Stocks fall; Dow in triple-digit loss
Stocks ended Tuesday with losses as disappointing earnings. Selling intensified in the afternoon after comments from Philadelphia Fed president Charles Plosser, who said that...
Stocks end lower to halt Dow’s win streak at 10
Stocks retreated Friday, halting the longest advance by the Dow Jones Industrial Average in more than 16 years and containing the S&P 500 just...
Beasley Sets Quarterly Cash Dividend
The dividend is payable on October 7, 2016, to shareholders of record on September 30, 2016.
Emmis Gets Shareholder OK On Privatization Plan
It is formerly known as Emmis Communications and was once a formidable operator of radio stations across the U.S. Now known as Emmis Corporation, the publicly traded company founded by Chairman Jeff Smulyan has shared that it has received "overwhelming support" from shareholders to amend its articles of incorporation, as outlined in its proxy statement.
Dow, S&P set new records in strong week for stocks
The S&P and Dow closed at record levels in a holiday-shortened week, fueled by a jobs report that was far stronger than expected but...
A Red Splatter For Media Stocks
The woes on Wall Street continued on Thursday, as the Nasdaq composite index fell 92.99 points to 7,329.06, following a steep dip on Wednesday fueled by strong losses among tech industry stocks. The Dow Jones Industrial Average shed 2.1% of its value, falling 545.91 points to 25,052.83. How did media issues fare?
More Media Moves On Wall Street
Broadcast media companies saw plenty of up and down movement on Wall Street Tuesday, as the Dow Jones Industrial Average improved 84.07, to 22,641.67, and the Nasdaq composite index gained 15 points, ending the day at 6,531.71. Among the key movers were iHeartMedia, Beasley Broadcast Group, and Veritone Inc., which dipped 6% to continue its highly volatile trading activity.
Stocks rally, lifting S&P 500, Dow to records
Stocks rallied yet again on Thursday, again lifting the S&P 500 and the Dow to new record closes, after a more-than-forecast drop in jobless...
Townsquare Media Shareholders Easily OK Three Directors
Townsquare Media shareholders have overwhelmingly approved the election of three individuals who will serve as members of its Board of Directors. One of the three individuals earning fresh three-year terms is a former Emmis SVP who also oversaw broadcast radio properties for AMFM Inc.
Stocks drop sharply; Dow off 135 points
Stocks closed sharply lower on Thursday, retreating from record highs after data pointed to a slowdown in manufacturing activity in China and investors booked...
Wall Street Awash in Black Ink
The Dow got happy feet Monday on encouraging economic data and other factors, and it was a good day for most broadcast stocks. On...
Salem Shares Surge Again, Likely Thanks to Zacks
The owner of Christian-themed and secular conservative Talk radio stations saw investors snapping up shares of the company's stock across Friday's trading session. Volume was exceptionally high, pushing Salem's shares to a price last seen in mid-July 2018. On Monday, the strong growth for SALM continued on Wall Street.
On Target For A Huge Holiday Season
Among the department stores that have turned to broadcast media to build retail sales is Minneapolis-based Target Corporation. Perhaps a boost in radio and TV spots is on the way, given the company's astoundingly positive Q3 results.
Entercom Shares Slide Again On News Of Dividend Slice
The week that was wasn't so kind for Entercom Communications. With a Q2 2019 earnings per share miss of 11 cents, compared to what Wall Street analysts expected, ETM shares plunged by 36% in value. On Monday, a further 6% slump was seen, in response to a big dividend cut.
Cumulus Shares Dip On Debt Prepayment News
Cumulus Media has sliced away another portion of its once-towering debt. How did investors react? Cumulus declined sharply across Monday morning trading on Nasdaq, with shares off 3.9% by noon. At the Closing Bell, CMLS was off by 4.3%.