Charter Closes $1.35 Billion Senior Unsecured Notes
Spectrum parent Charter Communications said following Tuesday's Closing Bell on Wall Street that its subsidiaries, CCO Holdings LLC and CCO Holdings Capital Corp., have closed on $1.35 billion in aggregate principal amount of senior unsecured notes due 2030.
Markets Turn Positive To Start The Week
U.S. financial markets moved ahead on Monday, as the Dow Jones Industrial Average rose 96.58 to 26,916.83. The Nasdaq composite index gained 59.71, ending the day’s trading session at 7,999.34.
Shaky Gray: Another Undulation Following Ex-Dividend Bump
With Q3 set to end on Monday, or for many companies now, given the Rosh Hashana holiday on Sept. 30, investors in Gray Television may be wondering if the broadcast TV company can regain the momentum it enjoyed in Q2.
BBGI: A ‘Bad Investment’ With A Big Year-To-Year Dip
Of all of the broadcast media stocks that "Simply Wall St.", a respected investor blog, has examined, none perhaps fares as poorly as BBGI. It pulls no punches in calling ownership of Beasley Broadcast Group shares "a bad investment," given a hefty 52-week downtrend in value.
Small Gains Add Up For Townsquare On Wall Street
September has been a strong month for Townsquare Media shares on Wall Street. With today's close, it is again over $7, keeping TSQ at or close to its year-to-date high.
Netflix Shares Slide On Piercing Pivotal Adjustment
At one point, Netflix shares were forecast to be more than $500 per share. Now, a still-impressive $350 target price for the end of 2020 is being predicted by one big Wall Street watchman. Investors were less than thrilled, sending the OTT giant's stock down by more than 4% in afternoon trading.
Radio’s Top Owner Sees Late-Session Stock Dip
Could the Third Circuit Court of Appeals' decision to nix cross-ownership rules designed to help broadcast media and newspaper companies be a harbinger of tough times ahead for some companies? Investors may already be concerned, with iHeartMedia shares down 5.5% on Monday.
Can TEGNA Maintain Its Strong Returns?
Return On Equity (ROE) and why it is important was a subject covered by Wall Street blog "Simply Wall St." on Friday. ROE was used to examine TEGNA, by way of a worked example. Here's what they found.
Mixed Movement In Mid-Week Trading
It was an up-and-down session for stocks on Wednesday, as the Dow Jones Industrial Average rose 36.28 points, to 27,147.08, while Nasdaq was down 8.62 points, to 8,177.39. Among the media companies seeing gains were iHeartMedia and Sinclair Broadcast Group.
Cumulus Shares In Q3: A Slight Dip From Mid-Year Highs
With the third quarter less than two weeks away from its end, Cumulus Media shares remain mired at price points last consistently seen in February. The good news: Cumulus shares are faring better than they did at the start of 2019.
Salem Media Group Shrinks Board to Reduce Costs
With its stock price hovering at close to $2 after a late-August fall to below $1.50, Salem Media Group has been struggling to recover from not only a fresh five-year low but its lowest closing prices in a decade. Now, the company is shrinking its board to reduce costs.
Ups and Downs On Wall Street
U.S. financial markets were down on Monday, with the Dow Jones Industrial Average off 142.70 points, to 27,076.02. Nasdaq was off 23.17 points, to 8,153.54 points. For media issues, trading was mixed.
Townsquare Shares On The Rise
If there's one broadcast media company stock that deserves a close examination of its 30-day performance, it's likely Townsquare Media. The local media company specializing in radio stations and websites has enjoyed a stock resurgence and is now at its best year-to-date price.
Entercom Gets Its Best Wall Street Finish In Five Weeks
Ransomware, be damned. With much of Entercom's computer systems and email back in action on Thursday morning, ETM shares were flying high in average trading on NYSE. With Thursday's closing bell, a 1.6% gain was seen.
Nexstar Shares Surge Amid Strong Recovery
As recently as Sept. 3, a $95.26 close was seen for Nexstar shares, as the company sought to gain back share gains that started in late February that had all but evaporated. Eight days later, NXST is in full rebound mode, with a healthy gain seen Wednesday.