Broadcasting Stocks

TORONTO — “Media revenue in the fourth quarter was softer than expected, affecting our revenue target for the year.” That's the glum news from the President/CEO...

As RBR+TVBR reported before the Christmas holiday, SBS has taken over KROI-FM in Houston. Additional details on how it was finally able to complete a deal announced in April 2023 were made in an SEC filing by the Miami-based company founded and led by Raúl Alarcón Jr.

WBD has entered into a multi-year distribution agreement with Comcast for all its domestic linear networks. From a financial viewpoint, this reduces long-term risk to affiliate fees. But how does this new agreement reduce the risk of a large decline in affiliate revenue in 2026, especially after the expiration of its NBA deal? 

The nation's leading licensee of broadcast television stations has confirmed that members of its C-Suite will participate in a pair of key institutional investor conferences coming after the Thanksgiving holiday.

Its shares are up by 16.2% in value, defying the ominous prognostications of Soohyung Kim that the company would flail without moving forward under his direction and board orchestrations. Given its fiscal health compared to its peers,TEGNA's Board of Directors had no qualms in declaring a regular quarterly dividend of note.

“Although in a company of 10,000 people very few jobs have been affected, there have been some," iHeartMedia spokesperson Wendy Goldberg told the New York Post in response to reports that the nation's biggest owner of radio station was engaging in a major reduction-in-force initiative. Now, investors have seemingly reacted to the newspaper report.

Nexstar Media Group will release its Q3 earnings report on Thursday. Ahead of that financial status update, the company's Board of Directors moved ahead with the declaration of a quarterly cash dividend. The news comes as Q3 earnings and revenue forecasts from nine analysts have tempered in recent days.

The media company superserving African American consumers led by Alfred Liggins III has decided to host its third quarter earnings call directly opposite that of the nation's No. 1 owner of broadcast TV stations — and on the same day iHeartMedia, Saga Communications and TEGNA each release their respective Q3 reports.

Brace yourselves. Cumulus Media has decided to release its third quarter earnings report prior to the opening bell on the first Friday of November.  Could this portend some not-so-pleasant results for the company led by Mary Berner?

It's been a busy end of summer for SiriusXM. Between the company's restructuring with Liberty Media, the resulting reverse stock split, and announcing a new free, commercial-driven in-car tier to boost subscriber numbers, there will be a lot for CEO Jennifer Witz to discuss during the company's Q3 2024 earnings call - which now has a date.

When the billion-dollar transaction closes, Rogers will be the largest owner of MLSE with a controlling Interest of 75% in the entity that owns the Toronto Maple Leafs and Toronto Raptors. Meanwhile, the deal will provide Bell with the opportunity to renew its existing MLSE broadcast and sponsorship rights long-term at fair market value, Rogers says.

Corus Entertainment Inc. has completed an agreement to amend its "Sixth Amended and Restated Credit Agreement" with its bank group, led by RBC Capital Markets and TD Securities, as co-leads, dated March 18, 2022, as last amended on May 30, 2024.

Come Thursday, September 5, representatives from some of the broadcast media industry's biggest companies will be participating in one of the most important institutional investor conferences in the U.S., hosted by BofA Securities.

With SiriusXM just days away from finalizing its stock-consolidation merger with Liberty Media Corporation, shareholders have approved a plan where Liberty Media will exchange existing SiriusXM shares for new shares in “SplitCo,” which will get a new name next month.

The company led by chief executive Jon Kirchner is officially experiencing a well-welcomed rebound for its shares. Sparking the flurry of activity is Friday's announcement that the company has agreed to sell its Perceive Corp. subsidiary to Amazon.com Services LLC.