Embattled Rogers Family Members ‘Retire’ From Board of Directors

A fight over the legacy of Ted Rogers has formally concluded at Canadian mega-giant Rogers Communications, thanks to a private settlement between his descendants and the publicly traded company that bares his surname.

Cogeco Board Of Directors’ Voting Results Shared

Cogeco Inc., the Montréal-headquartered media company that owns the Breezeline MVPD operating in the U.S., says each of the nominees as directors for the company listed in a company information circular dated November 22, 2023 was elected.
Bell Media

Bell Media Parent Readies Q4 Results As CHUM Claims Dye

The parent of broadcast media company Bell Media, which enjoys a close relationship with iHeartMedia for its radio stations across Canada, has announced when it will hold its Q4 2023 and 2024 guidance call for investors and analysts. What can those with shares in BCE Inc. expect to hear?

TEGNA Selects Q4, Full-Year 2023 Results Reveal Date

The conference call will be webcast through the company’s website, and is open to investors, the financial community, the media and other members of the public. Full details of what TEGNA has to share will be covered later that day in the RBR+TVBR Afternoon Headlines E-mail.

TEGNA Sets Shareholder Meeting

The broadcast TV station owner presently feuding over carriage fees with DirecTV has revealed when its next annual shareholders meeting will be.
Townsquare Media COO/Local Media Erik Hellum 

Townsquare Media Exec Cashes In With Share Sale

According to a SEC filing, the COO of Local Media for the "local first" digital media, digital marketing solutions and radio company focused outside the top 50 markets in the U.S. on December 26 engaged in a stock sale bringing to him a tidy sum — based on the purchase and sale prices.

A Pivotal Upgrade For Spotify Stock

Spotify shares rose by 2.2% to $192.85 in Thursday's trading on the news that an influential Wall Street media and technology securities analyst has given its stock a sizable upgrade.
Lee Ann Gliha, now EVP/CFO at Nexstar

Nexstar CFO Inks Contract Extension

She joined Nexstar Media Group in August 2021 and oversees all financial aspects of the Dallas-headquartered company's business. And, she'll be doing it for the foreseeable future, thanks to a multi-year extension of her employment agreement with the company founded and led by Perry Sook.
BEVERLY HILLS, CALIFORNIA - MARCH 12: Byron Allen at Byron Allen's Oscar Gala at the Beverly Wilshire, A Four Seasons Hotel on March 12, 2023 in Beverly Hills, California. (Photo by Michael Bezjian/Getty Images for Allen Media Group / Byron Allen)

A Bigger Board for Allen Media Group

Originally called Entertainment Studios when it was founded in 1993, the original board of directors for AMG was comprised of company founder and Chairman/CEO Byron Allen; Carolyn Folks, Allen's mother; and Chief Operating Officer Terence Hill.
Chris Forgy

A Big Special Dividend For Saga Shareholders

Saga Communications shareholders of record as of today will be receiving a Christmas bonus of sorts come January 12, 2024, as the company's Board of Directors is moving forward with a sizable special cash dividend. Today's activity likely prices the dividend into the value of the company's stock.
Bob Iger

Disney Proxy Fight Heats Up With Peltz Self-Nomination

Nelson Peltz is so convinced he deserves a seat on the Board of Directors of The Walt Disney Company that he has moved forward with nominating himself for a chair, leaving it up to Disney shareholders to decide if he and a second candidate — a former Disney CFO — deserve to be elected.
Wade Davis

TelevisaUnivison Swaps New Debt For Old Debt

It's a common move for media companies with the ability to do so — swap debt due in a few years for a new debt facility, at different terms, for a later date. That's exactly what privately-held TelevisaUnivision Inc. just did with respect to millions of dollars in loans associated with its U.S. operations.

Spotify Gets An Analyst Downgrade Over User Fears

A Citi financial analyst has downgraded Spotify stock. Why? User retention is a worry — something Radio should take notice of.
Walt Disney World Magic Kingdom lit up at night

Activist Investor Launches Second Bid For Disney Board Seat

If at first you don't succeed, try again. That old adage is proving true for an activist investor who is insisting on gaining a seat on the board of directors for ABC Owned Stations and ESPN parent The Walt Disney Co.
Chart

S&P Global Ratings Raises Economic Growth Forecast

S&P Global Ratings now expects the U.S. economy to expand 1.5% in 2024 on an annual average basis — a slight rise from its September forecast. The news suggests that the economy will be "cooling off but not breaking" across next year.