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.
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.