NEW YORK, November 21, 2016 /PRNewswire/ --
In today's pre-market research, Stock-Callers.com takes another look at four equities in the TV Broadcasting industry, which are: Media General Inc. (NYSE: MEG), Tribune Media Co. (NYSE: TRCO), The E. W. Scripps Co. (NYSE: SSP), and The Liberty Media Group (NASDAQ: LMCA). Companies in this category broadcast free television programs to the public and for cable subscribers. Major product lines are broadcasts and programming, production, and post-production services. These stocks research reports can be downloaded now by simply registering for free at:
Richmond, Virginia headquartered Media General Inc.'s stock declined 0.11%, finishing last Friday's session at $18.25. A total volume of 532,753 shares was traded. The Company's shares have advanced 4.58% in the past month, 2.59% in the previous three months, and 13.00% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 2.72% and 5.41%, respectively. Additionally, shares of Media General, which owns and operates television stations in the US, have a Relative Strength Index (RSI) of 65.09.
On November 9th, 2016, the Company reported a net loss attributable to Media General of $69 million ($0.53 loss per diluted share) compared to a net loss of $48 million ($0.38 loss per diluted share) in Q3 2015. The company's net revenues increased 17% to $377 million compared to $322 million in Q3 2015. Broadcast cash flow increased 50% to $135 million compared to $90 million in Q3 2015. Your complete research report on MEG can be retrieved for free at:
On Friday, shares in Chicago, Illinois-based Tribune Media Co. ended the session 1.70% lower at $35.24. The stock recorded a trading volume of 423,641 shares. The Company's shares have gained 5.43% in the last month and 7.00% since the start of this year. The stock is trading above its 50-day moving average by 2.45%. Moreover, shares of Tribune Media, which through its subsidiaries, operates as a media and entertainment company in the US, have an RSI of 60.26.
On November 16th, 2016, Tribune Media and ATTN: announced a strategic partnership that significantly expands Tribune's reach with audiences who rely primarily on content viewed on social and mobile platforms to stay informed. Tribune also announced an investment in ATTN:, the issue-driven media company reaching millions of people every day with original content specifically programmed for social platforms. Financial terms were not disclosed. TRCO free report is just a click away at:
The E. W. Scripps
Cincinnati, Ohio headquartered The E. W. Scripps Co.'s stock gained 0.12%, to close the day at $16.57 with a total trading volume of 437,176 shares. The Company's shares have advanced 18.44% in the last one month. The stock is trading 10.53% above its 50-day moving average and 2.38% above its 200-day moving average. Additionally, shares of E. W. Scripps, which together with its subsidiaries, operates as a media enterprise with a portfolio of television, radio, and digital media brands, have an RSI of 74.29.
On November 7th 2016, research firm The Benchmark Company reiterated its 'Buy' rating on the Company's stock with a decrease of the target price from $24 a share to $19 a share.
On November 9th, 2016, E. W. Scripps announced that Rich Boehne will retire from his role as the company's president and CEO of during H2 2017, and the company has appointed Chief Digital Officer, Adam Symson, to the new position of chief operating officer. As COO, Symson will report to Boehne and oversee day-to-day operations of the company's broadcast TV, digital media and radio divisions. He is expected to move into the chief executive role when Boehne retires. Sign up for your complimentary research report on SSP at:
The Liberty Media Group
Shares in US-based The Liberty Media Group recorded a trading volume of 462,426 shares, and ended Friday's session 0.76% higher at $33.01. The stock has gained 16.81% in the past month, 51.91% over the previous three months, and 19.76% on an YTD basis. The Company's shares are trading above their 50-day and 200-day moving averages by 16.22% and 40.27%, respectively. Furthermore, shares of Liberty Media, which through its subsidiaries, provides entertainment services, have an RSI of 77.49.
On November 8th, 2016, Liberty Media reported that Q3 2016 revenue climbed 9% to $1.3 billion, a quarterly record. The company's net income rose 16% to $194 million and adjusted EBITDA grew 10% to $492 million. During the reported quarter, Liberty Media made minority investment in Formula 1 and announced an agreement to acquire Formula 1.
On November 16th, 2016, research firm Pivotal Research Group reiterated its 'Buy' rating on the Company's stock with an increase of the target price from $35 a share to $55 a share. Register for free on Stock-Callers.com and download the latest research report on LMCA at:
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