Broadcasting Stocks

On July 23, Salem Media Group shares achieved a year-to-date high. Whatever excited investors then disappeared by the time Salem's Q2 2020 results surfaced earlier this month. Since then, SALM has been in a nosedive. Now, with Monday's Closing Bell, Salem has a dubious achievement: Its shares are now valued at just under $1 per share.

U.S. financial markets ended Friday's trading on a positive note. The Dow Industrials gained 190.60 points, to 27,930.33, while the Nasdaq composite index grew by 46.85 points, to 11,311.80. To see how media stocks fared to finish the week, click "read more" now!

U.S. financial markets were on the plus side at the Closing Bell on Thursday. The Dow Industrials were up 46.85 to 27,739.73, while the Nasdaq composite gained 118.49 points to 11,264.95. For a glance at how publicly traded radio and TV companies performed, click "read more" now!

Sinclair Broadcast Group subsidiary Diamond Sports Holdings LLC has redeemed 350,000 of its Preferred Units, using cash dividends from DSH's indirect subsidiary, Diamond Sports Group, LLC.

"Dilute this." That could be what some Urban One shareholders are saying through their decision to sell the company's Class A shares in the wake of a plan to offer some $25 million worth of new shares in the open market. In early after-hours trading on Wednesday, UONE reached a level last seen June 14 -- erasing its entire surge in share value seen in the last eight weeks.

One of the world's best-known technology news portals could soon be shed from the ViacomCBS asset stable. According to The Wall Street Journal, citing unnamed sources, CNET is one non-core asset that it hopes to spin — and Red Ventures LLC appears to be the buyer. Also for sale: its New York City HQ, and Simon & Schuster.

Nasdaq experienced a 110.42-point gain to 11,129.73 on Wednesday, while the Dow Industrials index was down 86.11 to 27,844.91. That set the tone for radio and TV companies with publicly traded stocks, as key industry players went both up and down.

With Thursday's closing bell, the Nasdaq was up while the Dow Industrials were down. The action on Wall Street came as the Labor Department reported new U.S. weekly jobless claims of 963,000 — easily topping analyst expectations. How did radio and TV companies fare?

Wednesday wasn't the best day for media stocks. Entercom and iHeart, along with Nexstar, finished the day on a down note. In contrast, Cumulus Media was up by 10%.

The company that owns 17 broadcast TV stations led by Patrick McCreery will host a conference call for Wall Street analysts and investors to review its fiscal 2020 Q4 and full-year earnings. How did Meredith's stock perform on Tuesday?

With broadcast TV station owner E.W. Scripps Co. releasing its Q2 2020 results on Friday, investors pushed shares upward across Thursday's trading. Strong retrans dollars and anticipated political revenue is expected to bring Scripps, and other TV companies, a formidable recovery across the remainder of the year.

Set your alarm a little earlier than normal and be sure to grab a big cup of coffee. Townsquare Media is once again delivering its quarterly results on a Monday at 8am Eastern. What can investors expect from the "local first" company with local radio, programmatic and local digital capabilities?

What role could the release of Entercom Communications' second quarter financial results, set for August 7, have on its stock valuation? That's a question that Zacks Equity Research sought the answer to. Here's what it has to say.

With shares in the high $5 range, now may be a good time to purchase Sirius XM stock. A key Wall Street analyst just set a new target price of $7.50, and says the satellite radio operator is navigating the economy much better than expected.

Saga Communications will release its second quarter results next week. What can investors expect to hear? It's not certain, as the radio broadcasting company struggles on Wall Street with its stock.