Scripps Prices Senior Notes Offering
The notes are due in 2027 and priced at 100% in a private offering. The amount represents an upsizing of the initial offering by $100 million, due to strong demand and favorable pricing for the company.
Sinclair’s Preliminary Q2 Results? Above Expectations
Sinclair Broadcast Group on Thursday released a preliminary look at its second quarter 2019 results. The official numbers arrive August 7. However, investors should be pleased with what Sinclair believes it will report in under a month's time.
Gray Shares Rebound As TV Broadcaster Sets Q2 Reveal Date
After climbing to an all-time high on April 10, Gray Television stock appeared to be closing in on the $25 mark. Not so, as the stock began to dip, erasing all gains since February. Now, GTN is on the rise, and the date its second quarter results will be made public is now known.
Mired In the Muck: BBGI
It's been 51 weeks since the Bordes family sold a big chunk of Beasley Broadcast Group stock, sending investors scurrying and the company's stock on a downturn that has yet to ebb. With Tuesday's Closing Bell, BBGI is traveling back down toward the $3 level.
The Bleeding Can’t Stop For Comscore Stock
More than five months have passed since former CEO Bryan Wiener and ex-President Sarah Hofstetter exited Comscore -- a company that positioned itself as a worthy competitor to Nielsen. Now, its stock has dipped to yet another all-time low, despite a big international product launch.
Could July Bring Entercom A Stock Turnaround?
It may be just three days into the third quarter, but Entercom shares are on a roll since Monday morning. At the Opening Bell on July 1, ETM was priced at $5.89. As of 12:45pm Wednesday, they were finally above $6.25 per share -- last seen May 21.
A Woeful Month For BBGI
Beasley Broadcast Group shares finished the second day of trading of the third quarter with a six-cent dip, to $3.24. It was a step backward for the owner of radio stations that has seen considerable year-to-date weakness on Wall Street -- with most of the downward movement coming in the last 30 days.
Emmis Shares Rocket Ahead On Soo Kim Spin News
At the Closing Bell on Monday, Emmis Communications shares were up nearly 20%, finishing at their highest value in more than four years. That's thanks to the creation of a newly formed company that sees Soo Kim's Standard General take 76% ownership.
A Healthy Gain For Cumulus As Quarter Closes
Investors seem pleased with Cumulus Media's debt-lowering deals that have seen the sales of a total eight radio stations through the first half of 2019, bringing in $159 million for the company. The end of Q2 sees Cumulus stock moving back toward its year-to-date high.
Sinclair Down On Word Of Media Bureau Inquiry
Sinclair Broadcast Group shares were down 67 cents, to $53.20, on news that the FCC Media Bureau has opened an investigation into whether the company misled the agency in its failed effort to win approval for a $3.9 billion bid to purchase Tribune Media Co.
Entercom’s Wrong-Way Stock Trajectory
On April 30, it appeared as if ETM would soon climb to above $7 a share, continuing a rebound from a sharp downturn that began in late February and concluded in late March. With Q2 set to end Friday, Entercom stock is now struggling to find the $6 mark.
Townsquare Rises On A Red Day For Stocks
Townsquare Media was the lone radio and television issue to gain ground on Tuesday, as the Dow Jones Industrial Average fell 179.32 to 26,548.22 and Nasdaq was off 120.98 to 7,884.72. The day's downward activity was punctuated by a mighty fall for Comscore.
Is Saga’s Current Stock Price A New Normal?
It's a lightly traded issue on Nasdaq. Still, Saga Communications shares are considered to be "near fair value" by analysts, Yahoo! Finance notes. Is that less than stellar news, as SGA continues to struggle with a recovery from a five-year low?
The Bad News Continues On Wall Street For Comscore
It's been nearly three months since CEO Bryan Wiener and President Sarah Hofstetter departed Comscore, leading investors to protest. On Friday, the company's stock hit another new low, and is now worth one-third of what it was just months ago.
Nielsen Struggles To Recover From Eight-Year Low
On January 24, 2011, Nielsen shares were priced at $25. Today, investors would be pleased to see shares reach that value. It's been nearly two months since that's happened.