Broadcasting Stocks

The Dow 30 finished the day at 28,606.31, up 112.11 points, while Nasdaq declined by 42.31 points, to 11,671.56. How did radio and TV companies fare? Click here for a glimpse.

Talk about making some "headway" in becoming a digital advertising leader across the pan-Latin marketplace. Entravision has grabbed a majority stake in a digital advertising company serving over 2,000 brands and agencies each month across the U.S. and Latin America.

The Walt Disney Company is moving forward with a major strategic reorganization of its media and entertainment businesses. Wall Street analyst Michael Nathanson's attention was immediately grabbed, and he has some thoughts on what it means to advertisers, consumers and media company investors. "Disney will essentially now have two revenue centers," he says.

It was a big day for companies such as Apple and Amazon, as general indices propelled forward on a postal and U.S. government holiday. How did media shares fare? Mixed activity was seen.

U.S. financial markets enjoyed another strong day on Wall Street. The Dow Industrials improved by 122.05 points to 28,425.51. Nasdaq was up 56.38 points to 11,420.98. How did media stocks perform? Quite well, overall.

The Dow Industrials were up by 530.70 points to 28,303.46 and the Nasdaq composite index gained 210 points to finish Wednesday's trading at 11,364.60. How did media stocks fare? Nexstar was up noticeably, while Entercom and Beasley were gainers among radio industry stocks.

ViacomCBS, the National Amusements, Inc.-controlled media entity led by Bob Bakish, will release its third quarter results on the first Friday in November.

Get ready for another financially focused soliloquy from Ed Christian. He'll be leading Saga Communications' third quarter earnings call on the first Wednesday in November.

U.S. financial markets finished the week on a down note, as investors sought to digest the news that President Trump and the First Lady have each tested positive for the COVID-19 virus. How did media stocks fare? Click "read more" for a glance at Friday's final prices.

According to the Atlanta-based company, it earned $208 million in gross proceeds -- slightly lower than what the audio media operation that owns AM and FM stations and the Westwood One national radio business will earn once further closings are completed.

On July 23, Salem Media Group shares shot up to $2.34 per share -- the highest level seen for the conservative radio and publishing company's stock since June of last year. Unfortunately, SALM has receded in value ever since, and today is right back where it was in mid-July.

Tuesday saw gains from Urban One, Salem Media Group and Saga Communications -- all of which have seen considerable struggles of late on Wall Street. Dipping were Townsquare Media Group and Nexstar Media Group, among others.

What does Smart Money think about TEGNA? That's a question posed by Wall Street blog Insider Monkey, and it specifically looks at hedge funds to determine its answer. What's the conclusion?

With 30 minutes remaining in Monday's trading on Wall Street, Cumulus Media shares suddenly jumped past the $5 mark after ho-hum trading across the day, which is the Yom Kippur Jewish Day of Atonement. As such, the media company has ended a short period of sub-$5 trading activity.

The situation on Wall Street for the company led by Ed Christian and Sam Bush is far from bright, with respect to Saga shares. They're down by more than $6 a share since the start of August, and since mid-August have largely been below the COVID-19 fueled dip seen at the start of the pandemic.