Interest Rate Cut Result: A Big Dip For Media Stocks
U.S. financial markets were down on Wednesday after the Federal Reserve decided to lower interest rates. The Dow Jones Industrial Average was off 333.75 points, to 26,864.27. Nasdaq was off 98.19, to 8,175.42. The majority of radio and TV company stocks were also down.
Sinclair Shares Slip On ‘Contingent’ Redemption News
Sinclair Television Group has notified the trustee for its 5.375% Senior Notes due 2021 that it intends to redeem, in full, its outstanding $600 million aggregate principal amount of Notes on August 13. There's just one thing, and investors may not be happy about it.
Coming August 5: Beasley’s Q2 Reveal
With Beasley Broadcast Group continuing to struggle on Nasdaq following a recent five-year low, finishing Monday at $3.19 per share, company CFO Marie Tedesco and CEO Caroline Beasley are preparing for an August 5 of Beasley's second-quarter financial results.
FOX Sports RSN Yank Prompts PM Selloff Of Sinclair Shares
Up until 1pm Eastern on Friday, all looked well for Sinclair, with trading in positive territory. Then, with seemingly no warning, SBGI began a steep slide. What triggered the sell-off? A whiff that doesn't even involve Sinclair ... yet.
Townsquare, iHeart Suffer On Wall Street
It was a rough Friday for not only Sinclair Broadcast Group but also two of the radio industry's biggest companies. Townsquare Media shares were down sharply. Meanwhile, iHeartRadio had a rocky end to the week.
Cumulus Shares Erase All Post-Valentine’s Gains
In late March, Cumulus Media shares appeared to be well on their way toward achieving a 1-year target estimate of $22.67. Instead, CMLS sputtered ahead of a month-long decline that on Thursday saw the company's stock dip to prices last seen on February 14.
The Bleeding Continues On Wall Street For Comscore
How much lower will Comscore shares go? The company's Q2 earnings are expected by August 12, and by then the audience measurement company's stock could be a fraction of what it was worth just five months ago. On Thursday, another steep dip was seen.
TEGNA Shares Rise On Dividend News
Shareholders of broadcast TV company TEGNA will be getting a little bit of a bonus payment come October 1, should they become -- or stay -- shareholders of record as of September 6.
Nexstar Dips Below $100, Erases Month-Long Gain
The company poised to become the No. 1 owner of broadcast TV stations saw its stock dip 3.3% from Monday's close in mid-afternoon trading on Tuesday. This puts Nexstar shares under the $100 mark for the first time in a month. A retrans stalemate with AT&T could be the reason.
‘Undervalued’ … and Sputtering: ETM
It was April 2 when Entercom shares were last priced below $5.50 a share. The radio broadcasting company was starting a rebound from a fresh five-year low. By April 30, all was seemingly positive as ETM sought to climb back to its year-to-date high.
That didn't happen.
Cumulus Shares Dip On Debt Prepayment News
Cumulus Media has sliced away another portion of its once-towering debt. How did investors react? Cumulus declined sharply across Monday morning trading on Nasdaq, with shares off 3.9% by noon. At the Closing Bell, CMLS was off by 4.3%.
ETM is Down. A Huge Price Gain Awaits.
Seeking Alpha has provided investors with another freshly written analysis of Entercom Communications that speaks highly of where the radio broadcasting company's stock is heading. In fact, it believes that in 18 months the stock price will be very much above where it is today.
Is TSQ A Hot Dividend Stock?
Simply Wall St., of late, has been asking some keen questions regarding radio broadcasting company stocks. On Friday, it turned its attention to Townsquare Media. Here's its conclusion on whether or not big dividend seeks should invest in TSQ.
A Bouncy First Day On NASDAQ For ‘IHRT’
It was an up-and-down session for iHeartMedia, which began trading on NASDAQ today and saw the company's CEO and COO/CFO join together in ringing the Opening Bell. At day's end, iHeart's Class A common stock finished in positive territory.
A Sea Of Red For Media Stocks
U.S. financial markets saw plenty of downward activity on Thursday, as the Dow Jones Industrial Average fell 115.78 points to 27,219.85 and Nasdaq was off 37.59, to 8185.21. For radio and TV companies, there were no gains to be seen.