Wall Street Slump For DISH On FCC Chair’s Sprint Nod
U.S. financial markets slumped to start the trading week as worries over Chinese tech company Huawei clouded investor concern that a combined Sprint and T-Mobile, which FCC Chairman Ajit Pai and Commissioner Brendan Carr voiced approval of, would put a dent in DISH.
May We Forget The Month On Wall Street For comScore?
For comScore, it's been a brutal fourweeks. On March 18, shares were just under $22. Today, SCOR is struggling to get back over the $11 mark. On Friday, a small gain was seen for the company's battered stock.
What Media Company Is Presenting At B. Riley?
The 20th annual B. Riley FBR Institutional Conference is set for Wednesday at the Beverly Hilton Hotel. At 9:30am that morning, a Camarillo, Calif.-based media company will be presenting its assets and touting its benefits to institutional investors in attendance.
What’s Next For Canada’s Corus After Shaw Stake Sale?
Corus shares slipped in Thursday's trading one day after the exchange halted trading amid a steep sell-off in shares for the company that owns 39 radio stations, the Global broadcast TV network, and several cable TV channels. The sharp dip is tied to Shaw's sale of its stake in Corus.
With Shares Near $2, Salem Board OK’s Dividend
Salem Media Group's stock price on April 23 bottomed out. As of 3:15pm Eastern Wednesday, Salem was priced at $2.0263. Share value peaked March 12, but that has not stopped the company's board of directors in giving its approval to a Q2 cash dividend.
Markets See Small Recovery From Monday Meltdown
At Tuesday's Closing Bell on Wall Street, the Dow Jones Industrial Average was up 208.82 points to 25,533.81. Nasdaq was up 1.14%, to 7,734.49. How were media stocks? Click here for more.
Wall Street Sinks On Melancholy Monday
Many media stocks sank along with the general indices on Monday, as rising trade worries between the U.S. and China led investors on Wall Street to engage in a massive sell-off. With 20 minutes remaining in trading, The Dow Jones Industrial Average was down 2.6%.
Beasley Shares Stumble In Mid-PM Trading
Beasley Broadcast Group shares failed to gain ground following the company's release of its Q1 earnings, earlier this week. Now, BBGI is within 10 cents of its April 25 close of $3.52.
Scripps Board OKs Dividend Ahead Of Q1 Results Reveal
Early risers on Friday morning will get their first look at the first quarter results from The E.W. Scripps Co. For investors, the company's financial performance will come with the assurance that they'll benefit from a cash dividend in just a few weeks.
A Sea Of Red On Wall Street
Thanks to a positive, albeit delayed, Q4 and full-year 2018 report, Entravision shares soared on Tuesday. They were the lone media company, aside from Sinclair and SBS, to see gains. Every other company was down sharply, along with general indices.
Sinclair Shares Soar On News Of RSN Pluck
On December 17, SBGI closed at $25.89 as chatter of the company's future following its failed merger with Tribune Media persisted. Now, it has a group of RSNs locked up. ACA Connects may be bitter, but investors are excited -- sending shares up 35% on Monday.
Beasley’s Six-Month Swoon On Wall Street
Six months ago, Beasley Broadcast Group shares were poised to hit the $6.75 mark. Instead, they plunged to a low of $3.25 seen on the day after Christmas. Today, BBGI continues to struggle under the $4 barrier.
DISH’s Pivotal Take: Combine With Rival Or Die
DISH Network's Q1 results met both EPS and revenue estimates, while its loss in net pay-TV subscribers was in line with the Street. Still, Pivotal Research Group's new Entertainment sector analyst is wary about the DBS world, and says a DirecTV tie-up is inevitable.
A Terrible Thursday For Media Stocks
It was a down day for U.S. financial markets, as the Dow Jones Industrial Average fell 122.35 points, to 26,307.79. Nasdaq was off 12.87 points, to 8,036.77. For media stocks, there was a lot of downward movement. That said, Comscore's struggles continued to raise eyebrows on Wall Street.
What’s Dragging Townsquare Media Stock?
One of the nation's biggest owners of radio stations in small and mid-sized markets just can't seem to ignite its stock on Wall Street. Townsquare Media shares were off by more than 5% on Wednesday, a move that only exacerbates lack of movement for the company led by CEO Bill Wilson.