Could Better Borrowing Conditions Be Coming Soon?
According to S&P Global Ratings, U.S. corporate borrowers are moving into the second half of the year amid the prospect of improving credit conditions, with the economy "likely settling into a soft landing and the Federal Reserve poised to lower interest rates."
Saga To Follow iHeartMedia With Q2 Earnings Call
Thursday, August 8, is primed to be a busy day for second quarter earnings reports. The day begins with iHeartMedia, and continues with Nexstar and The E.W. Scripps Co. We now know that Saga Communications will also be sharing its Q2 2024 results on the second Thursday of the month.
Here’s When iHeartMedia’s Q2 2024 Earnings Arrive
Buckle up for a busy August 8. The nation's No. 1 owner of broadcast radio stations has announced that it will host a pre-market second quarter earnings call for analysts, investors and debtholders — ahead of Q2 earnings releases for two big broadcast TV ownership groups.
Tickled Pink: An Institutional Investor Ups Its Gray Shares
It's an investment firm that owned 212,937 shares of the company's stock after purchasing an additional 6,652 shares during the first quarter of 2024. What's this financial house that believes in Gray Television?
WSJ: Soo Kim-Led Standard General Buys Out Bally
According to The Wall Street Journal, Standard General, owner of the Deb McDermott-helmed Standard Media, has engineered a stock acquisition that will increase its roughly 25% interest in Bally to 100%. The deal is not expected to close until the first half of 2025.
Audacy Shares Fall To A New Low
Audacy remains in debtor-in-possession status, and when it fully emerges from Chapter 11 bankruptcy protection, a fund linked to George Soros will be its lead equity interest holder. When the company will emerge as a new entity is uncertain. Could that be leading remaining shareholders to sell their stock?
TEGNA Board OKs Regular Quarterly Dividend
The board of directors for publicly traded broadcast television station owner TEGNA Inc. has declared a regular quarterly dividend, payable to shareholders of record as of the close of business on September 6.
TelevisaUnivision Confirms Q2 Results Release Date
The world's largest producer of Spanish-language audio and video content has decided when it will release its fiscal report card for the three-month period ending June 30.
A Strong End To Quarter For Three TV Industry Stocks
Friday's trading on Wall Street marked the end of activity for the second quarter of 2024. For a trio of broadcast television station ownership groups, it was a robust day, with gains and high volume seen across the trading session.
Final Results For Gray’s Cash Tender Offer Revealed
Gray Television on Tuesday offered details regarding the expiration and final results of its previously announced offer to purchase for cash any and all of its outstanding 5.875% Senior Notes due 2026, subject to certain terms and conditions set forth in its purchase offer dated May 20.
Urban One Offers Select FY2024 Guidance On Earnings Call
On June 10, following the closing bell on Wall Street, Urban One executives hosted an earnings call to discuss its delayed full-year 2023 and Q1 2024 earnings reports. During the call, the company led by Alfred Liggins III provided "a number of updates" on its current year outlook.
Sinclair Elects Board, OKs ‘Say on Pay’ Advisory Vote
The broadcast television station owner that also owns digital marketing firm Compulse and tower manufacturer Dielectric has given the go ahead for a non-binding advisory vote of executive compensation, starting next year. The OK came at Sinclair's annual shareholders' meeting.
Gray Shares Early Tender Results of 2026 Notes Offering
Gray Television has shared the early tender results of its previously announced offer to purchase for cash any and all of its outstanding 5.875% Senior Notes due 2026, subject to the terms and conditions set forth in a purchase offer distributed on May 20 by the broadcast station ownership group.
Gray Closes 2029 Note Offering
Gray Television has completed its previously announced offering of $1.25 billion aggregate principal amount of 10.500% senior secured first lien notes due 2029. The Notes were issued at par.
A New Stock Concern For iHeartMedia With Share Slide
Two weeks ago, iHeartMedia began the day with a Q1 2024 earnings call. The day ended with the company's stock sliding in value by 36%. Two weeks later, iHeartMedia's share price has entered a new phase of concern — its trading below $1 per share.