Broadcasting Stocks

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.

While the radio industry has been vociferous in its negative reaction to widespread job cuts in the programming and on-air realms at the nation's No. 1 owner of AM and FM stations, Wall Street has sung a different tune. The slicing of employee salary and benefits at a company with $5.75 billion in debt is perhaps a good thing. As such, iHeart stock is at a post-bankruptcy high.

The company missed its earnings per share forecasts by 7.5%. Its radio stations in key markets such as Canada's largest, Toronto, lag those of its competitors. Corus Entertainment has its challenges, and analysts in Canada are now revising their forecasts, Simply Wall Street notes.

U.S. financial markets moved ahead on Friday, as the Dow Jones Industrial Average rose 50.05 to 29,347.69. The Nasdaq composite index gained 31.81, ending the day’s trading session at 9,388.94.

It was early November 2017 when investors last saw such a lofty closing price for Townsquare Media stock. On much higher than normal volume, TSQ enjoyed a banner Wednesday on Wall Street, rising 2.9% to finish at more than $10 per share.

The trends were there. Still, it was possible Nexstar Media Group shares wouldn't follow a dip-and-jump pattern consistently seen since 2015, considering the huge advances seen in the last year. There is no need to fear: NXST is doing what it was expected to do by reaching another all-time high on Tuesday.