On December 12, the offices of Jones Walker LLP in New Orleans will play host to a daylong event dedicated to Media Tax hosted by the Media Financial Management Association (MFM). The all-day Media Tax Summit will also include a cocktail reception immediately following the learning sessions.
With its shares at $35.47 at Thursday's close of trading but significantly down from where they were in the first half of 2019, Meredith Corp.'s Board of Directors on Wednesday nevertheless moved forward with a regular quarterly dividend as company executives prepare to present on Friday at Stephens' 2019 Nashville Investment Conference.
Nexstar Media Group has priced its previously announced offering of $665 million in aggregate principal amount of 5.625% Senior Notes due 2027. The notes will be issued as additional notes under the indenture, dated as of July 3.
Senate Commerce Committee Chairman Roger Wicker postponed a vote scheduled for Wednesday on the Satellite Television Access Reauthorization (STAR) Act. Perhaps he's yielding to the lower body of Congress to see what the House Subcommittee on Communications and Technology has to say about the bill on Thursday.
A free streaming television service that's gaining traction with cord-cutting consumers will now benefit from the debut of three additional channels. Providing these channels is CBS Interactive — a message that the company set to merge with Viacom is intent on bringing its content to as many avenues as possible.
Roughly 6 1/2 years ago, Armstrong Williams' Howard Stirk Holdings LLC acquired WEYI-TV in the Flint-Saginaw-Bay City, Mich., DMA and, at the same time, WWMB-TV in Florence-Myrtle Beach, S.C. Today, those TV stations are back in the news, as they have reached a new retransmission consent agreement with AT&T.
Pivotal Research Group analyst Jeffrey Wlodarczak recently took a good look at "SIRI," the Sirius XM Holdings stock, and put a little logic into the value for investors of buying this issue rather than that of The Liberty Sirius XM Group. Now, he's given "LSXMA" a good look. He still can't figure out why anyone would invest in this issue, rather than "SIRI."
While the words from CBS Corp. President and acting CEO Joe Ianniello describing his company's final Q3 report were positive, the entity set to become a unit within ViacomCBS missed Wall Street consensus revenues estimates while beating the Street on its earnings per share.
With approximately 60% free cash flow accretion to be arrived from Nexstar's acquisition of Tribune Media, the company Perry Sook founded roughly a quarter-century ago with the purchase of a Scranton, Pa., TV station is riding high. "We view this as best of the 36 transactions we've done in our history," he said.
The Nexstar President/CEO and company founder is planning to deliver the Keynote address at the event's Station Group Summit. The news came as NATPE is bringing back the IRIS awards, created to recognize best-in-class executives, program producers, creators, talent and content "that makes a significant impact on the industry and our culture."
"Our third quarter results were impacted by declines in our radio and digital segments compared to the prior year," Entravision Chairman/CEO Walter Ulloa said of its Q3 earnings. While the TV segment "did remain constant," Entravision is trimming back over-the-air coverage of The CW Network in South Texas.
As MoffettNathanson Senior Analyst Michael Nathanson sees it, "those looking for clarity on FY 2020 earnings may not be comforted by Disney’s quarterly results until we get closer to the mid-way point of this fiscal year when many factors are known or, at least, extractable by trend analysis."
The E.W. Scripps Co. had a busy 2019, with new TV stations from Nexstar, Cordillera Communcations and Gray Television now in the mix. As such, comparisons to Q3 2018 aren't entirely accurate. What is accurate is that Scripps enjoyed a strong quarter, full of revenue growth.
By the end of 2019, TEGNA expects to be "disproportionately impacted" by cyclical even-to-odd year results due to the absence of more than $140 million of political revenue in 2018. As such, even while growth in revenue will be seen in Q4, some investors may start biting their nails.
Analyst Michael Nathanson believes that while the industry is under siege from accelerating cord-cutting and audience erosion, "Fox’s laser focus on live sports and news content is the right strategy to drive higher per subscriber pricing and more stable viewership trends."