Among the department stores that have turned to broadcast media to build retail sales is Minneapolis-based Target Corporation. Perhaps a boost in radio and TV spots is on the way, given the company's astoundingly positive Q3 results.
Sinclair Broadcast Group shares dipped below $37 a share in Tuesday's trading after investment house Stephens slashed its price target on the media company's stock. Why? It is concerned about Sinclair's acquisition of regional sports networks (RSNs) from Fox.
At 10:30am Tuesday, Townsquare Media shares were down, hitting $7.78 a share. Then, in the last hour of trading, shares of TSQ surged on the NYSE. The result: a four-cent gain, putting the stock back at the $8 level.
Some share price movements can give investors a better opportunity to enter into the stock, and potentially buy at a lower price. A question posed this week by Simply Wall St. is whether Sinclair Broadcast Group's trading price of $39.31 is reflective of the actual value of the mid-cap stock.
It's just what the doctor ordered for Cumulus Media: Respected financial analysis house Zacks on Thursday added five stocks to its "Strong Buy" list. Yes, Cracker Barrel Old Country Store is on the list. But, so is the owner of such stations as "powerhouse" Talker KMJ-AM in Fresno and Classic Hits stalwart WGRR-FM in Cincinnati.
With its shares at $35.47 at Thursday's close of trading but significantly down from where they were in the first half of 2019, Meredith Corp.'s Board of Directors on Wednesday nevertheless moved forward with a regular quarterly dividend as company executives prepare to present on Friday at Stephens' 2019 Nashville Investment Conference.
Until September 26, Salem Media Group's stock price hadn't been so low since July 2009. With today's Closing Bell on Nasdaq, SALM is in danger of matching or surpassing that deep dip in share value.
Comscore shares soared on Wednesday -- a residual effect from the installation of a new CEO and, perhaps, a positive shout-out from the nation's No. 1 owner of broadcast TV stations during that company's Q3 earnings call. Indeed, Nexstar could be indirectly responsible for a 23% surge in SCOR's value.
Cumulus Media on Wednesday enjoyed one of its best days on Wall Street in a very long time. On heavy trading volume, CMLS was up 6.7% to $14.51 — it's best close since late September.
In an uncommon move announced just hours before analysts and investors were set to receive them, Salem Media Group on November 6 shelved the distribution of its Q3 earnings results until further notice. The company is now ready to present its numbers to investors and analysts.
With ninety minutes remaining in the first trading week of November 2018, Beasley shares tumbled downward once again, continuing a streak of poor Wall Street performance that began in late May. At that time, BBGI was just under $4 a share. Today, it's at a new 10-year low.
Gray Television investors on Thursday demonstrated their approval of a decision by the broadcast TV company's Board of Directors to allow Gray to repurchase up to $150 million of outstanding common stock and/or Class A common stock through the last day of 2022.
The board of directors of The E.W. Scripps Co. has declared a cash dividend for the fourth quarter of 2019. The dividend will be paid out of the company’s surplus.
Better get a Quattro-Venti at the Green Apron near you on Thursday morning: no less than five Q3 earnings reports are set for release. The fun begins at 8:30am, with iHeartMedia, and hits a fever pitch at 10am — with what at press time will be dueling analyst calls from Beasley and Urban One.
With a widely known consensus outlook that indicates a year-over-year decline in Q3 earnings, due to lower revenues, Zacks Media Research says it is important to view how Cumulus Media's actual results compare to these forecasts. Look for CMLS to soar if the company beats the Street.