TV/Cable News

In the words of Zacks Equity Research, the second quarter 2021 results from Discovery Inc. "delivered earnings and revenue surprises" to the tune of 53.7% and 3.1%, respectively.  Yet, Discovery shares dipped below $27 a share in early trading on Tuesday and were off by 5% as of 11am Eastern. What are investors concerned about?

With today's closing bell on Wall Street, the mega-deal of 2021 was officially done: Gray Television is now the owner of the QMI stations not spun to Allen Media Group.  And, it formally marks the end of an era — and the leadership of Ralph Oakley.

Travel east of Ames, Iowa, and you'll reach Marshalltown. Here, a Class A digital television station is being sold. The buyer? It's the company that owns the CBS affiliate in Milwaukee, and the CW affiliate in Chicago — among many other enterprises, including the "MeTV" brand.

The donation-based IP-fueled local TV service that the "Big Four" broadcast TV networks love to hate and the NAB despises has just entered its 36th DMA. It happens to be the home of the National Basketball Association's 2021 World Champions.

Gray Television enjoys a presence in Ohio's largest market, Cleveland-Akron, thanks to its ownership of CBS affiliate WOIO-19 and WUAB-43, the CW Network affiliate — former Raycom Media stations. Now, Gray is expanding in the DMA by adding the property found on virtual Channel 6.

Nexstar Media Group is riding high as it prepares to release its Q2 2021 earnings report on August 4. Now, its board of directors has responded with a rich reward to its shareholders of record as of August 13.

Two days ago, Zacks Equity Research analysts predicted that American Tower Corp. would likely beat Wall Street estimates with a strong Q2 2021 performance. It turns out that Zacks was absolutely correct in its assessment, with its quarterly funds from operations, or "FFO," easily beating Zacks' calculations.

Allen Media Group-owned free-streaming platform Local Now has added the first "alpine lifestyle and ski/snowboard culture content TV channel" to the lineup. It's the latest example of how "FAST" channels are quickly becoming the visual answer to the fast-growing podcasting industry.

Consider it the next phase of a longstanding partnership between the Spanish-language media company poised to merge with Mexico's Televisa and the widely known Hispanic Mixed Martial Arts sports franchise. Terms were not disclosed by privately held Univision.

As of August 9, the nation's largest broadcast TV station owner will have its new EVP/CFO. The appointment comes following the promotion in October 2020 of Tom Carter to President/COO, a move that saw him retain his financial role.

TEGNA's board of directors on Thursday declared a second bumped-up dividend payable to shareholders on Oct. 1, so long as they are stockholders of record as of market close on September 3. TEGNA's leader notes the move comes in recognition of the company's strength. Yet, its stock price has moved steadily downward since mid-April.

The former head of HC2 Holdings is quickly amassing a new collection of low-power TV stations through his Sovryn Holdings. His latest acquisition involves a digital low-power facility in the Valley of the Sun.

NBCUniversal and Sky, Comcast's twin visual media and entertainment arms, have launched a global consultancy and research arm. And, in a sign of the times, it is centered around culture.

According to a newly made SEC filing, there's a Michigan-based institutional investor that now holds 5.2% of the publicly traded shares associated with Gray Television. What do we know about this holder, MBX Capital LLC? It's controlled by an Indian-American billionaire entrepreneur and philanthropist.

DISH has selected its primary network services partner for its mobile virtual network operator, or "MVNO," customers, inking an agreement with billions of dollars in value. It's with AT&T, and it is a 10-year agreement, according to a SEC filing made by DISH.