Broadcasting Stocks

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.

The Dow 30 finished the day at 28,606.31, up 112.11 points, while Nasdaq declined by 42.31 points, to 11,671.56. How did radio and TV companies fare? Click here for a glimpse.

Talk about making some "headway" in becoming a digital advertising leader across the pan-Latin marketplace. Entravision has grabbed a majority stake in a digital advertising company serving over 2,000 brands and agencies each month across the U.S. and Latin America.

The Walt Disney Company is moving forward with a major strategic reorganization of its media and entertainment businesses. Wall Street analyst Michael Nathanson's attention was immediately grabbed, and he has some thoughts on what it means to advertisers, consumers and media company investors. "Disney will essentially now have two revenue centers," he says.

It was a big day for companies such as Apple and Amazon, as general indices propelled forward on a postal and U.S. government holiday. How did media shares fare? Mixed activity was seen.

U.S. financial markets enjoyed another strong day on Wall Street. The Dow Industrials improved by 122.05 points to 28,425.51. Nasdaq was up 56.38 points to 11,420.98. How did media stocks perform? Quite well, overall.

The Dow Industrials were up by 530.70 points to 28,303.46 and the Nasdaq composite index gained 210 points to finish Wednesday's trading at 11,364.60. How did media stocks fare? Nexstar was up noticeably, while Entercom and Beasley were gainers among radio industry stocks.

ViacomCBS, the National Amusements, Inc.-controlled media entity led by Bob Bakish, will release its third quarter results on the first Friday in November.

Get ready for another financially focused soliloquy from Ed Christian. He'll be leading Saga Communications' third quarter earnings call on the first Wednesday in November.

U.S. financial markets finished the week on a down note, as investors sought to digest the news that President Trump and the First Lady have each tested positive for the COVID-19 virus. How did media stocks fare? Click "read more" for a glance at Friday's final prices.

According to the Atlanta-based company, it earned $208 million in gross proceeds -- slightly lower than what the audio media operation that owns AM and FM stations and the Westwood One national radio business will earn once further closings are completed.