Broadcasting Stocks

U.S. financial markets moved downward on Thursday, as the Dow Jones Industrial Average fell 3.58% to 26,121.28. The Nasdaq composite index lost 3.10%, ending the day’s trading session at 8,738.59.

The last six months haven't been pretty for Cumulus Media shareholders. That's why a gain on Wednesday was a win, as it reversed a steep dip that started at the start of 2020.

What do Bill Wilson of Townsquare Media and Dave Lougee, President/CEO of TEGNA, have in common? Both media leaders will be in Palm Beach, Fla., on Tuesday, March 10. A visit to Mar-a-Lago is unlikely.

In mid-August 2019, Entercom Communications shares slid on word that the audio media company's board of directors had slashed its regular quarterly dividend to 2 cents per share, from 9 cents. It appears Entercom is sticking with giving its stockholders its two cents.

U.S. financial markets soared in a major way on Monday, as coronavirus-fueled losses seen last week brought out the bargain hunters. The result: a 5.1% gain in the Dow Jones Industrial Average, while the S&P500 improved by 4.6% and Nasdaq was up by 4.5%. How did radio and TV businesses fare?

U.S. financial markets took a beating this week, with general indices falling again on Friday. What did the day look like for media stocks? Click here for details.

Discovery Communications, by all accounts, had a solid fourth quarter. It's per-share earnings surpassed the Zacks Consensus Estimate by five cents, while also narrowly beating Zacks' Q4 revenue projection. That couldn't stop investors from selling the MVPD-heavy company's stock.

The board of directors of Cincinnati-based television broadcaster The E.W. Scripps Company has authorized a new share repurchase program. At the same time, it declared a cash dividend for the first quarter of 2020 — two days ahead of Scripps' release of its Q4 and full-year 2019 financial results.

In a move designed to shore up investor confidence -- and take advantage of what the C-Suite likely believes is an undervalued stock -- the CEO of the company that owns 17 television stations in markets such as Phoenix, Nashville and Portland, Ore., has purchased 10,000 shares of his employer's common stock on the open market. The purchase by Tom Harty is valued at $289,000.

From Kobe and his daughter to Harvey Weinstein, there are several reasons to be somber today. Then, there is Wall Street, which saw the Dow Jones Industrial Average slide a whopping 3.6% -- 1,031.61 points -- on fears of the coronavirus, which is now crippling Milan, Italy. Despite the financial fears, three radio broadcasting companies had positive trading sessions to start the week.

The Board of Directors of Nielsen Holdings plc has declared a quarterly cash dividend of Nielsen's common stock. The dividend is payable on March 19, to shareholders of record at the close of business on Thursday, March 5.

On January 27, Entravision Communications shares dipped below the $2 mark. Since then, the Hispanic-focused multimedia company has had difficulty getting its stock moving upward, after years of decline. On Thursday, a 2.7% dip only exacerbated matters for Los Angeles-based Entravision.

The E.W. Scripps Company will report fourth-quarter 2019 operating results on the same day that radio broadcasting company Cumulus Media will do the same.

What's the hottest media stock on Wall Street? Believe it or not, it's Beasley Broadcast Group. Shares are up by $1.17 since Dec. 18, 2019, and are presently at their best prices in 11 months. The rebound for BBGI comes as the company, which is diving into eSports, sees one of its air personalities hosting a Thursday panel in Philadelphia on how to excel at pro gaming as a career.

While Nexstar Media Group shares have dipped a smidgen since then, upward activity over the last seven days -- punctuated by a strong session on a day when shares are going ex-dividend -- shows investors are highly positive over where Nexstar stock is expected to go.