Broadcasting Stocks

Its stock is rebounding from a year-to-date low of $9.84 on October 5. Analysts believe shares are "near fair value" despite negative short-term and long-term performance outlooks. Could the Q3 2023 earnings report from Sinclair Inc. spur a needed growth spurt for its Nasdaq-traded shares? All will find out on November 1.

With trading on the Columbus Day holiday, which saw U.S. stock markets open while the bond market was closed, AUD dipped by 8.6% to just 32 cents. This puts Audacy shares at a value that, had there never been a reverse stock split, would make $0.02773 the price at which trading will commence on Tuesday.

Urban One has disclosed to the Securities & Exchange Commission that it has gained another extension from Bank of America and its lenders to file its quarterly reports for the first half of 2023 — a significant delay caused by the company's firing of BDO and subsequent hiring of EY to get its financials in order.

The publicly traded radio industry pure-play led by CEO Chris Forgy has announced when it will release its fiscal report for the three-month period ending September 30. What can institutional investors including Towerview LLC, led by Daniel Tisch, expect to see?

By the closing bell on Friday, both the Dow Jones Industrial Average and the S&P 500 had tumbled to end an already tough September on a sour note, fueled by the likelihood of a government shutdown. Despite the dip, broadcast stocks remained about even for the day, to close out the third quarter. 

The Deutsche Bank 31st Annual Leveraged Finance Conference is coming next week, and the Chief Executive Officer and Chief Financial Officer of Sinclair Inc. are confirmed as presenters at the Scottsdale, Ariz., event. 

Some of its peers have yet to reinstate a quarterly dividend suspended following the onset of the COVID-19 virus in the U.S. some 3 1/2 years ago. For Saga Communications, cash rewards to its shareholders has been a hallmark of stock ownership. Now, Saga's board has said yes to another quarterly cash dividend of significance.

Nexstar Media Group has decided when it will reveal its third quarter 2023 fiscal results, and host an earnings call for debtholders, stock owners, institutional investors and financial analysts eager to see how the nation's No. 1 owner of broadcast TV stations — and NewsNation — performed as its majority interest in The CW points to new growth opportunities.

After stronger-than-expected growth so far, the U.S. economy is poised to slow down for the rest of 2023 and come in below trend for the next two years. "The balance of risk to our baseline forecast is tilted to the downside," says S&P Global Ratings.

With its fiscal year 2022 results still not shared with the public, Urban One shareholders on September 14 convened for the company's annual meeting. At the event, proposals ranging from the election of two new Class A directors to the ratification of Ernst & Young as its independent registered public accounting firm for FY 2023 were seen.

The probability of a recession starting within the next 12 months has moderated since the beginning of the year. But, new data show it remains a worry for many financial analysts, putting new clouds on broadcast media ad sales growth.

With its shares rebounding from a year-to-date low experienced on September 8, TEGNA's executive leadership team has determined when it will release its third-quarter 2023 results.

With Audacy Inc. struggling to keep its stock above the $1 mark, even after a 1-for-30 reverse stock split, two other radio broadcasting companies are experiencing challenges keeping their respective shares above the all-important price point.

The Chairman/CEO and the President/COO and CFO of iHeartMedia, Inc. have confirmed their appearance at a key institutional investor event scheduled for September 13.

It is formerly known as Emmis Communications and was once a formidable operator of radio stations across the U.S. Now known as Emmis Corporation, the publicly traded company founded by Chairman Jeff Smulyan has shared that it has received "overwhelming support" from shareholders to amend its articles of incorporation, as outlined in its proxy statement.