Broadcasting Stocks

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.

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.

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.

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.

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.

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?

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.

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.

Nielsen shares were up another 5.9% on Tuesday, bringing NLSN to levels not seen since a July 25 tumble. What's fueling a much-needed rebound in Nielsen's stock price, following a Q2 2018 earnings miss, a cut of its profit forecasts, and the announcement that CEO Mitch Barns would retire at the end of the year?

Veritone Inc., the provider of AI technology and solutions gaining the attention of broadcast media C-Suite executives, has again seen its highly volatile stock suffer another steep downturn. Shares fell 22.2% on Tuesday despite a Q2 earnings report indicating higher net revenue and a lower net loss. 

News of the healthy reward for stockholders comes just days after the company's stock reached its year-to-date low. However, Saga Communications' stock rarely suffers from big dips or gains, as we illustrate.

At the Closing Bell, CBS shares were down 2%, to $52.52, on Friday as chatter spread across Manhattan that a good second quarter earnings report from Viacom could fuel efforts by National Amusements Inc. and the Redstone family to bring CBS and Viacom together again.

What a difference a day makes. On Wednesday, the Motley Fool and American City Business Journals were explaining to readers why Entercom stock soared. On Thursday, investors decided to enjoy a bit of a profit and sold some shares -- even as the company announced a pretty decent quarterly dividend.

If you're a shareholder of E.W. Scripps Co. stock, you better hold on to your stock until September 14. You're about to be rewarded with a nice little dividend, courtesy of the company that just unloaded its radio stations in Boise, Idaho and Tucson to Lotus Communications.

Net revenue and operating income each soared for Entercom during Q2. When factoring in discontinued operations, net income also propelled upward. How did investors react? Entercom was up by nearly 21% in mid-morning activity on the NYSE and finished at its highest price in three months.