Broadcasting Stocks

Since Friday's Opening Bell on Wall Street, iHeartMedia shares were down by more than 20% in value. Why? A diverse array of analysts' estimates and stock target prices could be a reason for the volatility.

Sequential improvements are underway at iHeartMedia. The net loss narrowed year-over-year. But, perhaps the existence of any net loss worries Wall Street. Shares of iHeartMedia stock tumbled significantly in Friday's trading.

Financial markets finished Thursday's trading sessions on a mixed note, as the Nasdaq rose by 102.01 points to 14,762.58 and the Dow Industrials were off by 127.59 points to 34,930.93. How did media stocks fare? 

The financial pros at Zacks Equity Research have taken a magnifying glass to American Tower's potential earnings report for Q2, due Thursday morning prior to Opening Bell. They very much like what they see. In fact, the projections suggest the company will beat Street estimates.

Here's what to expect with respect to when each earnings call and Q2 2021 report release occurs — along with a time change for Gray Television's earnings call and a just-released time and date for Salem Media Group's Q2 '21 call.

As its shares continue to rebound from a COVID-19 pandemic exacerbation of a five-year downtrend, the Board of Directors of Nielsen Holdings plc has declared a quarterly cash dividend of Nielsen's common stock.

Radio and television broadcasting companies that publicly trade on Wall Street were largely down on Tuesday. For a quick glance at today's activity, click here -- and be sure to visit RBR.com's homepage each business day for a live look at prices from Nasdaq, the NYSE, and over-the-counter markets.

Add Cumulus Media to the list of audio content and distribution companies with radio at its roots that has all but recovered from the economic Slip-and-Slide brought forth by the COVID-19 pandemic.

Add Best Buy to the list of big consumer brands that have committed to spending billions of dollars over the next four years with "BIPOC" and minority-owned "diverse" businesses. This pledge, the electronics retailer notes, "includes plans to increase all forms of spending" from nearly every corner of Best Buy — including marketing and how it advertises.

Things have never appeared to be better at iHeartMedia. With momentum fueling the nation's biggest licensee of radio stations, a voluntary prepayment of term loan facilities and a repricing of an incremental term loan have come.

Exactly one year ago, the financial impact of the COVID-19 pandemic led Saga to join the list of audio media companies to put its quarterly cash dividend for shareholders in a cryogenic state. The Saga board has just brought out the EKG machine, breathing new life into a historically robust dividend that will reward SGA shareholders in mid-July.

On heavier-than-average volume, Urban One stock was down sharply in midday trading on Friday -- continuing a plunge that began on Tuesday. Why are shares down, following a sharp rise at the start of June?

On Dec. 23, 2020, iHeartMedia shares finished the day at $11.99. It was a good finish, as IHRT in early July was trading in the mid-$6 range. With Wednesday's Closing Bell on the Nasdaq GlobalSelect market, investors who have had IHRT for the past year will certainly be celebrating. Why? They've more than quadrupled their dollars.

Thanks to exceptional growth in its digital segment, Entravision Communications Corp. stock has enjoyed a six-month surge. Entering Christmas Eve 2020, shares were priced at $2.70. As of midday trading on Tuesday (6/15), EVC is up 104% since then. That has Zacks Equity Research asking if it is time for investors to cash out.

That's how a self-described "a lapsed economist based in Canada" turned financial blogger describes the audio media company formerly known as Entercom.