Westwood has entered into a partnership with ETF veteran Ben Fulton to scale Westwood's ETF platform, offering investors and advisors new, highly innovative strategies Our new partnership called WEBs—"Westwood Engineered Beta"—will apply a proprietary strategy seeking to provide a more stable investment experience and better risk-adjusted returns to investors Westwood will form the partnership by investing in WEBs Investments Inc. and will provide distribution resources and administrative support, with an o ...

Core Viewpoint - Westwood Holdings Group (WHG) announced monthly income distributions for its ETFs, Westwood Salient Enhanced Midstream Income ETF (MDST) and Westwood Salient Enhanced Energy Income ETF (WEEI), both providing double-digit income to investors [1][2]. ETF Overview - MDST, launched on April 8, 2024, has surpassed $50 million in assets under management (AUM) and focuses on midstream energy companies, targeting significant monthly income through dividends and options premiums [3][4]. - WEEI, launched on April 30, 2024, has $14 million in net assets and offers broad exposure to various energy sectors, also utilizing dividends and options premiums for income generation [4]. Income Distribution Details - Both MDST and WEEI have a distribution per share of $0.225, with annualized distribution rates of 10.5% for MDST and 11.5% for WEEI [2][7]. - The current month's distribution is noted as a 100% return of capital, indicating that distributions may include ordinary dividends, capital gains, and return of investor capital [8]. Performance Metrics - As of June 30, 2024, MDST reported a quarter-to-date (QTD) net asset value (NAV) return of 3.52% since inception, while WEEI reported a NAV return of -0.76% [5]. - The expense ratios for MDST and WEEI are 0.80% and 0.85%, respectively, with subsidized 30-day yields of 4.74% for MDST and 2.42% for WEEI [5][6]. Company Background - Westwood Holdings Group, founded in 1983, is a focused investment management boutique offering a range of investment solutions, including ETFs, to institutional investors and private wealth clients [10][11].

2024 Season Coverage Kicks Off September 5 when the Defending Super Bowl Champion Kansas City Chiefs host the Baltimore Ravens Includes First Ever NFL Game to be Played in São Paulo, Brazil, between the Philadelphia Eagles and the Green Bay Packers on September 6 Westwood One's NFL Primetime Game Broadcasts Available to Fans on Westwoodonesports.com, Affiliated Stations' Primary Digital Platforms, NFL+ and the NFL App NEW YORK, Sept. 04, 2024 (GLOBE NEWSWIRE) -- Cumulus Media's (NASDAQ: CMLS) Westwood One, ...

NEW YORK, Aug. 20, 2024 (GLOBE NEWSWIRE) -- Cumulus Media's (NASDAQ: CMLS) Westwood One, the largest audio network in the U.S., will present national audio coverage of the 2024 college football season. Highlighting Westwood One's schedule of 16 regular season games will be matchups with top-20 teams including the University of Georgia, The Ohio State University, The University of Texas, the University of Oregon, the University of Mississippi (Ole Miss), The University of Alabama, the University of Missouri, ...

