Nexstar Shares Surge Amid Strong Recovery
As recently as Sept. 3, a $95.26 close was seen for Nexstar shares, as the company sought to gain back share gains that started in late February that had all but evaporated. Eight days later, NXST is in full rebound mode, with a healthy gain seen Wednesday.
Nexstar Shares Bounce Back Above $100 Mark, Dividend Comes
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?
Meredith Corp. To Present At Upcoming UBS Event
Meredith Corp., the owner of 17 broadcast TV stations, will present at the upcoming UBS Global TMT Conference. Other sessions of note include a session with ViacomCBS head Bob Bakish and a breakfast event featuring AT&T Chairman/CEO Randall Stephenson.
Is A CFO Departure Unfairly Harming CMLS?
In an announcement distributed just after the Jan. 9 Closing Bell on Wall Street, Cumulus Media revealed that EVP/CFO John Abbot will exit the company following the distribution of its Q4 and full-year 2019 results. Since then, the radio broadcasting company's stock has been in a free-fall. There's no word of yet as to who will succeed Abbot.
Markets Are Down Again
U.S. financial markets moved downward on Friday, as the Dow Jones Industrial Average fell 5.86% to 23,553.22. The Nasdaq composite index lost 4.70%, ending the day’s trading session at 7,952.05.
Conde Replaces Lack In Major NBCUniversal Restructure
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.
Wall Street Gains On Final Fiscal Year Day For Many
It's June 30, and that marks the end of fiscal 2020 for many business. And, it marked a good day for media stocks on Wall Street.
Salem Shares Sink Below $1
On July 23, Salem Media Group shares achieved a year-to-date high. Whatever excited investors then disappeared by the time Salem's Q2 2020 results surfaced earlier this month. Since then, SALM has been in a nosedive. Now, with Monday's Closing Bell, Salem has a dubious achievement: Its shares are now valued at just under $1 per share.
Nexstar Sticks With Its Strong Quarterly Dividend
Nexstar Media Group's Board of Directors has done it again. They're sticking with a quarterly cash dividend that's quite generous in these COVID-19 times. In fact, the existence of a dividend at all is noteworthy in and of itself.
Sinclair Fully Recovers From COVID-19 Stock Slide
On March 30, with COVID-19 pandemic concerns cratering media industry stocks and questions galore arising over the company's RSN deal with FOX, Sinclair Broadcast Group shares dipped to $12.25, a price last seen roughly eight years ago. Nine months later, SBGI has rebounded so strongly that it is just pennies away from its year-to-date high.
Sinclair to Seek Partial Amendment, Extension of STG Credit Facilities
The goal, Sinclair Broadcast Group said, is for the broadcast TV company to reach new term loans which will provide for, among other things, a maturity date that is seven years after the effectiveness of the amendment.
Disney+ Number Shortfall Dings Fiscal Q1
The Walt Disney Company has ended its fiscal second quarter of 2021 with 103.6 million Disney+ subscribers. Uh-oh. Disney+ in early March said it surpassed 100 million subscribers for the first time, and it appears the excitement over the over-the-top platform is slowing down.
Audacy Ends The Week With a Welcome Stock Rise
It's been a challenging six months on the NYSE for Audacy shares. At 2:15pm Thursday, the company's stock dipped as low as $2.93, continuing a fresh downturn that began August 5 but, on a grander scale, dates to mid-March. Friday's trading was a bright one, however, with heavier than average volume fueling a 9.8% rise.
Townsquare Media To Participate in Q4 Virtual Investor Summit
Townsquare Media CEO Bill Wilson and CFO Stu Rosenstein are confirmed as attendees of the upcoming "Q4 Virtual Investor Summit." For Wilson, the event comes just 24 hours after the conclusion of Forecast 2022, for which he is a co-chair.
A Big Dividend Bump for Nexstar
Nexstar Media Group’s Board of Directors have taken an action that’s become something of a rarity in the broadcast media world.