Another Distressing Wall Street Slide For Comscore
The losses on Nasdaq just can't stop for audience measurement company Comscore. On July 1, SCOR had fallen to $5.38. With Tuesday's close, Comscore stock is now $4.30 -- even as a broadcast TV company inks an exclusive ratings agreement in the three DMAs it operates in.
Wall Street Recovery Includes Cumulus, CBS
U.S. financial markets saw a strong rebound from last week's steep sell-off, as the Dow Jones Industrial Average improved by nearly 1% and Nasdaq saw a 1.4% improvement. What about media stocks? Cumulus Media and CBS Corp., among other companies, were up.
Markets Turn Positive To Start The Week
U.S. financial markets moved ahead on Monday, as the Dow Jones Industrial Average rose 96.58 to 26,916.83. The Nasdaq composite index gained 59.71, ending the day’s trading session at 7,999.34.
Gray Board OK’s Big Stock Repurchase Plan
Gray Television investors on Thursday demonstrated their approval of a decision by the broadcast TV company's Board of Directors to allow Gray to repurchase up to $150 million of outstanding common stock and/or Class A common stock through the last day of 2022.
Will Nexstar Finish 2019 With a New Record High?
On April 23, a $117.65 close marked a new high on Wall Street for shares of Nexstar Media Group. Over the next several months, the broadcast TV company's stock price would recede before gaining steam once again, repeating a pattern seen across the years for NXST. If midday trading on Thursday is any indication of what's to come for Nexstar, a fresh all-time high for the stock is inevitable.
The Wall Street Rebound Continues For Townsquare
With Wednesday's Closing Bell on the NYSE, Townsquare Media finished the day with its best closing price in some 2 1/2 years. It puts the local media company in the driver's seat as it prepares to announce when it will release its Q4 and full-year 2019 financial results.
Another Hard Fall For ETM
With the company mired in negative news stories ranging from the untimely exit of the KROQ-FM in Los Angeles morning show to COVID-19 fueled job reductions across its entire operations, the last 30 days haven't been kind to Entercom. Investors aren't making things any easier.
Mixed Trading As Memorial Day Approaches
Media stocks were largely on the rise through mid-afternoon on Friday, including Townsquare Media, Sinclair Broadcast Group, Nexstar Media Group, and Cumulus Media. On the other hand, Entercom gave back a third of Thursday's gains. For live in-session trading and Friday's closing prices after 4:10pm Eastern, be sure to visit the Wall Street Report on the RBR.com homepage!
What’s Fueling Salem’s Up-and-Down Stock Acceleration?
On Friday, Salem shares suddenly rose, and the growth continued through Monday's Closing Bell. It brought SALM to its highest closing price -- $2.13 -- since June of last year. On Tuesday, the magic faded for Salem. Similarly, iHeartMedia shares were down sharply on Tuesday. But, there are key differences between why each of the companies saw share declines.
Beasley Shares Hit a Fresh 10-Year Low
As broadcast TV companies such as Nexstar Media Group have seen their stock values fully recover from the COVID-19 influenced swoon of six months ago, the radio industry has failed to experience the same recovery. For Beasley Media Group, Tuesday's closing price for its stock is far worse than its March 23 dip -- and a low not seen since early 2009.
Mixed Messages On Wall Street for Veterans Day
U.S. financial markets finished Wednesday, Nov. 11, on a mixed note, with the Dow Industrials dropping 23.29 points to 29,397.63, while the Nasdaq rose 232.58 points, to 11,786.43. How did media stocks fare? The Wall Street Report offers a quick glance.
Beasley Prices Upsized Notes Offering
Beasley expects to use the net proceeds of this offering to repay in full existing indebtedness under the company’s senior secured credit facilities and certain other indebtedness, with remaining proceeds to be added to the Issuer’s balance sheet and used for general corporate purposes.
TEGNA Shares Hit A Five-Year High
Standard General and its leader, Soohyung Kim, may be intent on grabbing greater influence in the broadcast TV company it has invested in. But, its latest attempt to woo over shareholders may fall on deaf ears. Why? TEGNA stock finished upward again on Tuesday, bringing it to its highest point in five years.
‘A Multi-Platform Leader In Audio, Contending With Debt’
That's how a self-described "a lapsed economist based in Canada" turned financial blogger describes the audio media company formerly known as Entercom.
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.