Financial Data and Key Metrics Changes - Total revenues for Q2 2024 were $22.7 million, unchanged from Q1 2024 and up from $21.9 million in Q2 2023 [23] - The comprehensive loss for Q2 2024 was $2.2 million or $0.27 per share, compared to income of $2.3 million or $0.27 per share in Q1 2024 and income of $2.9 million or $0.36 per share in Q2 2023 [24] - Firm-wide assets under management and advisement totaled $16.8 billion, with $15.8 billion in assets under management and $1 billion in assets under advisement [25] Business Line Data and Key Metrics Changes - The wealth management business experienced net outflows of $89 million, with a third attributed to expected tax payments and required minimum distributions [8] - Institutional and intermediary distribution channels had net outflows of $193 million, with $100 million coming from a 25-year institutional client rebalancing from equities to fixed income [9] - The MLP and Energy Infrastructure strategy showed improvement in performance and peer rankings, with positive net inflows reported in mutual funds [10][11] Market Data and Key Metrics Changes - The S&P 500 rose, but returns were concentrated among a few mega-cap growth stocks, leading to performance disparity [5] - The Russell 1000 Growth Index gained 8.3%, while the Russell 2000 Value Index declined 3.6% [5] - Market depreciation of $51 million affected assets under management, alongside net outflows of $0.3 billion [25] Company Strategy and Development Direction - The company is focusing on expanding its ETF offerings and has made a strategic hire to lead ETF sales and distribution [15][27] - Plans to launch managed investment solutions capability are underway, with a robust pipeline of new business exceeding $1 billion [10][31] - The investment in the Texas Stock Exchange is seen as a strategic move to capitalize on the growing Texas economy and potential synergies [17][28] Management's Comments on Operating Environment and Future Outlook - The current market presents challenges but also opportunities, particularly in the energy sector, which is expected to enter a secular bull market [20] - Management expressed confidence in the future, highlighting the importance of high-quality investments and the potential for growth in SmallCap and SMidCap strategies [19][12] - The company is optimistic about the upcoming launch of new products and the expansion of its investment strategies [18][31] Other Important Information - The company returned approximately $1.1 million to shareholders through a share repurchase program, buying back 86,000 shares [19] - A regular cash dividend of $0.15 per common share was approved, payable on October 1, 2024 [26] Q&A Session Summary Question: Future ETF Strategy - The company plans to expand its ETF offerings and is considering converting existing products into ETFs, with a focus on monthly income and attractive yields [27] Question: Texas Stock Exchange Investment - The investment in the Texas Stock Exchange is viewed as a long-term opportunity for capital appreciation and potential marketing synergies due to the growing Texas economy [28]

WHAT: Rich Valdés, host of Rich Valdés America at Night on Westwood One, will be covering the Republican National Convention and providing interviews with key party members. SPECIAL GUESTS: About Westwood One NEW YORK, July 14, 2024 (GLOBE NEWSWIRE) -- Dan Bongino, host of The Dan Bongino Show, will be at the Republican National Convention streaming live special coverage in addition to his regularly scheduled syndicated radio show on Westwood One and his daily podcast. Westwood One offers 24-hour news/talk ...

Core Insights - Cumulus Media has announced that Mark Levin will continue to host "The Mark Levin Show" and his podcast for multiple years, along with developing a new original content podcast series [2][10] - Levin has been with Cumulus Media since 2007 and has a significant presence, airing on nearly 400 radio affiliates and reaching major metro markets [3][6] - The Cumulus Podcast Network will exclusively distribute and monetize Levin's podcasts, which include daily and weekend shows [4][7] Company Overview - Cumulus Media is an audio-first media company that delivers content to over a quarter billion people monthly through 401 owned radio stations and a large network of affiliated stations [7][8] - The company provides a range of programming, including sports, news, talk, and entertainment, and offers advertisers local and national advertising performance guarantees [8]

Westwood Holdings Group, Inc. (NYSE:WHG) Q1 2024 Results Conference Call May 1, 2024 4:30 PM ET Company Participants Jill Meyer - SVP, Director of Fiduciary Services Brian Casey - Chief Executive Officer Terry Forbes - Chief Financial Officer Conference Call Participants Macrae Sykes - GAMCO Operator Good day, and thank you for standing by. Welcome to the First Quarter 2024 Westwood Holdings Group Earnings Conference Call [Operator Instructions]. Please be advised that this conference is being recorded. I w ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ____________________________________________________________________________________________________ FORM 10-Q ____________________________________________________________________________________________________ ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended March 31, 2024 OR ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 193 ...

Firmwide assets under management and advisement totaled $17.2 billion, consisting of AUM of $16.2 billion and AUA of $1.0 billion. First quarter comprehensive income of $2.3 million compared to the fourth quarter's $2.6 million due to higher employee compensation and benefits expense offset by changes in the fair value of contingent consideration. Diluted earnings per share ("EPS") of $0.27 compared to $0.32 for the fourth quarter. Non- ▪ SMidCap, SmallCap Value, MidCap Value, Platinum, Enhanced Balanced, H ...