Nexstar Media Group's Q4 report was released Tuesday morning, and the company that seeks to purchase Tribune Broadcasting missed Wall Street EPS predictions but exceed its revenue prognostication. Investors didn't care, sending NXST toward another record high.
The owner of a group of radio stations offering conservative Talk, non-secular spoken word programming, and Christian Pop music under "The Fish" brand will be revealing its Q4 2018 and full-year results in exactly two weeks.
On heavier than usual trading, Entercom shares dipped 4% on Monday, putting them nearly $1 below the company's 1-year target estimate. The fall comes after Entercom's largely upbeat Q4 earnings release on Friday.
The company formerly known as Gannett saw its Board of Directors today declare a dividend payable on April 1, while Nielsen — a company that is strategically reviewing both its struggling Buy and profitable Watch segments — saw its Board on Friday OK a dividend payable March 21.
Are investors concerned that Entercom won't have as good of a fourth quarter as they initially believed? With the company that now owns the former CBS Radio set to release its Q4 and full-year 2018 results Friday morning, Entercom shares were off 4 cents at Thursday's Closing Bell.
With Nexstar getting Tribune and the Apollo Group/Cox Enterprises operation set to get Nexstar's necessary divestments to win regulatory approval, what's up with Sinclair Broadcast Group? For one, its stock year-to-date is on a roll, recovering to levels last seen when its Tribune merger was still on track.
With a 1-year target estimate now well above $100, investors are energized once again about Nexstar Media Group and its potential growth, once its likely acquisition of Tribune Broadcasting is complete and it spins stations -- with Apollo Group/Cox Enterprises' newly formed group taking them.
The Dow Jones Industrial Average was down 40.69 points, to 25,842.56, in Tuesday's trading. Nasdaq, however, gained 11.54 on the day, ending at 7,483.95. How did media stocks fare?
With a declaration that radio is not dying anytime soon but is "merely evolving," Seeking Alpha says a reconstituted, post-bankruptcy Cumulus is printing dollars. How so? Here's its explanation of why the No. 3 licensee of radio stations is on solid footing, even as it pares down assets.
Saga Communications revealed Monday that it will release its Q4 and year-end 2018 results at 9am Eastern on Tuesday, March 12. What should investors expect from this small- and mid-sized market player?
Beasley Media Group shares ended the trading week on a down note as Wall Street prepared for a three-day weekend in observance of Washington's Birthday on Monday, a holiday for the U.S. government and for financial markets. Who else was down, or up?
Wednesday was a strong day on the OTC Pink trading desk for the nation's No. 1 owner of radio stations. Today ... it was an ugly one. Meanwhile, Cumulus Media shares soared 5.8% following yesterday's big announcement that it was paring down assets to lower its leverage while adding three FMs in Indianapolis.
Don't look now, but iHeartMedia stock is on a hot growth streak. At the Closing Bell on Wednesday, the company soon to emerge from debtor-in-possession status saw its stock price jump another 12 cents -- an 8% gain. It's now at $1.60.
How will 2018, and the final three months of last year, shape up for one big radio broadcasting company? We will have all of the answers in 10 days.
The Dow Jones Industrial Average was down 53.22 points, to 25,053.11, while Nasdaq gained 9.71 points, to 7,307.90. How did media stocks fare? The nation's No. 1 radio company by number of stations, iHeartMedia, is on a very strong rebound ahead of its emergence from bankruptcy.