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Audacy Shares Dip To New 2021 Low

Just days after President/CEO David Field snapped up more shares of his company's stock, Audacy Inc. stock on Wednesday continued its month-long downturn. As the clock struck 2pm Eastern, AUD was down to a price last seen in late December 2020.

David Field Snaps Up More Audacy Stock

With Audacy Inc. shares just five cents higher than where they sat on January 4, the company's Chairman and President/CEO has acted by acquiring nearly 120,000 shares of stock in the audio content and distribution company he leads.
Audacy executives virtually ring the Opening Bell for trading on NYSE Friday (4/9), as "ETM" officially changed to "AUD" as the company's ticker symbol following last week's name change from Entercom.

On Heavy Trading, Audacy Shares Erase 2021 Growth

In mid-February 2021, Audacy Inc. shares were priced at $6.26 per share, swiftly rising from a $2.80 per share price seen in early January. By mid-March, a slow and steady deceleration for the company's NYSE-traded stock would commence. By November 1, AUD seemingly seemed content on staying in the mid-$3 range. With Thursday's Closing Bell, Audacy's shares have now retreated to where they sat on January 4.

‘A Return to Normalcy Modifies Media Disruption’

A hybrid return to normalcy offers a brighter outlook for film and broadcast station advertising, while posing challenges to momentum for subscription streaming, broadband and global pay TV amid persistent semiconductor supply constraints. That's according to the just-released 2022 Technology, Media, and Telecom (TMT) Outlook from S&P Global Market Intelligence.

Spotify Acquires an Audiobook Operation

Spotify Technology S.A. has entered into a definitive agreement to acquire a company described as a "global leader in digital audiobook distribution." Terms of the transaction were not disclosed.
Townsquare Media Group

Townsquare Media To Participate in Q4 Virtual Investor Summit

Townsquare Media CEO Bill Wilson and CFO Stu Rosenstein are confirmed as attendees of the upcoming "Q4 Virtual Investor Summit." For Wilson, the event comes just 24 hours after the conclusion of Forecast 2022, for which he is a co-chair.
Money

Gray Closes $1.3 Billion Note Offering

The broadcast television station licensee that is on target to complete its merger with Meredith Local Media within the next eight weeks has completed its offering of $1.3 billion in aggregate principal amount of 5.375% senior notes due 2031.

Audacy Q3 Results Come Tuesday. What Can You Expect?

What can investors and analysts expect to see from Audacy Inc.? Seeking Alpha offers its take on what could come from the audio content creator and distributor that in addition to radio stations owns big podcast producers Cadence13 and Pineapple Street.

Salem Confirms Appearance At ‘Investor Summit’

Salem Media Group, which beat the street with positive growth in the third quarter of 2021, has confirmed that it will be one of a list of presenters at the event formerly known as the MicroCap Conference.

Nexstar’s Upcoming Dividend Gets Wall St. Notice

For investors, getting in to Nexstar Media Group would involve purchasing the company's stock at a record high, as NXST has surged from $57.73 in March 2020. For Simply Wall St., snapping up shares today may still be beneficial. Why? Nexstar is going ex-Dividend next week.

Spotify Shares Top The $300 Mark

Last week, Jeffrey Wlodarczak, the Principal and Entertainment/Interactive Subscription Services Analyst at Pivotal Research Group, gave Spotify a glowing assessment in his latest investor note. Now, another analyst is heaping praise on the streaming audio giant. And, that pushed the company's stock past a major threshold in Monday's trading.
Alfred Liggins, Urban One

Urban One Shares Stumble Ahead of Key Casino Vote

An all-important referendum on whether or not Urban One can move forward with plans to build its second casino gaming resort is being put to voters in Richmond, Va., on Tuesday. Does polling suggest that the plan may not win voter approval? Urban One's leader says no. Yet, shares were down by double-digits on Friday.
Jeff Smulyan, as photographed in late 2019

Emmis To Repurchase Up To 2 Million Shares

The company founded and led by Jeff Smulyan has earmarked as much as $5.2 million to invest in a long-awaited stock repurchase initiative — one that will take up to two million Class A Emmis Communications shares out of public hands.
Twitter

Tweet This: Social Media Firm’s Q3 For The Birds

Following in Spot Inc.'s footsteps in 2016 would have been a good move. Today, with respect to its finances, it is ill-advised. Tell that to Jack Dorsey, the billionaire CEO at Twitter. His company's shares plummeted Wednesday on Wall Street following the release of less-than-stellar Q3 2021 results.

An Upsizing and Pricing of Gray’s Senior Notes Is Seen

The offering of the Notes, done to allow Gray to finance its acquisition of Meredith Corp.'s local media group, is expected to close on November 9, subject to customary closing conditions. At that time the proceeds of the offering will be funded into an escrow account.
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