TSQ Continues Its Wall Street Winning Streak
With Audacy Inc. continuing to experience severe share weakness, even after a 1-for-30 reverse stock split, and Beasley Media Group stock under $1 per share, Townsquare Media has emerged as one of the strongest Wall Street performers among those companies who own radio stations.
Are Comscore’s Slumping Shares Not Telling the Full Story?
Simply Wall St. wonders if Comscore's 0.2x price-to-sales ratio may make an attractive investment, as close to half the companies operating in the media industry have P/S ratios above 1x.
Another Tough Day For Audacy Stock
With many across the broadcasting industry discussing The Wall Street Journal's July 11 report that Audacy Corp. is initiating discussions with its lenders to refinance its debt and "optimize" the company's balance sheet, shareholders are expressing newfound wariness in the audio content creation and distribution company led by David Field.
Saga Shares When Its Q2 ’23 Results Will Arrive
The radio broadcasting industry's publicly traded pure-play operator led by Chris Forgy has announced when it will release its fiscal health report for the three-month period ending June 30.
TelevisaUnivision Preparing For Q2 Fiscal Results Reveal
It may be privately held, but that isn't stopping the biggest producer of Spanish-language audio and video content in the world from sharing its second quarter financial results.
Introducing ‘AUDAD’: The Newest Audacy Stock Symbol
Following the decision by Audacy Inc.'s executive leadership team to engage in a 1-for-30 reverse stock split, the audio content creation and distribution company's ticker symbol changed for a third time since the change in nomenclature from Entercom transpired. Introducing "AUDAD."
Emmis Puts Its Dollars Into In-Game Advertising
It considers itself to be "the most advanced intrinsic in-game advertising" platform in the world. And, it has just announced a $48 million Series B funding round, which "significantly increases" its valuation. The infusion of dollars for Anzu involves "several new high-profile investors." Who led the funding round? Look no further than Jeff Smulyan.
MoffettNathanson To ‘Return To Its Roots’
At the end of 2021, respected Wall Street media and telecommunications financial advisory firm MoffettNathanson was sold to the parent of Silicon Valley Bank. By March 2023, SVB was mired in the seizure of its banks by the FDIC, with MoffettNathanson assuring it was "business as usual" for them. Now, the SVB relationship has evolved.
Russell Stock Indices Await Reconstitution. It’s Good For TSQ
The annual reconstitution of the Russell 3000 and small-cap Russell 2000 indices becomes effective on Monday.
For Townsquare Media and its shareholders, it is an action that brings good news and bigger growth opportunities to the "local first" company focused on digital media, programmatic advertising and broadcast radio solutions.
Nexstar Media Shareholders Complete Vote On New Board
Nexstar Media Group, Inc. is making several changes following last week's 2023 Annual Shareholders' Meeting. Many of the votes and changes pertain to Nexstar's Board of Directors and company executives. Official voting results for each proposal will be filed with the SEC.
Townsquare Stock Buy Back Could Show Early Q2 Promise
Townsquare’s “local first” digital approach carried them to a 2023 Q1 that outperformed expectations, despite a net loss. Now the company has taken a large step to buy back and retire shares in a show that Q2 could be a significant bump for the broadcaster.
Consumer Sentiment Index Update Touts Confidence
New data from The University of Michigan Consumer Sentiment Index revealed a slight increase in consumer confidence, potentially pushing the Federal Reserve closer to another rate hike in July. The news slowed down the market to open Friday following a Thursday rally.
U.S. Retail Sales Up 2.8% in May
Brian Wieser, the respected financial analyst focused on media and technology companies, has taken his magnifying glass and combed through the latest U.S. retail sales data, released Thursday by the U.S. Census Bureau. There's 2.8% year-over-year growth on an unadjusted basis in May 2023. That's slower than the inflation rate increase seen in May. What does this mean for broadcast media?
Sinclair Announces Closing of Holding Company Reorganization
Sinclair on Thursday completed its previously announced share exchange, in which it became the new public holding company of Sinclair Broadcast Group. There are no changes to the company's stock ticker, or within its executive leadership team.
Nexstar Shares Slump To Prices Last Seen in 2021
Since December 2021, investors have lost 29% of their share value in NXST, based on Wednesday's closing price. In fact, since the start of May, shares are off $22.53, putting them at their lowest prices in nearly 18 months.