The global broadcasting industry is rapidly changing with the emergence of new technology and new consumer trends. The broadcasting industry is best known for its ability to adapt to and reflect quickly changing consumer tastes. This industry consists of those networks that create content and has acquired the right to broadcast. This industry is embracing and trying to exploit the opportunities new technological advancements will provide.
There are various trends that will storm the broadcasting industry in the coming few years. These trends include Mobile TV, 5G, Voice interaction, and the merger of social broadcasting with artificial intelligence. The new upcoming changes in the artificial industry will also provide a lot of opportunities for the broadcasting industry.
Here are the top ten leading companies in the broadcasting industry that need your attention right now:
Sirius XM Holdings Inc. (NASDAQ: SIRI)
Sirius XM Holdings Inc. (NASDAQ: SIRI) shares were trading up 5.41% at $5.65 at the time of writing on Thursday. Sirius XM Holdings Inc. (NASDAQ: SIRI) share price went from a low point around $4.11 to briefly over $7.40 in the past 52 weeks, though shares have since pulled back to $5.65. SIRI market cap has remained high, hitting $24.43B at the time of writing, giving it a price-to-sales ratio of more than 3.
Sirius has earlier revealed that it has decided to share the third quarter 2020 financial and operating results on Thursday, October 22, 2020. If we look at the recent analyst rating SIRI, The Benchmark Company upgraded coverage on SIRI shares with a Buy rating and a $6.84 price target, which implies room for 1.19% upside momentum this year.
Fox Corporation (NASDAQ: FOXA)
Fox Corporation (NASDAQ: FOXA) last closed at $28.02, in a 52-week range of $19.81 to $39.74. Analysts have a consensus price target of $28.84. Fox Corporation (FOXA) has earlier revealed that its performance in this summer period from June’20 to Aug’20 is very strong. Furthermore, the network recorded double-digit increases versus the prior year across all key metrics, including multiplatform unique visitors, multiplatform views, and total multiplatform minutes.
AMC Networks Inc. (NASDAQ: AMCX)
AMC Networks Inc. (NASDAQ: AMCX) Shares headed falling, lower as much as -1.82%. The most recent rating by Macquarie, on August 07, 2020, is at an Outperform. AMC Networks Inc. (AMCX) earlier disclosed that on September 16, 2020, it plans to start a ‘modified Dutch auction’ tender offer to purchase up to $250 million in value of its outstanding Class A common stock, par value $0.01 per share, at a price per Class A Share of not less than $22.50 and not greater than $26.50.
News Corporation (NASDAQ: NWSA)
News Corporation (NASDAQ: NWSA) rose 1.14% after gaining more than $0.16 on Thursday. News Corporation (NWSA) Chief Executive Robert Thomson has talked about the announcement of Google regarding partnerships with news publishers. If we look at its profitability, it has return on assets, an equity investment of -8.30%, -15.30%, and -17.50%, respectively. News Corporation’s market cap has remained high, hitting $8.29 billion at the time of writing.
TEGNA Inc. (NYSE: TGNA)
TEGNA Inc. (NYSE: TGNA) stock drop by -2.38% to $11.47. The most recent rating by Wells Fargo, on August 11, 2020, is at an Overweight. TEGNA Inc. (TGNA) is scheduled to host a conference call to discuss its third quarter 2020 earnings results on Monday, November 9, 2020. TEGNA’s earnings announcement will be released to news outlets and wire services before the market opens on November 9.
Sinclair Broadcast Group Inc. (NASDAQ: SBGI)
Sinclair Broadcast Group Inc. (NASDAQ: SBGI) Shares headed falling, lower as much as -3.69%. The most recent rating by The Benchmark Company, on August 06, 2020, is at a Buy. Sinclair Broadcast Group Inc. (SBGI) has earlier announced that the company and several employees have received Cynopsis’ Media Awards. The Cynopsis Awards honor individual talent and companies who push the media industry forward, consistently empowering and inspiring viewers.
Urban One Inc. (NASDAQ: UONE)
Urban One Inc. (NASDAQ: UONE) stock drop by -14.66% to $4.89. Urban One Inc. share price went from a low point around $0.95 to briefly over $54.16 in the past 52 weeks, though shares have since pulled back to $4.89. It has moved up 415.50% from its 52-weeks low and moved down -90.97% from its 52-weeks high. UONE market cap has remained high, hitting $7.74 million at the time of writing.
Grupo Televisa S.A.B. (NYSE: TV)
Grupo Televisa S.A.B. (NYSE: TV) last closed at $6.36, in a 52-week range of $4.65 to $12.60. Analysts have a consensus price target of $8.28. Grupo Televisa S.A.B ) has moved up 36.77% from its 52-weeks low and moved down -49.54% from its 52-weeks high. This company market capitalization has remained high, hitting $3.64 billion at the time of writing.
Formula One Group (NASDAQ: FWONK)
Formula One Group (NASDAQ: FWONK) rose 2.43% after gaining more than $0.88 on Thursday. Formula One Group (FWONK) stock has fluctuated between the 52-weeks low range of $18.31 and a high range of $48.95. has moved up 102.89% from its 52-weeks low and moved down -24.11% from its 52-weeks high. This company market capitalization has remained high, hitting $7.56 billion at the time of writing.
Urban One Inc. (NASDAQ: UONEK)
Urban One Inc. (NASDAQ: UONEK) last closed at $1.14, in a 52-week range of $0.56 to $6.84. Urban One Inc. (UONEK) has moved up 102.85% from its 52-weeks low and moved down -83.33% from its 52-weeks high. This company market capitalization has remained high, hitting $34.13 million at the time of writing.
