Broadcasting Stocks

For the first time since May 8, Entercom shares closed above the $8 mark. In after-hours trading, the company's shares continued to rise. But, ETM still has quite a ways to go to get to where many on Wall Street thought it would be at this time. It's also dealing with more transition, as KYW's ND/PD is to exit after 40 years at the Philadelphia all-News AM.

U.S. financial markets saw overall improvements on Monday, as the Dow Jones Industrial Average gained 320.11 points, to 24,776.59. Nasdaq jumped ahead by 67.81 points, to 7,756.20. How did media stocks fare?

U.S. financial markets finished the week on an up note, with the Dow Jones Industrial Average and Nasdaq both climbing on Friday. For media stocks, it was more mixed activity: Entravision and Urban One were down, while Beasley and CBS Corp. were up.

U.S. financial markets surged on Thursday, returning from the Independence Day holiday on an up note. The Dow Jones Industrial Average was up 183.48 to 24,358.30. Nasdaq gained 83.75, to 7,586.43. Media stocks were mostly on the upswing.

The Miami-based owner of the Mega TV operation and radio stations targeting Hispanics suffered a steep drop Thursday on Wall Street. SBS shares are now just a penny away from their lowest value, year to date. The dip comes as investors await a preview of what SBS expects to reveal in its Q2 earnings report.

Don't look now, but CBS shares are right back to where they were in late January. Has the current quiet in the ongoing squabble between the company led by Les Moonves and its controlling shareholder, the Redstone family's National Amusements Inc., warmed investors' hearts?

On a Tuesday marked by tepid trading among media issues and general indices in sell mode ahead of the Independence Day holiday, one media company stood out in a highly positive way. Urban One shares soared in midday trading, and at the Closing Bell were at their highest point in nearly two years.

Monday saw declines on Wall Street for a big radio-industry pure play and a company that is now tangled up in a bitter dispute involving one of the biggest Hispanic media companies in the U.S., and a DBS provider who is crying foul over a new retransmission fee agreement.

With the company's Chapter 11 bankruptcy petition winding its way through a Texas federal bankruptcy court and its unsecured creditors getting more time today, iHeartMedia saw its stock dip to its lowest level ever on Wall Street. Forget that one-year target estimate of $10. Can you spare a quarter?

General indices improved on Wednesday, but several key media companies -- including Entercom and Nexstar Media Group -- saw dips in their stock prices. Here's the recap from Wall Street.

U.S. financial markets dipped again, with the Dow Jones Industrial Average diving 165.62 points to 24,117.59. The Nasdaq composite index declined by 116.54, to 7,445.08. While Saga Communications gained 27 cents to $38.25, and Urban One rose 5 cents to $2.25, the majority of media issues were down.

Veritone, known by radio and TV industry C-Suiters as a provider cloud-based AI analytics and cognitive solutions, has closed its underwritten public offering. The stock offering, clearly designed to give Veritone more cash with which to operate, was met with a largely negative reaction from its stockholders.

With Tuesday's Closing Bell on the NasdaqGS exchange, The E.W. Scripps Co. enjoyed a 2% gain. It's another slow and steady improvement from May 3, when SSP shares hit a recent low. And, it comes as Scripps begins to restructure itself as a media company free of any radio stations in its holdings.

Broadcast media stocks were largely swept up in a red tide on Monday as the Dow Jones Industrial Average slid 1.3%, and Nasdaq was down 2%. That's not to say there weren't improvements: Townsquare Media climbed 7.4%, and there's a clear reason why this gain was seen.

U.S. financial markets were divergent on Friday, as the Dow Jones Industrial Average improved 119.19 points, to 24,580.89. However, Nasdaq was down 20.14, to 7692.82. The mixed activity carried over to media issues.