Are Altitude Ills Impacting Sinclair Shares?
On Saturday, a Rocky Mountain sports network went dark on Xfinity and DirecTV systems -- two days after it went dark on DISH Network. A lack of new carriage agreements with the three providers, an unprecedented situation, is the reason. While Sinclair has nothing to do with it, some investors seem rattled.
Less Chance Of Dim Sum: Stocks Jump On Positive Chinese Chat
U.S. financial markets were on the rise Thursday on word that the People's Republic of China noted improved trade negotiations with the Trump Administration were possible, ahead of new talks scheduled for next month. Tech stocks for companies subject to trade tariffs rose.
After-Hours Bump Negates Tough Trading Day For Entravision
With Entravision set to go ex-dividend on Sept.13, bargain-seeking investors may be assuaging whether or not buying EVC shares, traded on the NYSE, is a wise move. Investors seemed to instantly take advantage of a steep sell-off on Wednesday with a big after-hours bump upward.
Does Salem Have ‘The Answer’ To Its Stock Slide?
July 2009 was when Salem Media Group shares last traded below $1.50. Today, everything old is new again for investors in the owner of Christian-themed and conservative talk radio properties. Could Ed Atsinger III's salary have something to do with it?
Scripps Shares Bounce Back To Start Trading Week
U.S. financial markets gained traction on Monday as President Trump noted China wants to restart trade talks with the U.S., and that he was optimistic about a deal that would put an end to an escalating dispute that has spooked stocks. Among the gainers on Monday: Scripps.
Scripps Shares Slide To Year-To-Date Low
Two weeks ago, The E.W. Scripps Co. experienced a huge dip in its stock value, following the release of Q2 earnings results that disappointed investors. A Q2 loss was seen, compared to a Q2 2018 profit. But, that wasn't the first plunge in value for SSP, and Scripps' woes continued on Friday.
Sinclair Shares Plunge in Midday Trading
With the clock approaching Noon on the East Coast, Sinclair Broadcast Group's stock price was in a free-fall. At the Closing Bell a 2.9% dip was seen. It erases a bump in value triggered by an early May announcement that it was buying FOX's regional sports networks.
Beasley Board Approves Quarterly Dividend
Its shares on Thursday morning were $4.72 below its 52-week high. The 24-month trend is rather bleak. That didn’t stop Beasley from declaring a quarterly cash dividend.
Another Fresh Slow For Salem Stock
What's the floor for Salem Media Group? Investors may not be sure, as the media company focused on Christian-themed and conservative talk programming saw its shares dip to a fresh five-year low on Thursday afternoon. SALM is now $2 below its 1-year target estimate.
Retail Is Dead? Tell That To Target
Here's a bit of news that should energize every broadcast media sales executive in America: Target Corp. hit it out of the ballpark in the second quarter, with strong earnings and an improved outlook for the second half of 2019. Investors cheered, sending Target up nearly 21%.
‘Netflix Shares Aren’t Recession-Proof.’ Investors Agree
What if a recession were to engulf the U.S. by the end of 2020? According to Nomura Instinet analysts, companies such as Amazon, Facebook and Alphabet will be just fine. But, that's not what they're saying about Netflix. Investors reacted by selling off NFLX shares.
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.
Financial Markets Finish A Rocky Week With Big TEGNA Talk
U.S. financial markets finished the week on a positive note, as the Dow Jones Industrial Average was up 1.2% on Friday, and the Nasdaq rose by 1.7%. For media companies, activity was mixed. But TEGNA was up big in the final 10 minutes, and Apollo Group is the reason.
More Turmoil At Comscore As Another C-Suiter Departs
Thursday's trading on Wall Street ended with the Dow Jones Industrial Average rebounding by nearly 100 points. However, Nasdaq was off 7.32 points. For media stocks, the bleeding continued yet again for Comscore. Why? It lost another C-Suite executive.
Horrible Hump Day For Media Stocks
Sinclair Broadcast Group and Nexstar weren't the only media companies to experience sharp declines in share value on Wednesday. In fact, only Entravision, iHeartMedia, and Tribune Media saw gains as general indices sailed southward.