Business
Light Media Network Moving To Higher Ground
Light Media Network Moving To Higher Ground.
About this update from Veri Medtech Holdings Inc.
[{"type":"text","content":"July 15, 2020 - New York/Atlanta - (MENAFN - GetNews) Light Media Holdings is taking Inspirational Media Content to A New Level; Expands Revenue-Generating Growth Opportunity From Inspirational Media Market Light Media Holdings is an interesting company. They are also only the 2nd publicly-traded inspirational media company (with the other being Salem Media) on the market. Most important, though, this emerging conglomerate is well-positioned to capitalize on growth in a market it knows well: inspirational multimedia.Since 1997, Light Media has successfully produced and distributed original content in inspirational multimedia - an estimated $9 billion market. The company's long-running reputation as a provider of high quality, targeted media across diversified channels has earned Light Media the honor of being named the 20th radio/media conglomerate member of the prestigious RBR Media Conglomerate Index. Moreover, the NYU School of Business ranked Light Media as one of the Top 1000 media companies in the world.Trading as a nano-cap stock on the OTC markets, shares of Light Media are catching the attention of investors interested in ownership in minority owned-companies, a topic discussed in Barron's online publication. Shares in Urban One (NasdaqCM: UONE ), a minority-oriented multimedia company, increased roughly 1079% since June to $15.57. Similarly, shares in American Shared Hospital Services (NYSE: AMS ) and RLJ Holdings (NYSE: RLJ ) have seen their share prices and volume increase substantially since the start of June. (share price percentage changes as of 7/10/20 closing market prices)For its part, shares in Light Media are higher by roughly 392% since the start of June 2020 on substantially higher daily volume. (as of closing price on 7/10/20) Market Opportunities In The Inspirational Multimedia Sector Near-term, Light Media is focused on the untapped market opportunity in the inspirational multimedia space. This fragmented sector opportunity is ripe for consolidation: the U.S. Census Bureau estimates that more than 69,000 church locations need streaming media and online marketing solutions to reach their communities. Adding to this inherent need for inspirational media that uplifts, enlightens, and inspires is the ongoing COVID-19 pandemic, which has forced many communities of faith to shift to internet-only operatio...