Broadcasting Stocks

Investors who have stuck by Salem Media Group are in for a treat. The media company saw its board of directors declare a cash dividend for Q1. The decision comes as Salem tries to recover from its worst stock performance in 7 years.

With the Dow Jones Industrial Average falling 133.17 to 25,673.46 and Nasdaq off 70.44 to 7,505.92, most media stocks were in the red on Wednesday. Not Nexstar Media Group. The TV company that seeks to merge with Tribune Media hit another new record high.

Beasley Broadcast Group's board of directors has declared a dividend. The announcement comes as BBGI shares saw an important 5% gain on Tuesday, but are still far below its 1-year target estimate.

Les Mooves is gone. So is former CFO Lawrence Tu. That could make a March 12 appearance by the President and acting CEO of CBS Corp. at the Deutsche Bank 2019 Media, Internet & Telecom Conference far more interesting than in previous years.

Is a leaner Cumulus Media a more profitable one? That's what investors indicate, based on the strength seen on Friday for the company's stock. It hasn't been this high since September.

Two of the most high-profile radio broadcasting companies lost ground on Thursday as companies such as Sinclair Broadcast Group and Gray Television report strong Q4 earnings that have propelled their stock prices skyward. What was the damage for Beasley and Entercom?

With CEO Bill Wilson alone at the captain's wheel, Townsquare Media is propelling forward as an operator of small and mid-sized market radio stations with the right -- and profitable -- mix of outdoor events. Just how profitable the stations and events are for the company will come bright and early on March 12.

Can a cash reward of sorts help Entercom Communications in its quest to energize its sagging stock price? The radio broadcasting company's board of directors on Tuesday approved a sizable cash dividend to shareholders of record as of March 14. Yet, Entercom shares were off 6.9%.

Nexstar Media Group's Q4 report was released Tuesday morning, and the company that seeks to purchase Tribune Broadcasting missed Wall Street EPS predictions but exceed its revenue prognostication. Investors didn't care, sending NXST toward another record high.

The owner of a group of radio stations offering conservative Talk, non-secular spoken word programming, and Christian Pop music under "The Fish" brand will be revealing its Q4 2018 and full-year results in exactly two weeks.

On heavier than usual trading, Entercom shares dipped 4% on Monday, putting them nearly $1 below the company's 1-year target estimate. The fall comes after Entercom's largely upbeat Q4 earnings release on Friday.

The company formerly known as Gannett saw its Board of Directors today declare a dividend payable on April 1, while Nielsen — a company that is strategically reviewing both its struggling Buy and profitable Watch segments — saw its Board on Friday OK a dividend payable March 21.

Are investors concerned that Entercom won't have as good of a fourth quarter as they initially believed? With the company that now owns the former CBS Radio set to release its Q4 and full-year 2018 results Friday morning, Entercom shares were off 4 cents at Thursday's Closing Bell.

With Nexstar getting Tribune and the Apollo Group/Cox Enterprises operation set to get Nexstar's necessary divestments to win regulatory approval, what's up with Sinclair Broadcast Group? For one, its stock year-to-date is on a roll, recovering to levels last seen when its Tribune merger was still on track.

With a 1-year target estimate now well above $100, investors are energized once again about Nexstar Media Group and its potential growth, once its likely acquisition of Tribune Broadcasting is complete and it spins stations -- with Apollo Group/Cox Enterprises' newly formed group taking them.