the HOT List

A representative for JCIR, which handles investor relations communications for the company, acknowledged this, noting only that there are "multiple reasons" for why a company would put a stop to the trading of its publicly held shares. What are those reasons? An internal e-mail ahead of an official announcement notes that Audacy Inc.'s share price is so low, the NYSE is initiating a proceeding to delist its stock.

Publicly traded media and telecom companies in the U.S., Canada and Bermuda raised $2.46 billion through capital offerings in March. But, the latest data from S&P Global Market Intelligence data and analysis show a big year-over-year slowdown in capital raising in all categories but one.

It's official: The CEO role at Twitter has been given to the Chairman of NBCUniversal's Advertising and Partnerships group. An announcement from NBCU early Friday confirmed that Linda Yaccarino was leaving that position, effective immediately. Twitter owner Elon Musk tweeted the news about Yaccarino later in the day.

It's widely known that there are fewer active brokers in the media industry than at any point in the recent past. Now, S&P Global Market Intelligence has confirmed it, even with a revision to its data just completed by Volker Moerbitz. The 2022 numbers come in lower than at any point since 1985, when its Kagan unit began its broker rankings.

Two years ago, Joe Crowley emerged as the Chairman of pro-recording industry lobbying group musicFIRST. Now, there's a change in leadership, with Crowley exiting. His duties will be divided up by two individuals serving as co-Chairmen.

A meeting held Wednesday at the Commission with TEGNA, Standard General and even its main opponents was designed to bring Soo Kim and Co. closer to a needed full FCC vote on the proposed purchase of TEGNA by his hedge fund. However, the "Hail Mary" needed to save the transaction from disintegrating may have failed.

On April 28, Gray Television scored a major "groundbreaking" broadcast TV rights deal with the WNBA and NBA franchises serving Phoenix. At the time, it cautioned that any on-air broadcasts were dependent on pending litigation. As it turns out, the deal has been voided by a bankruptcy judge in the Diamond Sports Group reorganization case.

Yes, the overall numbers were impacted by a significant non-cash impairment charge. But, more importantly, net revenue and adjusted EBITDA guidance was exceeded in Q1 against difficult comps. Furthermore, the adjusted EPS Townsquare Media registered in Q1 beat the consensus estimate of financial analysts covering the "Local First" media and digital advertising company.

“Nexstar’s first quarter financial results once again outperformed consensus expectations across all key financial metrics." That's the good word from Nexstar Media Group founder and Chairman/CEO Perry Sook, as the nation's biggest broadcast TV station owner reported higher net revenue on significantly lower net income. 

Fox Corporation swung to a net loss in its fiscal Q3, but there's one key reason for that — a big legal settlement with Dominion Voting Systems Corp. While that impacted the bottom line, it was a FOX News Channel matter. For the Television segment, the third quarter of 2023 was a strong one, replete with growth.

Thanks to its acquisition of Tribune, Nexstar Media Group today owns KSWB, "FOX 5" in San Diego. Pending FCC approval, it will own a second television station in "America's Finest City" — and Tucson-based brokerage Kalil & Co. helped put the deal together.

How Nexstar Media Group, the nation's largest owner of broadcast television stations, fared in the first quarter of 2023 will be revealed on Tuesday morning. Then, later this month, senior management will be participating in a pair of investor conferences.

“Stay there without a book, magazine, newspaper, profit-and-loss sheet or rating book to distract you, and keep your eyes glued to that set until the station signs off.  I can assure you that you will observe a vast wasteland." Those are the infamous words shared in 1961 by then-FCC Chair Newton Minow, who has died at the age of 97.

When The CW Network was acquired by Nexstar Media Group in 2022, CBS News & Stations maintained the right to end its affiliate agreements with the network. It is now known that the Paramount Global unit has followed through with the affiliation discontinuations, impacting eight DMAs.

"Overall, our businesses have started 2023 in a strong position." That's the declaration from Gray Television as it released its first quarter earnings results on Friday morning, ahead of the Opening Bell on the NYSE. The first quarter of 2023 produced "record results," including $801 million in total revenue.