Broadcasting Stocks

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 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.

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.

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.

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?

Well before Tuesday's Opening Bell on Wall Street, TEGNA announced that it has reached a deal with the Wolfe family to purchase the two TV stations it operates under its Dispatch Broadcast Group for more than a half-billion dollars. Investors soured on the news, selling TGNA shares on substantially high volume.

A C-Suite shakeup resulted in the Feb. 28 departure of CEO Bryan Wiener, just hours after final approval of a Q&A appearing in RBR+TVBR's Spring 2019 print edition, and President Sarah Hofstetter. Since then, comScore shares have been in a free-fall. The bleeding continues.

U.S. financial indices gained ground in Thursday's trading on Wall Street, with the Dow Jones Industrial Average up 181.09 points to 25,720.66. Nasdaq was up 40.08 to 7,615.55. How did media stocks fare?

In the year since its emergence from bankruptcy, Cumulus Media has done much to reduce its outstanding debt. On Wednesday, the company headed by CEO Mary Berner took a giant step in further reducing that outstanding balance.

It's been eight weeks since Comscore CEO Bryan Wiener and President Sarah Hofstetter exited, resulting in a severe destabilization of the company's stock. The last 30 days have hardly been better: A steady decline started May 9 and has yet to stop.

At 1pm, Entercom shares were down to $5.62, their lowest point since April 3, when ETM began a month-long rally. Those gains have been wiped out. Can a newly announced quarterly dividend provide a spark to a stock that's been sputtering of late on Wall Street?

While Saga shareholders may not be wholly pleased with where the company's shares are today, they will most certainly enjoy the benefit of a healthy quarterly cash dividend to be paid in a matter of weeks. 

Beasley Broadcast Group shares have not been this low since January 2012. That's not stopping the radio station owner's board of directors from declaring a quarterly cash dividend for its stockholders.

Several proposals were submitted to Urban One stockholders at the 2019 Annual Meeting of Stockholders, held on May 21. The company disclosed what the results were in an SEC filing on Tuesday, and we've got the details for you here.

It was mid-July 2018 when Nielsen shares were last above $30 a share. Its 1-year target estimate is just under $28, but attempts at reaching this price have consistently fallen short since fall 2018. Now, NLSN opens Tuesday with share prices at a fresh year-to-date low.