Salem Board OKs Cash Distribution
Salem Media Group shares started the month of September at their lowest price since July 2009. That didn't stop the Board of Directors for the owner of Christian-themed and conservative talk-focused radio stations from declaring a cash dividend for the third quarter.
Bressler Says Yes To Leveraged Finance Conference
The President/COO and Chief Financial Officer of the nation's No. 1 owner of AM and FM radio stations -- and, now, a top Podcaster -- will participate at the Deutsche Bank Leveraged Finance Conference. The event is scheduled for September 24.
TEGNA Announces Senior Notes Offering
The media company formerly known as Gannett, which owns four radio stations in addition to 51 TV properties, intends to offer some $900 million of senior notes due 2029 in a private offering "to persons reasonably believed to be 'qualified institutional buyers.'"
A Harty Stock Buy Following Steep Slide
On Thursday, Meredith Corp. shares took a beating, as investors expressed worry over the media company's fiscal 2020 forecasts, which came short of Wall Street analyst expectations. What's a President and CEO to do? Buy up shares on the cheap.
Nexstar Rebounds Past $100 Mark In Friday Trading
For the first time since August 13, and just the second time in five weeks, Nexstar Media Group shares climbed above the $100 threshold in moderate trading on Friday. The jump comes as Simply Wall St. asks if it is time to consider buying Nexstar shares.
Beasley Shares Slip Below $3 Mark
U.S. financial markets were largely up on Thursday, with the Dow Jones Industrial Average climbing 372.68 points, to 26,728.15. Nasdaq was up 139.95 points, to 8,116.83. Yet, it wasn't a great day for Meredith Corp. ... or for Beasley Media Group.
After Early Dip, Nexstar Climbs In Soft Trading
In the first hour of trading, Nexstar Media Group shares were trending downward. Then came the news that it did not engage in "good faith" violations with respect to retransmission consent negotiations involving a small Tennessee MVPD. The FCC win gave NXST a shot in the arm.
Are Altitude Ills Impacting Sinclair Shares?
On Saturday, a Rocky Mountain sports network went dark on Xfinity and DirecTV systems -- two days after it went dark on DISH Network. A lack of new carriage agreements with the three providers, an unprecedented situation, is the reason. While Sinclair has nothing to do with it, some investors seem rattled.
Less Chance Of Dim Sum: Stocks Jump On Positive Chinese Chat
U.S. financial markets were on the rise Thursday on word that the People's Republic of China noted improved trade negotiations with the Trump Administration were possible, ahead of new talks scheduled for next month. Tech stocks for companies subject to trade tariffs rose.
After-Hours Bump Negates Tough Trading Day For Entravision
With Entravision set to go ex-dividend on Sept.13, bargain-seeking investors may be assuaging whether or not buying EVC shares, traded on the NYSE, is a wise move. Investors seemed to instantly take advantage of a steep sell-off on Wednesday with a big after-hours bump upward.
Does Salem Have ‘The Answer’ To Its Stock Slide?
July 2009 was when Salem Media Group shares last traded below $1.50. Today, everything old is new again for investors in the owner of Christian-themed and conservative talk radio properties. Could Ed Atsinger III's salary have something to do with it?
Scripps Shares Bounce Back To Start Trading Week
U.S. financial markets gained traction on Monday as President Trump noted China wants to restart trade talks with the U.S., and that he was optimistic about a deal that would put an end to an escalating dispute that has spooked stocks. Among the gainers on Monday: Scripps.
Scripps Shares Slide To Year-To-Date Low
Two weeks ago, The E.W. Scripps Co. experienced a huge dip in its stock value, following the release of Q2 earnings results that disappointed investors. A Q2 loss was seen, compared to a Q2 2018 profit. But, that wasn't the first plunge in value for SSP, and Scripps' woes continued on Friday.
Sinclair Shares Plunge in Midday Trading
With the clock approaching Noon on the East Coast, Sinclair Broadcast Group's stock price was in a free-fall. At the Closing Bell a 2.9% dip was seen. It erases a bump in value triggered by an early May announcement that it was buying FOX's regional sports networks.
Beasley Board Approves Quarterly Dividend
Its shares on Thursday morning were $4.72 below its 52-week high. The 24-month trend is rather bleak. That didn’t stop Beasley from declaring a quarterly cash dividend.