $14.50. By the end of the month, a stock price even higher than $16 could be seen -- putting a company surrounded by rumors at a fresh year-to-date high on Wall Street.
Sinclair Shares Rise On Word Of AT&T Retrans Pact
It was an up-and-up day for Sinclair Broadcast Group shares on Thursday, thanks largely to its announcement that a new retransmission consent agreement has been signed with AT&T for its AT&T TV NOW vMVPD, U-Verse MVPD and DirecTV DBS offerings for the next few years.
Netflix’s Q3 Surpasses Expectations, But U.S. Slowdown Is Seen
With the TV and entertainment industry's anticipating a battle for OTT audiences come November with the launch of potential competitors, Netflix on Wednesday released third-quarter financial results that beat Wall Street expectations. But, a U.S. slowdown is clearly seen.
A Good Day On Wall Street For Scripps
With several executives set to appear at NAB Show New York, the news from Wall Street concerning The E.W. Scripps Co. looks pretty good. The media company had a very good performance in Tuesday's trading.
Entravision Shares Slide To A Fresh Five-Year Low
On Monday, all eyes were on CBS Corporation and merger partner Viacom, as each of the company's stocks succumbed to prices that have not been so low in more than five years. A day later, the same concern can be placed on Entravision shares.
CBS, Viacom Sink To Five-Year Wall Street Lows
While Toronto's TSX was closed Monday in observance of Canadian Thanksgiving Day, New York's financial markets were open on Columbus Day in the U.S. Perhaps they should have closed. Small losses were seen overall, but the declines for CBS and Viacom are disconcerting.
General Indices Up On Wall Street
U.S. financial markets climbed again on Thursday, as the Dow Jones Industrial Average rose 136.91 to 26,482.92. The Nasdaq composite index gained 43.67, ending the day’s trading session at 7,947.42. Among the key media companies making advancements today are The E.W. Scripps Co.
Markets End The Day Up
U.S. financial markets moved ahead on Wednesday, as the Dow Jones Industrial Average rose 181.97 to 26,364.01. The Nasdaq composite index gained 79.96, ending the day’s trading session at 7,903.74.
Media Stocks Sink Southward With General Indices
Escalating trade issues, and now an NBA squabble, between the U.S. and China led investors to sell off their shares on Wall Street -- and, perhaps, the Jewish Day of Atonement. The Dow Industrials were down 1.2%, while the Nasdaq index was off 1.6%.
Nielsen Struggles To Overcome Five-Year Low
On August 19, Nielsen shares nearly slid to $20 apiece. Today, they are trading in the low-$21 range. That's a big difference from where Nielsen stock stood some three years ago.
Positive Payroll Report Leads To Wall Street Rebound
The extreme gyrations of U.S. stock market indices continued on Friday, as a good jobs report from the White House led investors to buy. This sent the Dow Jones Industrial Average up 1.4%, while the Nasdaq was up 1.4% as well.
Wall St. Weak: ETM Hits A Fresh 10-Year Low
U.S. financial markets were rebounding from Wednesday's steep drop in midday trading on Wednesday. But, Entercom Communications shares weren't heading upward with general indices. Rather, a sizable decline in value was seen within the first hour, resuming right before the Closing Bell.
Radio’s Biggest Owners Defy Big Wall Street Dip
U.S. financial markets declined on Wednesday as investors expressed concern about U.S. growth forecasts not being as strong as they'd hoped for. The Dow Jones Industrial Average was off 2%, while Nasdaq was off by 1.6%. However, it was not all gloom and doom for radio stocks.