Broadcasting Stocks

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.

Cumulus shares sunk in late-afternoon trading, to finish the day at $1.05. iHeart and Pandora also had a tough day

U.S. financial markets started the first full week of November on a mixed note, as the Dow Jones Industrial Average climbed 190.87 to 25,461.70, while Nasdaq declined 28.14 to 7,328.85. How did media stocks fare?

Spanish Broadcasting System shares finished the week with a 31.8% slide in Friday's trading. That puts SBSAA shares, traded on the OTC exchange, at its third-lowest price ever. While volume is very low, so is the company's market cap as of September 7.

U.S. financial markets finished Wednesday's trading session on a mixed note, with the Dow Industrials rising 16.02 to 33,426.26 and the Nasdaq dipping 9.54 points to 13,688.84. While companies such as Scripps were in the green, TEGNA was down after a fresh five-year high. Also down: several radio broadcasting companies.

With U.S. financial markets closed in observance of Good Friday, RBR + TVBR reviewed the trading landscape for radio and television broadcast companies and took the pulse of two industries that are equally challenged by digital media but could have very different futures. What are the publicly traded media companies investors should keep an eye on in Q2, for better or for worse? Here's what we determined.

Why did Townsquare Media, with a stock price that is at its highest price in nearly six years, reveal in a SEC filing that one of its board members on Friday -- one who chairs the Compensation Committee -- resigned? The explanation is a simple one.

With the Closing Bell on Wall Street and at Nasdaq headquarters in Times Square on Wednesday, nearly every broadcast media company RBR+TVBR tracks had declined from Tuesday's trading.

At the Closing Bell on Nasdaq, SBGI was down 7.1% to $26.04. Friday could be a big rebound day for the stock. Minutes before the end of Thursday's trading, the 99-day lockout appeared to be over.