Broadcasting Stocks

The day's biggest percentage gainer, by far, was iHeartMedia. Meanwhile, Cumulus Media saw a much-needed climb, with a 17.2% jump in share value.

Among the key media stocks making moves -- and capturing headlines -- on Monday is Tribune Media Co. The Chicago-based entity saw its shares soar on word that 21st Century Fox is teaming up with New York-based giant investment house Blackstone Group to put in a bid for Tribune. That could put Sinclair out of the mix. Meanwhile, DISH shares slumped after seeing a subscriber dip and net revenue miss in Q1.

U.S. financial markets started the week with indecisiveness, as the Dow Jones Industrial Average fell 36.30, to 21, 235.67. The Nasdaq Composite index was off 32.45, to 6,175.46. Several media stocks had strong performances on Wall Street, but the big news, concerns streaming audio company Pandora: Its shares were off 7.6% at the Closing Bell.

It was a difficult day on Wall Street for both Pandora Media and Discovery Communications, as both companies released second-quarter earnings that will likely see displeasure from many shareholders. Also on Wall Street today, Urban One was down, as was TEGNA.

With a declaration that he's not concerned about ratings for 2017-18 National Football League telecasts, CBS Corp. Chairman/CEO Les Moonves doubled down on his company's sports delivery mission by saying his network will focus on news and scores and not on analyst discussion and debate with the launch of a sports-focused OTT service. Investors yawned, and sold off their CBS shares.

U.S. financial markets dipped on Monday, as the Dow Jones Industrial Average lost 54.67 points to 23,276.96, and the Nasdaq composite index was off 42.23, to 6,586.83. Media stocks were largely down, with Viacom's Class B shares dipping 1.5%.

On Sept. 4, Nexstar Media Group shares sat at $57.80, with some wondering if the broadcast TV's shares were somewhat undervalued. The dip in value erased improvements seen since a similar dip in mid-June, and in mid-May. Today, Nexstar shares are on fire. With Wednesday's Closing Bell on Wall Street, they're ever-closer to reaching a new five-year high.

U.S. financial markets moved ahead on Monday, as the Dow Jones Industrial Average rose 0.55% to 26,214.60. The Nasdaq composite index gained 0.98%, ending the day’s trading session at 7,408.03.

Media stocks were mostly in the red in Wednesday's trading. Among the companies seeing dips on Wall Street were Saga Communications and CBS Corp. On the upswing was Veritone Inc., thanks in part to new agreements with four big radio groups.

Is no news good news for investors in broadcast media companies? Monday marked a tepid trading day for the nation's radio and TV firms with publicly traded shares. It could have been worse -- look at Netflix.

U.S. financial markets moved ahead on Wednesday, as the Dow Jones Industrial Average rose 1.26% to 24,667.78. The Nasdaq composite index gained 0.89%, ending the day’s trading session at 7,462.45.

U.S. financial markets saw overall improvements on Monday, as the Dow Jones Industrial Average gained 320.11 points, to 24,776.59. Nasdaq jumped ahead by 67.81 points, to 7,756.20. How did media stocks fare?

Veritone Inc., the provider of AI technology and solutions gaining the attention of broadcast media C-Suite executives, has again seen its highly volatile stock suffer another steep downturn. Shares fell 22.2% on Tuesday despite a Q2 earnings report indicating higher net revenue and a lower net loss. 

The post-Les Moonves era at CBS Corporation entered another new chapter on Wednesday, as Dick Parsons — the former head of Time Warner — has been named Interim Chairman of the company's Board of Directors.