iHeart’s Mystery Buy: In Search Of Court Approval
The U.S. Bankruptcy Court judge overseeing iHeartMedia's Chapter 11 restructuring plan has before it a request from the nation's top owner of radio stations to approve a purchase agreement. What does iHeart want to buy? We don't know.
Cumulus Shares Pass $20 Mark
It's certainly a new day at Cumulus Media: With 90 minutes left in the final trading session of August 2018, Cumulus shares have now climbed beyond $20. As of 2:30pm Eastern Friday, CMLS was trading at $20.06, up 5.5% from Thursday's close.
Beasley Bump, Nexstar Shines On Red Day For Stocks
U.S. financial markets fell on Thursday, with the Dow Jones Industrial Average down 137.65 to 25,986.92 and Nasdaq off 21.32 to 8,088.36. That didn't stop Nexstar from having a great day on Wall Street, while Beasley shares were up 8.7%.
Markets Push Farther Forward
U.S. financial markets moved ahead on Wednesday, as the Dow Jones Industrial Average rose 0.23% to 26,124.37. The Nasdaq composite index gained 0.99%, ending the day’s trading session at 8,109.69.
Markets Post Another Positive Day
U.S. financial markets moved ahead on Tuesday, as the Dow Jones Industrial Average rose 0.06% to 26,064.02. The Nasdaq composite index gained 0.15%, ending the day’s trading session at 8,030.04.
Markets Start The Week Ahead
U.S. financial markets moved ahead on Monday, as the Dow Jones Industrial Average rose 1.01% to 26,049.64. The Nasdaq composite index gained 0.91%, ending the day’s trading session at 8,017.90.
Markets End The Week on a Positive Note
U.S. financial markets moved upward on Friday, as the Dow Jones Industrial Average rose 0.52% to 25,790.35. The Nasdaq composite index gained 0.86%, ending the day’s trading session at 7,945.98.
A Cash Dividend For Beasley Shareholders
While Beasley intends to pay regular quarterly cash dividends for the foreseeable future, all subsequent dividends will be reviewed quarterly and declared by the Board of Directors at its discretion.
Markets Take a Dip to End The Day
U.S. financial markets moved downward on Thursday, as the Dow Jones Industrial Average fell 0.30% to 25,656.98. The Nasdaq composite index lost 0.13%, ending the day’s trading session at 7,878.46.
Low Volume, High Price: Cumulus Stock Gains Again
Its average volume is no more than 7,000 shares. But, its current value is higher than radio industry heavyweights such as Beasley Broadcast Group and Entercom. It's a new era for Cumulus Media, and its stock is approaching $20 a share.
Nexstar Hits $80 Mark On Road To New High
It's happened: Nexstar Media Group hit the $80 mark just before noon on Tuesday. It puts Nexstar on track to hit another new record high.
Nexstar Soars Again To Greater Heights
With another gain on Monday, Nexstar Media Group is on track to return to its all-time high seen on July 12. It's forward momentum for a company with a lofty 1-year target estimate that went ex-dividend on August 9.
Ups And Downs As Media Stocks Enter Weekend
U.S. financial markets ended the week on an upnote as the Dow Jones Industrial Average climbed 110.59 points to 25,669.32. Nasdaq also improved, rising 9.81 points to 7,816.13. How did media stocks fare?
A Sea Of Green For Media Stocks
The Dow Jones Industrial Average improved by 1.6% on Thursday, while Nasdaq was up as well. Publicly traded radio and television companies contributed to the gains, with most enjoying upward momentum.
Veritone Erases A Year’s Worth Of Gains
Disappointing Q2 2018 results from Veritone Inc. pummeled the AI tech company's stock on Tuesday. On Wednesday, the hemorrhaging continued. When all was said and done, the company's share value retreated to levels not seen in a year, wiping out all gains.