On a day where Cumulus and iHeart each saw declines on Wall Street, Saga finished at its highest level in nearly three years
Television companies posted strong gains in Wednesday’s trading, but Viacom's woes continued on Wall Street
Viacom shares declined as three analysts downgraded the company on news it will not pursue a reunification with CBS Corp.
Saga was the lone media company to see a gain on Wall Street in Monday's trading. iHeart was down more than 10%.
The Walt Disney Co., which climbed 1.4%, to $104.86, was the lone bright spot for radio and TV companies in a down day on Wall St.
Beasley and Salem are each rewarding investors with quarterly cash dividends to shareholders
Townsquare Media has gotten the green light from its board and its majority shareholders
Key Moves: Sinclair Broadcast Group climbed 3.1%, to $34.55, while Nexstar Broadcast Group shares rose 2.9%, to $65.35
Other big gainers included CBS Corp., which soared 4.1%, to a 52-week high of $63.44
E.W. Scripps Co. and Nexstar were among the gainers as media stocks enjoyed a mixed day on Wall Street
Meanwhile, another analyst upgraded his rating on Pandora, based on the CNBC report that Sirius XM is in renewed merger talks
The RBR Radio Index rose 5.942, or 0.94%, to 640.426. The TVBR Television Index rose 6.310, or 0.67%, to 951.585.
A Hispanic-targeted media company saw its stock soar on the eve of its "Megabash" superstar-filled concert in Newark, N.J.
The offer was scheduled to expire at 11:59 p.m. Eastern on Nov. 30. It has been extended to 11:59 p.m. Eastern on Dec. 7
After a recent rally to $1.41 on Nov. 18, Cumulus shares have again started to swoon toward the dangerous $1 level