A Healthy Gain For Cumulus As Quarter Closes
Investors seem pleased with Cumulus Media's debt-lowering deals that have seen the sales of a total eight radio stations through the first half of 2019, bringing in $159 million for the company. The end of Q2 sees Cumulus stock moving back toward its year-to-date high.
Sinclair Down On Word Of Media Bureau Inquiry
Sinclair Broadcast Group shares were down 67 cents, to $53.20, on news that the FCC Media Bureau has opened an investigation into whether the company misled the agency in its failed effort to win approval for a $3.9 billion bid to purchase Tribune Media Co.
Entercom’s Wrong-Way Stock Trajectory
On April 30, it appeared as if ETM would soon climb to above $7 a share, continuing a rebound from a sharp downturn that began in late February and concluded in late March. With Q2 set to end Friday, Entercom stock is now struggling to find the $6 mark.
Townsquare Rises On A Red Day For Stocks
Townsquare Media was the lone radio and television issue to gain ground on Tuesday, as the Dow Jones Industrial Average fell 179.32 to 26,548.22 and Nasdaq was off 120.98 to 7,884.72. The day's downward activity was punctuated by a mighty fall for Comscore.
Is Saga’s Current Stock Price A New Normal?
It's a lightly traded issue on Nasdaq. Still, Saga Communications shares are considered to be "near fair value" by analysts, Yahoo! Finance notes. Is that less than stellar news, as SGA continues to struggle with a recovery from a five-year low?
The Bad News Continues On Wall Street For Comscore
It's been nearly three months since CEO Bryan Wiener and President Sarah Hofstetter departed Comscore, leading investors to protest. On Friday, the company's stock hit another new low, and is now worth one-third of what it was just months ago.
Nielsen Struggles To Recover From Eight-Year Low
On January 24, 2011, Nielsen shares were priced at $25. Today, investors would be pleased to see shares reach that value. It's been nearly two months since that's happened.
‘Undervalued SBGI’: Stuck In The Fifties
With Wednesday's Closing Bell on Wall Street, Sinclair Broadcast Group shares entered after-hours trading priced at $52.85.
That's great, compared to where SBGI was prior to May 6, when news of its regional sports network plans became known. But, since that news, Sinclair has been mired in the $50 range.
India Deal Can’t Stop Comscore’s Steep Stock Slide
Thanks to a decision made by India's federal government, Comscore currency will be used to set ad rates for desktop and mobile advertising in India to help create "a fair and stable marketplace." Did this news give investors a reason to put a stop to Comscore's big dip on Wall Street? Nope.
A Leaner Emmis Sees Its Shares Skyrocket
The last week on Nasdaq has certainly been exciting for Emmis Communications. On June 10, the company confirmed that it is saying goodbye to the capital of the Lone Star State. That excited investors, and that enthusiasm hasn't ebbed. But, is that a "YES" vote for a N.Y. move?
Wall Street Ends Week On Down Beat
U.S. financial markets ended the week on a down note, with the Dow Jones Industrial Average falling 17.16 points to 26,089.61. Nasdaq was off 40.47 points, to 7796.66.
Townsquare Shares Are Sliding Again
Townsquare Media is very lightly traded on Wall Street. As such, a small group of shareholders can determine the trajectory of its stock. With Friday's close, it is heading southward, and is near $5. That's only happened twice before -- and both times were within the last six months.
Entercom Rebounds Past $6 Mark
It's been a bouncy 30 days for Entercom shares. However, Thursday's close puts the company back to values last seen on May 28, when a decline in value began to take shape. The catalyst? Entercom goes ex-dividend on Friday.
Beasley Stock Hits A Fresh Five-Year Low
The travails of "BBGI," Beasley Broadcast Group's publicly traded shares on Nasdaq, have been well documented since it started a prolonged decline in value some 11 months ago. With Beasley set to go ex-dividend soon, investors may be asking if the stock can recover to $3.50 anytime soon.
General Markets Dip As Trade Uncertainty Persists
U.S. financial markets dipped on Thursday as the nation's trade ties with China fell into a cloud of uncertainty 12 hours after the biggest protests to hit the streets of Hong Kong in nearly 30 years. How did media stocks fare?