Broadcasting Stocks

With Wednesday's Closing Bell on the NYSE, Townsquare Media finished the day with its best closing price in some 2 1/2 years. It puts the local media company in the driver's seat as it prepares to announce when it will release its Q4 and full-year 2019 financial results.

With T-Mobile now on target to complete its merger with Sprint by April 1, putting DISH in the driver's seat on becoming the nation's fourth-largest wireless services company, tower companies are likely to benefit from the rollout of 5G spurred by the companies' moves. As such, American Tower shares lifted by more than 4% on Tuesday.

The broadcast media company, which owns the Cadence 13 podcasting entity and is the parent of the Radio.com streaming app, will host a conference call two weeks from Tuesday to review the results and what it terms "recent progress against its strategic initiatives." Here's what investors expect to hear from President/CEO David Field and CFO Rich Schmaeling.

A January 2020 employment report showing 225,000 new positions created in the month -- greatly besting economic forecasts and flying in the face of widely reported layoffs at such companies as iHeartMedia -- couldn't deter a downswing for general indices on Wall Street. How did radio and TV stocks perform on Friday?

Thursday marked another gloomy trading session for Salem Media Group, which will see company representatives pitching itself to investors later this month at Noble Capital Markets’ Sixteenth Annual Institutional Investor Conference in Hollywood, Fla. SALM is trading at its lowest price since the summer of 2009.

Shares in popular social media app Snapchat's parent company tumbled 14.7% on Wednesday following the release of Q4 2019 results Pivotal Research Group Senior Research Analyst for Internet and Media Michael Levine categorizes as "more of a miss" versus expectations rather than anything fundamentally different about the business.

"The world's largest asset manager" has disclosed to the Securities and Exchange Commission that it has snapped up a sizable percentage of publicly traded stock associated with a media company that recently shed all of its radio properties and canceled the Pickler & Ben syndicated TV program in order to focus on being a station operator.

A pair of radio broadcasting companies that have seen their shares on Wall Street largely underperform in recent months each enjoyed strong trading sessions on Monday. While Entercom Communications enjoyed a strong session, it is Beasley Broadcast Group's late-session surge that deserves close attention.

Nexstar Media Group shareholders who are awaiting a big benefit from holding the TV station owner's stock through its merger with Tribune Media are poised to receive a significant bonus from the Dallas-based company.

On Dec. 18, Entercom Communications shares reached $5.16, its highest closing price since a huge Aug. 6, 2019, slide in value. It appears ETM is suffering from another dip in share price, with Thursday's opening price poised to be its lowest since November 7.

U.S. financial markets were on the rise Tuesday, and radio and TV companies were among the many companies experiencing gains from Monday's closing bell. Cumulus Media stood out among the radio companies for noteworthy rises, with CMLS up 33 cents to $14.48. The same can be said for iHeartMedia, with shares up 31 cents to $18.15.

TEGNA's Q4 performance could greatly determine whether or not the company's publicly traded shares continue their best performance since fall 2015. At the same time, investors are likely eager to get any sort of insight into how Soo Kim and his Standard General fit into TEGNA's future -- if, at all.

U.S. media companies publicly trading on Wall Street were swept up in a large slide of stock prices on Friday. Why? It seems investors were reacting to reports that suggested the Centers for Disease Control would announce a third case of coronavirus in the U.S. It is also keeping an eye on 60 more people who may or may not have the illness, Barrons reports.

In an announcement distributed just after the Jan. 9 Closing Bell on Wall Street, Cumulus Media revealed that EVP/CFO John Abbot will exit the company following the distribution of its Q4 and full-year 2019 results. Since then, the radio broadcasting company's stock has been in a free-fall. There's no word of yet as to who will succeed Abbot.

Hispanic media company Entravision is struggling: Its radio stations are underperformers, its Headway digital arm is exposed to a ravaged Argentine Peso, and its TV stations aren't lighting up the world, either. Investors have reacted on Wall Street, with EVC heading to a fresh five-year low on Thursday.