Media stocks largely benefited from an overall recovery on Wall Street from Wednesday’s trading—the worst session seen this year.
With less butterflies in the stomach over President Trump and future economic policy, the Dow Jones Industrial Average climbed 56.09, to 20,663.02. The Nasdaq Composite was up 43.89, to 6,055.13.
The buzz among media companies? Sirius XM. It seems they’re having chats with struggling Pandora about a takeover once again.
The rumors helped Pandora climb 48 cents to $9.41, while shares in Sirius XM rose by 13 cents, to $4.86.
Cumulus Media saw a nice rebound, closing up 4 cents, to 39 cents.
Shares of iHeartMedia were up 5 cents, to $2.15.
For a full look at today’s performances, please view the Wall Street Report on the homepage of RBR.com.