U.S. financial markets started the week on a high note, with major indices moving ahead in Monday’s trading. How did radio and television station owners perform?
It wasn’t a good day for Audacy Corp., as the audio content creator and distributor saw its shares dip to $0.2557 as chatter continues about the company’s likely delisting from NYSE, absent a reverse stock split.
At the same time, Salem Media Group shares were down 5% to $1.15, representing a six-cent decrease.
On the way up were iHeartMedia, Gray Television, Nexstar Media Group, The E.W. Scripps Co., and Cumulus Media.
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