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Can TEGNA Maintain Its Strong Returns?

Return On Equity (ROE) and why it is important was a subject covered by Wall Street blog "Simply Wall St." on Friday. ROE was used to examine TEGNA, by way of a worked example. Here's what they found.
Wall Street / Trading Floor

Mixed Movement In Mid-Week Trading

It was an up-and-down session for stocks on Wednesday, as the Dow Jones Industrial Average rose 36.28 points, to 27,147.08, while Nasdaq was down 8.62 points, to 8,177.39. Among the media companies seeing gains were iHeartMedia and Sinclair Broadcast Group.

Cumulus Shares In Q3: A Slight Dip From Mid-Year Highs

With the third quarter less than two weeks away from its end, Cumulus Media shares remain mired at price points last consistently seen in February. The good news: Cumulus shares are faring better than they did at the start of 2019.

Salem Media Group Shrinks Board to Reduce Costs

With its stock price hovering at close to $2 after a late-August fall to below $1.50, Salem Media Group has been struggling to recover from not only a fresh five-year low but its lowest closing prices in a decade. Now, the company is shrinking its board to reduce costs.

Ups and Downs On Wall Street

U.S. financial markets were down on Monday, with the Dow Jones Industrial Average off 142.70 points, to 27,076.02. Nasdaq was off 23.17 points, to 8,153.54 points. For media issues, trading was mixed.
Townsquare Media Group

Townsquare Shares On The Rise

If there's one broadcast media company stock that deserves a close examination of its 30-day performance, it's likely Townsquare Media. The local media company specializing in radio stations and websites has enjoyed a stock resurgence and is now at its best year-to-date price.

Entercom Gets Its Best Wall Street Finish In Five Weeks

Ransomware, be damned. With much of Entercom's computer systems and email back in action on Thursday morning, ETM shares were flying high in average trading on NYSE. With Thursday's closing bell, a 1.6% gain was seen.

Nexstar Shares Surge Amid Strong Recovery

As recently as Sept. 3, a $95.26 close was seen for Nexstar shares, as the company sought to gain back share gains that started in late February that had all but evaporated. Eight days later, NXST is in full rebound mode, with a healthy gain seen Wednesday.

Salem Board OKs Cash Distribution

Salem Media Group shares started the month of September at their lowest price since July 2009. That didn't stop the Board of Directors for the owner of Christian-themed and conservative talk-focused radio stations from declaring a cash dividend for the third quarter.

Bressler Says Yes To Leveraged Finance Conference

The President/COO and Chief Financial Officer of the nation's No. 1 owner of AM and FM radio stations -- and, now, a top Podcaster -- will participate at the Deutsche Bank Leveraged Finance Conference. The event is scheduled for September 24.

TEGNA Announces Senior Notes Offering

The media company formerly known as Gannett, which owns four radio stations in addition to 51 TV properties, intends to offer some $900 million of senior notes due 2029 in a private offering "to persons reasonably believed to be 'qualified institutional buyers.'"

A Harty Stock Buy Following Steep Slide

On Thursday, Meredith Corp. shares took a beating, as investors expressed worry over the media company's fiscal 2020 forecasts, which came short of Wall Street analyst expectations. What's a President and CEO to do? Buy up shares on the cheap.

Nexstar Rebounds Past $100 Mark In Friday Trading

For the first time since August 13, and just the second time in five weeks, Nexstar Media Group shares climbed above the $100 threshold in moderate trading on Friday. The jump comes as Simply Wall St. asks if it is time to consider buying Nexstar shares.
Wall Street / Trading Floor

Beasley Shares Slip Below $3 Mark

U.S. financial markets were largely up on Thursday, with the Dow Jones Industrial Average climbing 372.68 points, to 26,728.15. Nasdaq was up 139.95 points, to 8,116.83. Yet, it wasn't a great day for Meredith Corp. ... or for Beasley Media Group.

After Early Dip, Nexstar Climbs In Soft Trading

In the first hour of trading, Nexstar Media Group shares were trending downward. Then came the news that it did not engage in "good faith" violations with respect to retransmission consent negotiations involving a small Tennessee MVPD. The FCC win gave NXST a shot in the arm.

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