Broadcasting Stocks

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.

Meredith Corp., the owner of local broadcast TV stations, has set Friday (8/10) as the day it will distribute its Q2 2018 results. An 8:30am Eastern conference call will offer insight and analysis into the results. Ahead of the release of those results, Meredith shares slipped ever-so slightly.

Here's a happy headline from Wall Street to start out a week full of second quarter 2018 earnings reports: Cumulus Media stock is on its way to the unprecedented price of $20. By contrast, Entercom shares were down to $7.05, while debtor-in-possession iHeartMedia's shares were up 2% — to 52 cents.

A whole new era for Cumulus Media shares commenced this week as the old "CMLS" ticker symbol roared back to life on Nasdaq. On Friday, Cumulus enjoyed a nearly 9% gain. What other companies were up and down to end the week? Click here for the details.

Did word leak out to investors in Beasley Broadcast Group stock on Thursday afternoon that the radio station owner will report positive Q2 2018 earnings results on Friday morning? A bump in its stock price began at 2pm Eastern, allowing Beasley shares to post a much-needed 7.2% gain.

When will Beasley Broadcast Group shares "hit the floor?" Some said that BBGI stock accomplished that already. Unfortunately, another drop was seen for the radio broadcasting company on Wall Street, with Wednesday's trading session closing with Beasley sitting at $6.25 a share.

If you own stock in radio industry pure-play Saga Communications, you might want to take note of a change that's set to begin on Thursday, August 16. Not to worry — you probably won't notice anything out of the ordinary, aside from the exchange your shares will soon be traded on.

On Monday, Salem Media Group enjoyed a healthy stock gain. On Tuesday, it gave back half of that improvement with a 9% drop. Meanwhile, Beasley Broadcast Group shares fell by 5.2%, continuing a steady decline for the radio pure-play that puts BBGI back to levels last seen in December 2016.

What's going on at Salem Media Group? The company's stock took off as fast as a Learjet in midday trading, on heavier than usual trading volume. By day's end, Salem shares were up by nearly 20%.

A detailed article appearing late Friday in The New Yorker that details alleged sexual misconduct by CBS Chairman/CEO Les Moonves continued to wreak havoc on the company's stock. One Wall Street financial house downgraded CBS shares over the matter, while CBS's Board of Directors opted to hire outside counsel for a probe of Moonves, who isn't going anywhere.

It's been a bruising end of July for some publicly traded stocks, notably Facebook and Beasley Broadcast Group. On Friday, streaming audio player Pandora joined the club. Why did the company's shares dip by nearly 7%? Zacks may be behind it.

Cumulus Media's grand return to the NASDAQ Global Market has been finalized. While Cumulus is already using the "CMIA" symbol and a value of $15, there's been no active trading of the company's stock. So, when's the big day for the company that successfully emerged from Chapter 11 bankruptcy protection?

Thanks to a late afternoon rally, Beasley Broadcast Group ended a steep slide of its stock value by managing to recoup 5 cents in Thursday's trading. That lifts BBGI to $7.35 — a value $3.50 lower than where Beasley shares opened last Friday's trading session.