🍪 Our Cookies

This website uses cookies, pixel tags, and similar technologies (“Cookies”) for the purpose of enabling site operations and for performance, personalisation, and marketing purposes. We use our own Cookies and some from third parties. Only essential Cookies are used by default. By clicking “Accept All” you consent to the use of non-essential Cookies (i.e., functional, analytics, and marketing Cookies) and the related processing of personal data. You can manage your consent preferences by clicking Manage Preferences. You may withdraw a consent at any time by using the link “Cookie Preferences” in the footer of our website.

Our Privacy Notice is accessible here. To learn more about the use of Cookies on our website, please view our Cookie Notice.

Disney-Charter dispute sparks broadcast blow-up

Share

News and Analysis

Disney-Charter dispute sparks broadcast blow-up

Bill Weisbrod's avatar
  1. Bill Weisbrod
•3 min read

Debt issued by broadcast media companies sold off hard this week, as a carriage dispute between Disney and Charter Communications highlighted industry-wide problems. 

Companies hit by the selloff include Nexstar, EW Scripps, Gray Television, Sinclair Broadcast Group, Tegna, Univision Communications and AMC Networks, as well as Charter itself. 

“It’s been super topical and active,” a high yield trader said. “I see some of these names trading a lot every day.”

Among the biggest decliners were EW Scripps’ $500m 5.375% notes due 2031, which are quoted at 64.39 compared to 71.094 at the start the week, and Gray Television’s $800m 4.75% senior notes due 2030, which are down to 64.2 from 68.609 over the same period.

Read all our public content for free

We won't spam. You can unsubscribe at any time.

What are you waiting for?

Try it out
  • We're trusted by 9 of the top 10 Investment Banks