Broadcasting Stocks

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.

The President of Networks at Nexstar Media Group has just executed a sale of more than 3,900 shares of the company's stock, an SEC filing shows. This executive will continue to own nearly 11,000 shares of the broadcast and cable television station group that also happens to own WGN Radio in Chicago.

The broadcast media industry's publicly traded radio and television companies may have just released their second quarter financial results one week ago, but that hasn't stopped the nation's largest owner of broadcast TV stations from announcing when it plans on distributing its Q3 fiscal report card.

The Chief Financial Officer for the nation's No. 1 owner of broadcast television stations, NewsNation, and WGN Radio, which enjoys a controlling interest in The CW Network will be participating in three upcoming institutional investor conferences in September.

The second-largest institutional investor in Gray Television has increased its position in the company, based on first quarter disclosures freshly filed with the Securities and Exchange Commission.

The conservative-leaning news and political commentary brand led by Christopher Ruddy has revealed that it seeks to become a public traded company, perhaps later this year or in early 2025. This would see Newsmax earn a listing on either the NYSE or Nasdaq exchange.

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."

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.

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.