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.
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.
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.
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.
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.
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.
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.
Townsquare Media To Pitch Institutional Investors In Boca
With low temperatures in the mid-50s in the forecast, tomorrow and December 5 are shaping up to be beautiful Tuesdays in South Florida. For Townsquare Media, the hope is blue skies will yield greenbacks in the form of institutional investor commitments generated from a pair of key investor conferences company executives will appear at.
Another Tough Session For Audacy Stock
"AUDA," a OTC issue, has fallen to a fresh post-split low, renewing concerns about Audacy's ability to trade on any venue other than the over-the-counter market, home to the riskiest of investments.
Saga Shareholders Get Another Big Reward
For institutional investors such as Daniel Tisch-led Towerview LLC down to the single person who may hold a handful of stocks, the rich dividends will continue for those with shares in the radio industry's single most-successful publicly traded pure-play company.
Top iHeartMedia Leaders To Attend Wells Fargo TMT Summit
The two individuals at the helm of the nation's largest audio content creation and distribution company have confirmed their upcoming appearance at a major institutional investor conference scheduled for November 29.
Salem Reveals Its Q3 2023 Reveal Date
Its stock price is battling back from a September 15 low of $0.54. Analysts believe its mid-term performance outlook on the Nasdaq market is positive. What can investors expect to hear from CEO David Santrella when Salem Media Group reports its Q3 2023 financial results in one week?
Nexstar Board OKs Dividend As Analyst Toys With Target Price
The board of directors at the top owner of broadcast TV stations has declared a quarterly cash dividend, payable the Monday following the Thanksgiving Day holiday. The decision comes as Argus Research again adjusted its 1-year target price on the company's stock, which has taken a battering in recent weeks.
Beasley Confirms Its Q3 ’23 Earnings Date
Beasley Media Group has announced that it will report its third quarter results on the first day of November. What can analysts and investors expect to hear from CEO Caroline Beasley and CFO Marie Tedesco?