Debt ReductionManagement's ability to negotiate the pre-arranged bankruptcy to preserve the equity, eliminate $1.2B of debt, and reduce annual fixed expenses by $90M is starting to be appreciated by investors.
Revenue GrowthOptimism about a return to revenue growth, supported by an expansion in the advertiser base and a more stable release slate post-strikes.
Share Repurchase ProgramThe company announced a $100M share repurchase program, indicating a strong cash flow position and potential for further acquisitions.