AUD - A Growth Path For MediaCo But Not Without Risk
- MediaCo is a multimedia company, known for its ownership of HOT 97, WBLS radio stations, and Fairway Outdoor for billboard advertising.
- After having been impacted by COVID, the company is on a growth path.
- The strategic realignment, with a focus on digital innovation, should lead to more marketing revenues through greater integration of the broadcast, digital podcast, and event platforms.
- There are stock volatility risks due to its low float and a relatively high percentage of short interest.
- Whether it is because of fundamentals or for ESG reasons, the company makes for an appropriate long-term investment.
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A Growth Path For MediaCo, But Not Without Risk