Broadcasting Stocks

The woes on Wall Street continued Thursday for audio media company Beasley Media Group. A new 52-week low was seen, and at 11:30am Eastern shares reached $1.15 -- a price last seen in early February 2009.

With Thursday's announcement that The E.W. Scripps Co. is merging with ION Media, investors responded with tempered celebration. Shares in SSP were up in pre-market trading, but down across the day.  Still, Wall Street observers are hailing the marriage -- including a Kagan senior analyst.

As broadcast TV companies such as Nexstar Media Group have seen their stock values fully recover from the COVID-19 influenced swoon of six months ago, the radio industry has failed to experience the same recovery. For Beasley Media Group, Tuesday's closing price for its stock is far worse than its March 23 dip -- and a low not seen since early 2009.

With Nexstar shares flying high, the company founded and led by Perry Sook is poised to reveal its Q3 2020 earnings results on November 5.

U.S. financial markets sank across Monday's trading session, as discussion focused on a series of questionable financial transactions between U.S. and European banking institutions and renewed concerns over the COVID-19 virus prompted by lockdowns in Dublin and Madrid. Media stocks were swept up in the red tide.

U.S. financial markets ended September 18 on a downbeat note, as the Dow Industrials lost 244.56 points, to 27,657.42 while the Nasdaq was down 116.99 points to 10,793.28. Media stocks were largely down, too, although Entercom and Entravision gained ground.

On Monday, Wall Street started the week strong, with the Dow Industrials rising by 327.69 points, to 27,993.33, and the Nasdaq index up 203.11 to 11,056.65. How did media stocks fare?

The CEO and COO/CFO of the nation's No. 1 radio station owner will be front-and-center on Wednesday afternoon, as they take part in a major investor conference.

U.S. financial markets were on the rise Wednesday as the Dow Industrials improved by 439.58 points to 27,940.47 and the Nasdaq gained 293.87 points, to 11,141.56. Yet, radio companies are still on shaky ground with investors, as several key players were in the red.

With Friday's Closing Bell on Wall Street, BBGI was priced at $1.30. It puts Beasley Broadcast Group shares at their lowest level of the year -- and creates a new COVID-19 low, surpassing the March 23 dip many media companies have experienced.

Wall Street suffered a significant decline in share values on Thursday, as the Dow Industrials tumbled 2.8%, to 28,292.00, as the Nasdaq index fell 5%, to 11,458.10. A 4.6% decline for Amazon and 8% dip for Apple were among the more notable losses. How did broadcast media stocks fare?

Wednesday's trading saw a healthy gain for Cumulus Media, while Salem Media Group's struggles continue. How else did radio and TV broadcasting companies fare on Wall Street? "Read more" for our Wall Street Report stocks-at-a-glance Closing Bell snapshot.

On June 8, Nexstar shares broke the $100 barrier -- signaling a full recovery from its COVID-19 fueled slump in value. A slight dip was seen over the next month, but as long-term trends show for the broadcast media company, it would only fuel a new surge in value. That's happened: NXST is nearing $100 once again.

Urban One shares finished Wednesday's trading at $3.90, continuing a downward slide after a meteoric rise fueled by social justice movement calls for increased ad dollars for Black-targeted media organizations. How did other media companies fare on Wall Street? For a glance, click "read more" now!

With Tuesday's trading signaling another down session, Beasley Broadcast Group shares are at their lowest point since dipping to $1.37 a share on March 23. That session represents the COVID-impacted low for the company. Now, it must fend off falling back to that level — or even lower.