Broadcasting Stocks

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.

One week ago, Nexstar Media Group shares were moving in reverse, dipping to a price last seen in late July. Then came the release of positive third-quarter earnings results. With Wednesday's close on the Nasdaq GlobalSelect exchange, NXST is up nearly $14 per share since Nov. 4. It erases a six-week slowdown and suggests a $100+ price is just days away.

ViacomCBS appears to be given little credit for their digital transformation assets, notes MoffettNathanson Senior Analyst Michael Nathanson. "While it might feel like cognitive dissonance, we think there are three reasons for this seemingly inconsistent approach," he shares.

Its shares have rebounded to where they were a month ago, following a better than expected Q3 result -- its first with T-Mobile assets. That led Pivotal Research Group Principal and Entertainment/Interactive Subscription Services Analyst Jeffrey Wlodarczak to update his valuation model on Dish. The result? Pivotal is raising its target price for the company's stock.

With the 2020 U.S. presidential election undecided and President Trump likely suing over Wisconsin's preliminary results indicating a win for Joe Biden, U.S. financial markets were largely positive -- overall. For media stocks, there was plenty of up and down activity on Wednesday.

Christian-themed and conservative talk content purveyor Salem Media Group has determined when it will report its third quarter 2020 financial results. The earnings report comes at a tenuous time for its stock, which is struggling to prevent a  return to its COVID-19 era low — a price last seen in July 2009, at the height of the "Great Recession."

The E.W. Scripps Co. on Friday morning will report its Q3 2020 earnings results. What can investors expect? Zacks Equity Research has taken a stab at answering that question. Meanwhile, investors already know that they're getting a little bonus for being a shareholder, thanks to Scripps' board.

U.S. financial markets enjoyed a strong session on Election Day, with the Dow Industrials gaining 554.98 points, to 27,480.03, and the Nasdaq up 202.96 points to 11,160.57. How did media stocks fare? All were up -- except Fox.

In this newly created role, this individual will initially focus on the development and execution of comprehensive brand marketing strategy for all of Sinclair affiliate stations and 21 Regional Sports Networks (RSNs).

Commercial radio stations are reliant on paid advertising, and a healthy economy. With Wall Street worried about a devastating second wave of COVID-19 infections, radio industry issues were battered on Friday. However, with minutes to go in the final trading session of October, two companies stick out, in particular, for their flailing five-year stock performance.

After three sessions marked by steep declines fueled by increasing COVID-19 pandemic concerns, Wall Street gained back some lost ground on Thursday, with the Dow Industrials gaining 139.16 points, to 26,659.11, and Nasdaq up 180.72, to 11,185.59. How did media stocks fare?

“Throughout the challenging events of 2020, TEGNA has remained intensely focused on our core five-pillar strategy,” said President/CEO Dave Lougee. “Our financial discipline and continued operational excellence have enabled us to remain well-positioned to continue delivering long-term value for our shareholders.”

U.S. financial markets were hit hard on Monday, as COVID-19 fears increased globally as worries Washington, D.C. politicians won't act on a needed federal stimulus follow-up to its first COVID-fueled action tanked general indices as well as media stocks. Yet. one audio media company was on the rise in a significant way: Entercom. Why?

Nexstar Media Group's Board of Directors has done it again. They're sticking with a quarterly cash dividend that's quite generous in these COVID-19 times. In fact, the existence of a dividend at all is noteworthy in and of itself.

Nexstar Media Group's stock pattern has been marked by a short dip ahead of a big growth spurt. Given NXST's current activity on Wall Street, is a big burst just days ahead? Nexstar shares are down some $14 from a recent $100 finish, but that, historically, is a good thing.