CBS, Viacom Sink To Five-Year Wall Street Lows
While Toronto's TSX was closed Monday in observance of Canadian Thanksgiving Day, New York's financial markets were open on Columbus Day in the U.S. Perhaps they should have closed. Small losses were seen overall, but the declines for CBS and Viacom are disconcerting.
General Indices Up On Wall Street
U.S. financial markets climbed again on Thursday, as the Dow Jones Industrial Average rose 136.91 to 26,482.92. The Nasdaq composite index gained 43.67, ending the day’s trading session at 7,947.42. Among the key media companies making advancements today are The E.W. Scripps Co.
Markets End The Day Up
U.S. financial markets moved ahead on Wednesday, as the Dow Jones Industrial Average rose 181.97 to 26,364.01. The Nasdaq composite index gained 79.96, ending the day’s trading session at 7,903.74.
Media Stocks Sink Southward With General Indices
Escalating trade issues, and now an NBA squabble, between the U.S. and China led investors to sell off their shares on Wall Street -- and, perhaps, the Jewish Day of Atonement. The Dow Industrials were down 1.2%, while the Nasdaq index was off 1.6%.
Nielsen Struggles To Overcome Five-Year Low
On August 19, Nielsen shares nearly slid to $20 apiece. Today, they are trading in the low-$21 range. That's a big difference from where Nielsen stock stood some three years ago.
Positive Payroll Report Leads To Wall Street Rebound
The extreme gyrations of U.S. stock market indices continued on Friday, as a good jobs report from the White House led investors to buy. This sent the Dow Jones Industrial Average up 1.4%, while the Nasdaq was up 1.4% as well.
Wall St. Weak: ETM Hits A Fresh 10-Year Low
U.S. financial markets were rebounding from Wednesday's steep drop in midday trading on Wednesday. But, Entercom Communications shares weren't heading upward with general indices. Rather, a sizable decline in value was seen within the first hour, resuming right before the Closing Bell.
Radio’s Biggest Owners Defy Big Wall Street Dip
U.S. financial markets declined on Wednesday as investors expressed concern about U.S. growth forecasts not being as strong as they'd hoped for. The Dow Jones Industrial Average was off 2%, while Nasdaq was off by 1.6%. However, it was not all gloom and doom for radio stocks.
Charter Closes $1.35 Billion Senior Unsecured Notes
Spectrum parent Charter Communications said following Tuesday's Closing Bell on Wall Street that its subsidiaries, CCO Holdings LLC and CCO Holdings Capital Corp., have closed on $1.35 billion in aggregate principal amount of senior unsecured notes due 2030.
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.
Shaky Gray: Another Undulation Following Ex-Dividend Bump
With Q3 set to end on Monday, or for many companies now, given the Rosh Hashana holiday on Sept. 30, investors in Gray Television may be wondering if the broadcast TV company can regain the momentum it enjoyed in Q2.
BBGI: A ‘Bad Investment’ With A Big Year-To-Year Dip
Of all of the broadcast media stocks that "Simply Wall St.", a respected investor blog, has examined, none perhaps fares as poorly as BBGI. It pulls no punches in calling ownership of Beasley Broadcast Group shares "a bad investment," given a hefty 52-week downtrend in value.
Small Gains Add Up For Townsquare On Wall Street
September has been a strong month for Townsquare Media shares on Wall Street. With today's close, it is again over $7, keeping TSQ at or close to its year-to-date high.
Netflix Shares Slide On Piercing Pivotal Adjustment
At one point, Netflix shares were forecast to be more than $500 per share. Now, a still-impressive $350 target price for the end of 2020 is being predicted by one big Wall Street watchman. Investors were less than thrilled, sending the OTT giant's stock down by more than 4% in afternoon trading.
Radio’s Top Owner Sees Late-Session Stock Dip
Could the Third Circuit Court of Appeals' decision to nix cross-ownership rules designed to help broadcast media and newspaper companies be a harbinger of tough times ahead for some companies? Investors may already be concerned, with iHeartMedia shares down 5.5% on Monday.