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.
S&P Global Ratings Chimes In On Univision Loan Plan
S&P Global Ratings on Wednesday assigned its issue-level rating and recovery rating, respectively, to TelevisaUnivision subsidiary Univision Communications' proposed $1 billion in term loans, with half due in 2029 and the remainder due in 2031.
Gray Television Begins Tender Offer For 2026 Notes
Gray Television on Monday put the wheels in motion on a cash offer for bondholders to put their dollars into notes due in 2026.
Townsquare Media Shareholders Easily OK Three Directors
Townsquare Media shareholders have overwhelmingly approved the election of three individuals who will serve as members of its Board of Directors. One of the three individuals earning fresh three-year terms is a former Emmis SVP who also oversaw broadcast radio properties for AMFM Inc.
Gray Television Target Price Gets Analyst Hike
Gray Television's stock price has received a welcome bump in its 1-year target price, courtesy of analysts at Benchmark Securities, home to Dan Kurnos.
Sinclair, Gray TV Shares Rise on Dividend Declarations
Sinclair Inc. shares were up by more than 22% in Thursday's trading, while Gray Television's stock price was some 5.8% higher than Wednesday's closing value on word that each company's board of directors had declared healthy dividend payments.
Report: Apollo With SONY On Paramount Bid
Paramount Global shares completed Thursday's trading up 13% in value on unconfirmed reports that the controlling interest holder in Cox Media Group, Apollo Global Management, is teaming with SONY to acquire the company now led by three chief executives.
SBS Confirms Late Annual Fiscal Report, Names Interim CFO
The company founded and led by Raúl Alarcón Jr. has an interim CFO in place, replacing José Molina. The Miami-headquartered company also shared with the Securities & Exchange Commission that it will be late in filing its FY 2023 fiscal report.
Nexstar Board Declares Generous Quarterly Dividend
For many investors, a meaty dividend is a deciding factor in whether or not to snap up shares of a publicly traded company. For those that have been eyeing Nexstar Media Group, the time to buy could be now, given the dividend just declared by its board of directors.
TEGNA ‘Say On Pay’ Gets OK At Annual Shareholders Meeting
An advisory resolution on the compensation of named executive officers at Northern Virginia-based broadcast television station owner TEGNA has been approved by its shareholders. The OK came alongside the "overwhelming" approval of re-election of nine board members.
Nexstar Leaders Preparing For Two Investor Conferences
Executive leaders representing the No. 1 owner of broadcast television stations in the U.S. will be participating in a pair of major institutional investor conferences during the month of May.