Broadcasting Stocks

Broadcast TV companies enjoyed a mid-afternoon rebound on Wall Street Friday, with The E.W. Scripps Co. and Nexstar Media Group each enjoy upward momentum as investors eyed the Closing Bell and the Labor Day weekend.

It was bruising Thursday trading session for publicly traded television companies, and the Mouse House may have them trapped in a downward spiral under the spell of nervous investors. That's because The Walt Disney Co. is reportedly set to cut 300 jobs from ABC, and O&O stations are a part of the downsizing plan.

U.S. financial markets finished mid-week trading on an up-note, as the Dow Jones Industrial Average improved 27.06, to 21,892.43 and the Nasdaq composite index grew by 66.42 points, to 6,368.31. Among the big movers involved in broadcast media was Veritone, which reached a new post-IPO high with a very healthy gain.

U.S. financial markets enjoyed an overall boost on Wall Street today, with the Dow Jones Industrial Average improving 56.97 points, to 21,865.37. The Nasdaq composite index inched ahead 18.87 to 6301.89, as the S&P 500 gained 2.06, to 2446.30. Key movers among companies in the media space include Veritone. The company's stock soared 14% for its best finish since launching its IPO.

U.S. financial markets finished Monday's trading on a tepid note as Wall Street looked toward Houston, and the potential impact of flooding on various publicly traded companies. The Dow Jones Industrial Average inched downward by 5.27 points, to 21,808.40. The Nasdaq composite was up 17.37, to 6283.02, while the S&P 500 was up 1.19 to 2444.24. Key movers among media companies were Townsquare Media and Saga Communications.

U.S. financial markets limped into the weekend in Friday's trading, with the Dow Jones Industrial Average climbing 30.27, to 21,813.67, and the Nasdaq composite index shedding 5.68 points to 6,265.64. For media stocks, the "stub" of iHeartMedia saw a significant drop

U.S. financial markets fell slightly on Thursday, as the Dow Jones Industrial Average lost 28.69, to 21,783.40, and the Nasdaq Composite fell 7.08, to 6,271.33. But, media stocks were largely in positive territory. Among the key gainers were Beasley Broadcast Group.

U.S. financial markets slid deep into negative territory on Wednesday, with the Dow Jones Industrial Average and Nasdaq both down. Among the media stocks sliding downward are Beasley Broadcast Group, Emmis, and Sinclair Broadcast Group.

U.S. financial markets soared on Tuesday, as the Dow Jones Industrial Average gained 196.14, to 21,899.89, and the Nasdaq composite index surged 84.35, to 6,297.48. Yet, iHeartMedia's "stub" of publicly traded shares sailed southward in a major manner.

Veritone Media shares soared by nearly 50% on very heavy volume of 1 million shares in Monday's trading. The rebound for the company's stock comes following a Friday report at Barrons.com that notes artificial intelligence — the key focus of Veritone's efforts — is getting a lot smarter.

U.S. financial markets ended the week on a down note Friday, as the Dow Jones Industrial Average dipped 76.35, to 21,674.38, while the Nasdaq Composite index slipped 5.39, to 6,216.53, after being in positive territory for much of the day. Among the key movers among media companies were Salem Media Group and Veritone Media, which fell to a new post-IPO low.

U.S. financial markets dropped sharply on Thursday as nervous investors reacted to a terror attack in the heart of Barcelona, Spain, that claimed the lives of 13 and injured 50. At the Closing Bell on Wall Street, the Dow Jones Industrial Average was down 199.34, to 21,825.53. Nasdaq was off 100.51, to 6,244.71, for a sharp 1.6% decline. Among the media companies falling on Thursday are iHeartMedia.

There were rises. There were dips. In all, it was just another Wednesday on Wall Street as financial markets saw small rises to close out the mid-week session. Among the key climbers for media companies was Sinclair Broadcast Group.

While TEGNA rose 1%, to $13.12, and both SNAP and Pandora saw rebounds after recent losses, most media stocks ended the day in the red. The losses were punctuated by Sinclair, which continues to suffer from negative press and fears that Washington, D.C. will throw a monkey wrench into the media company's announced merger with Tribune Media.

Word that three leading Democrats on the House Energy & Commerce Committee have accused FCC Chairman Ajit Pai of favoritism toward Sinclair Broadcast Group reached Wall Street on Monday afternoon. That news didn't sit well with investors, as the company's stock slid 3.8%.