How bad is the COVID-19 pandemic damage on one of the world's biggest and most influential media and entertainment businesses? It's pretty disappointing, as The Walt Disney Co. failed to meet Street expectations with respect to the net income it reported Tuesday.
Andy Lack is leaving. And, the top executive overseeing NBCUniversal Telemundo Enterprises is taking over his role as part of a wholesale restructuring. An official announcement arrived seconds before RBR+TVBR's Monday deadline of 4:30pm Eastern that flushes out the details, and it confirms a big promotion is in the works for Cesar Conde.
Nexstar Media Group's Board of Directors has signed off on a sizable quarterly cash dividend — a positive sign that came just before the latest setback for media stocks on Wall Street.
Due to its operations being impacted by COVID-19, Urban One was unable to finalize and file its annual report on Form 10-K on a timely basis to meet its annual report filing deadline of March 30. But, a SEC order made March 25 allowed for a 45-day extension, and Urban One took it. On Wednesday, the filing of its annual report finally came.
With near-daily press communication from both parties advocating for the election of their respective board of directors nominees, TEGNA shareholders on Thursday will finally have their say as the TEGNA annual shareholders meeting gets underway, virtually. With 24 hours to go, TEGNA decided to sweeten its shareholders by declaring a sugary dividend.
Cumulus Media has finalized the date and time of its first-quarter 2020 earnings call. Here are the details, along with RBR+TVBR's analysis of the audio media company's stock. In short, the company's Wall Street performance has improved in just one week's time.
Add Gray Television to the list of media companies that have decided to hold its annual shareholders meeting exclusively in a virtual format. Here are the details of how the event will take place.
Cumulus Media shares finished Friday's trading on the Nasdaq Global Select market on a positive note. How did other broadcast media stocks fare?
Want to know when iHeartMedia will reveal its first-quarter 2020 financial results? Be prepared to see how the nation's top owner of radio stations performed through March 31 exactly two weeks from today.
Some of the nation's biggest publicly traded radio broadcasting companies withered on Wall Street in Wednesday's session. Among the companies seeing declines: Urban One, Beasley Media Group and iHeartMedia.
On a day when crumbling oil prices sent general indices sliding downward, Beasley Media Group shares rose. A few other radio broadcasting companies also finished the day in positive territory.
While COVID-19 has impacted many companies on Wall Street, Nielsen shares have been in a downward slide since September 2016, when they reached $53.57 a share. On April 1, a record low of $11.85 was recorded. Today, they're slightly better. What's to come for NLSN could largely depend on its Q1 financial report.
U.S. financial markets enjoyed a healthy session on Friday, with the Dow Industrials improving by 3%, to 24,242.49, and the Nasdaq rising by 1.4%, to 8,650.14. How did media stocks perform?
With all eyes on its upcoming annual shareholders' meeting and what level of influence, if any, disgruntled major shareholder Standard General has, TEGNA has announced when it will release its first-quarter 2020 results. It will be after what could be a pivotal annual shareholders' meeting for the company.
U.S. financial markets enjoyed another positive session, with Wall Street's major indices moving upward. Several important radio broadcasting companies also saw much-needed gains. Among those entities: Entercom.