Broadcasting Stocks

U.S. financial markets saw a rollercoaster day of activity on Wall Street Thursday, as the Dow Jones Industrial Average climbed 85.54 points, to 21,796.55, and the Nasdaq Composite dipped 40.56, to 6,382.19. Among the key media industry stocks making moves was Sirius XM, which finished the day at a five-year high of $5.83.

It's been a banner September on Wall Street for Newport Beach, Calif., based Veritone Inc., which is bringing radio and TV broadcasters the power of using artificial intelligence to expand advertising opportunities through audio and visual cognition software. On Tuesday things got even bigger, thanks to a partnership with Wazee Digital on media asset management tools.

U.S. financial markets finished Thursday's trading on a mixed note, as the Dow Jones Industrial Average inched ahead 5.44, to 23,163.04, and the Nasdaq Composite index fell 19.15, to 6,605.07. Among the key gainers for broadcast media stocks was the "stub" of iHeartMedia shares, while Entercom Communications suffered a 4.2% decline.

Beasley Broadcasting Group stock fell by five cents, to $11.10, in Tuesday's trading following an announcement late Monday from the company's Board of Directors that it has declared a quarterly cash dividend.

According to The Wall Street Journal, Shari Redstone — vice-chairwoman of both CBS Corp. and Viacom — is seeking to shake up the CBS board and once again consider a reunification of the two entities controlled by Redstone through National Amusements. This, predictably, resulted in a big gain on Wall Street for Viacom's Class B shares and for CBS stock in Thursday's trading.

U.S. financial markets continued their up-and-down motion on Monday with a leap forward, as the Dow Jones Industrial Average accelerated ahead by 336.70 points, to 24,874.76, and the Nasdaq index was up 72.84 points, to 7,330.70. The up and down activity was also seen within the media sector, as Nexstar Media Group and other TV companies were down while Nielsen was up.

U.S. financial markets finished Thursday's trading on a down note, but that had no impact on the solid performance seen by Nexstar Media Group on Nasdaq. What other companies had a strong day, or a disappointing one? Click here for the details in brief!

The close of the market on Friday saw the company’s stock hit an all-time low of $6.57. By contrast, the stock’s all-time high was $14.12 in 2015. Precipitating the slide was Thursday’s news, reported here, that Townsquare is selling NAME (North American Midway Entertainment) back to Danny Huston.

U.S. financial markets surged on Thursday, returning from the Independence Day holiday on an up note. The Dow Jones Industrial Average was up 183.48 to 24,358.30. Nasdaq gained 83.75, to 7,586.43. Media stocks were mostly on the upswing.

At the Closing Bell, CBS shares were down 2%, to $52.52, on Friday as chatter spread across Manhattan that a good second quarter earnings report from Viacom could fuel efforts by National Amusements Inc. and the Redstone family to bring CBS and Viacom together again.

Investor sentiment was largely positive in response to Sirius XM's pre-market opening announcement that it was purchasing Pandora Media one year after making a sizable investment in the streaming audio company. For shareholders, the mood was largely negative: SiriusXM shares slid by more than 10% in Monday's trading on incredibly high volume of more than 111 million shares.

At first, it looked as if Entercom shareholders were satisfied with the company's Q3 earnings. However, that was far from the case. On increasingly heavy volume across Tuesday's trading, shares of ETM swung downward from 10am on, and finally balanced out in the midday hours. When all was said and done, Entercom shares were of 9.99% from Monday's close.

As the 2pm Eastern hour neared on the Friday before Christmas, investors expressed their frustration with a deceleration of economic growth and the spectre of a Federal government shutdown -- something expect to be prevented today by the House of Representatives. Tech stocks, and media stocks, were among the biggest decliners.

Wednesday saw soft declines on Wall Street, as the Dow Jones Industrial Average slipped 14.84 points to 25,396.88 and Nasdaq was down 21.31, to 7,380.77. How did media shares fare? We have a quick rundown of the day's activity.

The first quarter of 2019 ends in two weeks, and that can't come soon enough for Beasley Media Group. The company still trading as Beasley Broadcast Group (BBGI) continued to see weakness in its publicly traded stock on Friday.