Broadcasting Stocks

The Dow Jones Industrial Average was down 53.22 points, to 25,053.11, while Nasdaq gained 9.71 points, to 7,307.90. How did media stocks fare? The nation's No. 1 radio company by number of stations, iHeartMedia, is on a very strong rebound ahead of its emergence from bankruptcy.

Earnings season is upon us, and two more media companies have announced when they will release their latest quarterly financial reports, and hold their conference calls for Wall Street analysts and shareholders.

The Board of Directors of CBS Corporation has finalized the date for its 2019 Annual Meeting of Stockholders. Will it have a new chief executive by then? And, could rumors regarding a reunification with Viacom be on the agenda?

Wednesday saw soft declines on Wall Street, as the Dow Jones Industrial Average slipped 14.84 points to 25,396.88 and Nasdaq was down 21.31, to 7,380.77. How did media shares fare? We have a quick rundown of the day's activity.

U.S. financial markets enjoyed a positive session on Wall Street, ahead of President Trump's second State of the Union address this evening at the Capitol. At the Closing Bell, the Dow Jones Industrial Average was up 172.15 points to 25,411.52. Nasdaq was up 54.55, to 7402.08. How did media stocks fare?

The company's stock is roughly in the median range of its overall performance seen in the last five years. Yet, Meredith Corp. is whittling down its millions in debt. As such, its Board of Directors believes the company is on the right track toward future growth, and is rewarding its shareholders accordingly.

Nexstar Media Group enjoyed another up day on Wall Street today, as the broadcast TV station owner seeking to merge with Tribune Broadcasting revealed that it seeks to keep its duopoly situation in Indianapolis intact following the acquisition.

If current trends on Wall Street continue, The E.W. Scripps Co. will be sharing its Q4 and full-year 2018 results with its stock on the rise and full momentum ahead for a strong 2019. Since the start of the year, shares are up more than $2.50 -- and at their healthiest point in more than a year.

U.S. financial markets were mixed on Thursday, with the Dow Jones Industrial Average down 6.30 points, to 25,008.56. Nasdaq was up 98.66, to 7,281.74. How did media stocks fare? Beasley was down.

With its shares slipping below the important $50 mark, CBS Corp.'s Board of Directors went ahead and approved a quarterly dividend on the company's stock. At the closing bell on Wall Street, CBS was trading at $49.47 — and has been struggling to get above a price seen just once since February 2016.

CBS Corporation shares in late December dipped to as low as the mid-$43 range -- a rarity for a stock mainly in the $50-$60 range. On Wednesday, a 1.7% decrease put CBS back under the $50 level, and more than $13 below its 1-year target estimate.

Tuesday proved to be another difficult trading day for Salem Media Group. At the closing bell, shares were down a nickel to $2.78 a share. This puts Salem nearly $2 below its 1-year target estimate and ends a small rally from a Christmas Eve low.

Was it a "manic Monday" on Wall Street for media issues? While general indices were down, radio and TV companies saw gains and dips.

Nexstar Media Group stock rose 51 cents to $83.62 on Friday, on word that the broadcast TV station owner, which seeks to merge with Tribune Broadcasting, has raised its quarterly dividend.

U.S. financial markets saw largely tame trading on Thursday, as the Dow Jones Industrial Average climbed by 22.38 points to 24,553.24. Nasdaq was up 47.69, to 7,073.46. Also up: Nexstar Media Group, which is again on track for a new all-time high.