Markets Post Mixed Numbers
U.S. financial markets were mixed to end the day on Monday, as the Dow Jones Industrial Average fell 0.23% to 25,857.07. The Nasdaq composite index gained 0.27%, ending the day’s trading session at 7,924.16.
SBS’s Struggling Stock Value
Spanish Broadcasting System shares finished the week with a 31.8% slide in Friday's trading. That puts SBSAA shares, traded on the OTC exchange, at its third-lowest price ever. While volume is very low, so is the company's market cap as of September 7.
CBS Stock Climb Continues As World Awaits Moonves Move
CBS Corp. shares were up again on Wall Street Friday as investors reacted positively to reports disseminated Thursday that the company's Board of Directors is pitching an exit package to embattled CEO Les Moonves.
Salem Declares Quarterly Cash Distribution
The California-based multimedia company specializing in Christian and conservative content will be rewarding stockholders with a dividend payment. It will be paid on September 28 to all Class A and Class B common stockholders of record as of September 17.
Townsquare’s Wall Street Comeback
Don't look now, but one of the best performing media stocks in the last 60 days is that of Townsquare Media. The company's shares have improved substantially, and are at their highest level since mid-October 2017.
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.