Mixed Day For Media Stocks
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.
CBS Dividend As Shares Sputter Below $50 Threshold
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 Shares Slip Below $50 Mark
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.
Salem’s Latest Wall Street Stumble
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.
Mixed Movement For Media Stocks On Monday
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 Shares Up Again On Dividend News
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.
A Quiet Day For Stocks
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.
Townsquare Prepares For First Financial Fling Post-Prasad
On Tuesday, Townsquare Media will present at another important investor conference in warm South Florida. But, there's something a bit different about this jaunt to the land of palm trees and reggaetón beats: Townsquare will be showing off its merits to money men and women without Dhruv Prasad.
A Red Return From MLK Day For Stocks
U.S. financial markets slumped to start a shortened week, with the Dow Jones Industrial Average declining 301.87, to 24,404.48, and Nasdaq dipping 136.87, to 7,020.36. Media issues were generally caught up in the wave of downward activity.
Does Emmis Stock Tend To Follow The Market?
Do you own shares in Emmis Communications Corp.? If so, one Wall Street observer believes it is worth thinking about how it contributes to the volatility of your portfolio, overall.
Salem Slip Ends Small Rally For Troubled Stock
Salem Media Group shareholders have endured some pain over the last six months. On July 30, SALM was priced at $5.45 per share. By New Year's Eve, they bottomed out at $2.09. Thursday's close saw a move back toward that cheerless closing price on Dec. 31.
Beasley’s Unfortunate Wall Street Flashback
And the hits just keep on comin' ... for Beasley Broadcast Group stockholders, that is. With Wednesday's close, the company that now owns Greater Media's former stations has a stock value last seen 2 1/2 years ago.
Beasley Stock Slumps 7%
It's been an up-and-down first half of January 2019 for Beasley Broadcast Group stock. Actually, make that an up-and-down day for BBGI. Tuesday's trading saw Beasley break the $5 mark -- and then slide in the 3pm hour.
Townsquare’s Upward Momentum Continues
Ever since Townsquare Media revealed that its CEO duties come Feb. 1 will be held solely by one individual — Bill Wilson — the radio station owner's stock has been on a comeback. The company's shares climbed again on Monday.
Is TEGNA A Great Value For Investors?
According to Zacks Equity Research, TEGNA is one company for investors to keep their eye on. Why? Here's what they had to say about the broadcast TV company rumored to be bidding for Cox Media Group's 14 TV stations.