Wall Street enjoyed a strong start to November, as the Dow Jones Industrial Average surged 1.1% to 27,347.36. Nasdaq was also up 1.1% to 8,386.40. Most media company stocks were up, too. Unfortunately for Beasley, a fresh 10-year low was seen.
American Tower late Thursday released its Q3 results, and they were positive, beating the Street. On Friday, however, AMT shares were poised to finish down 1.5% amid short-term concerns the stock is overvalued.
Entravision Communications will unveil its latest quarterly results a week from now. What will investors and analysts find?
Univision Communications has revealed when it will unveil, and discuss, its Q3 results. The second quarter marked the first one for newly installed CEO Vince Sadusky, and saw net income go down, but net revenue rise.
With its stock price at a 10-year-low, Beasley Broadcast Group has much ground to gain should it wish to reverse a decline in share value prompted by the sell-off of BBGI shares from the Bordes family acquired as part of its sale of Greater Media. Could the company's Q3 results provide a spark?
That incendiary question serves as the headline of an Insider Monkey video report on Entercom by Reymerlin Martin that puts a magnifying glass on why the radio broadcasting company has seen a decrease in support from "the world's most elite money managers" in recent months.
CBS Corporation and Viacom Inc. late Monday confirmed that the registration statement on Form S-4 (No. 333-234238) filed by CBS with the SEC was declared effective by the regulatory agency on October 25.
Beasley Media Group is expected to unmask its Q3 earnings between Halloween and November 4. Will investors be treated to a not-so-scary report, or is a fright fest on the way? The latter may be the case, given BBGI's late-afternoon slide, sending it to a fresh five-year low.
Will Salem investors experience a repeat of the company's last fiscal performance -- one that Zacks Equity Research says delivered an earnings surprise of minus 300% during Q2 -- for the three months ending Sept. 30? They'll find out a week from Wednesday.
With Friday's Closing Bell on Wall Street, NXST is at $103.29 per share. The performance completes a week of upward movement for the broadcast TV company's stock, and returns it to a level last seen a month ago. Now, can Nexstar propel past prices seen six months ago?
The multimedia company with two cable TV channels and a host of radio stations superserving African-Americans, in addition to a large casino resort just to the south of Washington, D.C., will release its third quarter results on Nov. 7.
Townsquare Media will release third quarter 2019 financial results before the market opens on November 5. The news comes as TSQ's first month of Q4 has outperformed much of the stock's performance of the previous three quarters.
Commenting on the decision to declare a healthy shareholder dividend, TEGNA EVP/CFO Victoria Harker said, "TEGNA continues to create value for our shareholders through our operational excellence, rigorous financial discipline, and execution on key strategic initiatives.”
With its domestic subscriber growth engine sputtering and most of its rapid acceleration occurring overseas, the biggest threat to broadcast and cable television has just revealed that it intends to offer -- subject to market and other considerations -- roughly $2 billion worth of senior notes.
On Sept. 3, TEGNA shares hit $16. By Oct. 1, they were back down to below $14.50. By the end of the month, a stock price even higher than $16 could be seen -- putting a company surrounded by rumors at a fresh year-to-date high on Wall Street.