Broadcasting Stocks

As RBR+TVBR previously reported, Urban One has not yet released its first quarter 2023 fiscal results. It is now known that the Q1 and Q2 2023 results will likely not arrive from the African American-focused multimedia company for perhaps another six weeks.

For institutional investors such as Daniel Tisch-led Towerview LLC down to the single person who may hold a handful of stocks, the rich dividends will continue for those with shares in the radio industry's single most-successful publicly traded pure-play company.

A woman who was appointed as a member of Nexstar Media Group's Board of Directors in May 2006 and serves as an Operating Partner of a growth equity firm focused on software and technology-enabled companies has pocketed nearly $300,000 before taxes from the sale of Nexstar shares on Tuesday.

It was a relatively quiet Thursday for publicly traded radio and TV broadcast companies on Wall Street, as the Dow Jones Industrial Average improved 14.80, to 20,662.95. Viacom was among the companies that saw gains. SBS saw its woes continue.

Media stocks largely benefited from an overall recovery on Wall Street from Wednesday's trading—the worst session seen this year. With less butterflies in the stomach over President Trump and future economic policy, the Dow Jones Industrial Average climbed 56.09, to 20,663.02. The Nasdaq Composite was up 43.89, to 6,055.13. The buzz among media companies? Sirius XM. It seems they're having chats with struggling Pandora about a takeover once again.

U.S. financial markets moved very little on Wednesday, as the Dow Jones Industrial Average fell 0.01% to 21,478.17. The Nasdaq composite index gained 0.67%, ending the day’s trading session at 6,150.86.

Veritone Media shares soared by nearly 50% on very heavy volume of 1 million shares in Monday's trading. The rebound for the company's stock comes following a Friday report at Barrons.com that notes artificial intelligence — the key focus of Veritone's efforts — is getting a lot smarter.

U.S. financial markets surged on Monday, with the Dow Jones Industrial Average soaring 152.51, to 22,557.60, and the Nasdaq Composite index rising 20.76, to 6,516.72. Among the key gainers was Veritone Inc., rebounding 9.4% after a topsy-turvy end to a fiery September for the AI tech company. Today's catalyst for Veritone's gain on Wall Street is none other than iHeartMedia.

Cumulus Media made an SEC filing Monday that outlined its long-term financial forecast and business plan -- a filing precipitated by separate discussions Cumulus says it has had with "certain noteholders under the indenture governing the 7.75% Senior Notes due 2019." The key words here are "restructuring" — and that has Cumulus stock holders very nervous.

U.S. financial markets finished Wednesday's trading on a positive note, with the Dow Jones Industrial Average climbing 28.09, to 24,774.30, and the Nasdaq composite index inching ahead 3.09, to 6,939.34. Media companies did not fuel the growth. Many saw dips in their stock value, including Salem Media Group.

U.S. financial markets headed in the right direction on Tuesday, as the Dow Jones Industrial Average gained 39.18 points, to 24,640.45. The Nasdaq composite index was up 31.55, to 7,013.51. Media issues were largely up. Townsquare Media saw an important rise, while Sinclair Broadcast Group advanced in a healthy way.

The first quarter of 2018 effectively concluded Thursday, as U.S. financial markets are closed today in observance of Good Friday and the start of Passover. RBR+TVBR reviewed the first quarter performance for several companies' stocks. For Salem Media Group, the picture is clear — Q1 wasn't so hot. 

Artificial intelligence (AI) technology and ad solutions company Veritone Inc. was quite pleased with its Q1 2018 results. “Q1 was a great quarter for Veritone as we experienced an inflection point in our AI platform business,” said Veritone Chairman/CEO Chad Steelberg. Investors seemed to agree.

Here's a bit of news that's a long time coming: shares for the nation's second-largest radio broadcasting company by number of stations improved 3.5% in Monday's trading — to $15. Volume was scant, however, at just 132 shares traded. What other ups and downs were seen on Wall Street? iHeart is down on more bankruptcy-related news.