Broadcasting Stocks

Artificial intelligence (AI) technology and ad solutions company Veritone Inc. was quite pleased with its Q1 2018 results. “Q1 was a great quarter for Veritone as we experienced an inflection point in our AI platform business,” said Veritone Chairman/CEO Chad Steelberg. Investors seemed to agree.

Namaste ... and have a shot of tequila. It was a painful day on Wall Street for several companies that reported their Q1 earnings results on Tuesday. The biggest declines came from DISH Network, which missed the Street's Q1 revenue estimates, and Entercom. Downward movement was also seen for CBS. Salem was unchanged ahead of its Q1 release, which we review here.

While some companies started Monday's trading session off on a sour note, the overall positive vibes spread over to companies such as Beasley Broadcast Group by midday trading. As a result, the radio industry pure-play stemmed its losses after reporting Q1 results that were out of favor with investors.

Wondering when Emmis Communications would be sharing its fiscal Q4 and full-year 2018 financial results? There's no further need for any head scratching. The company that owns TagStation LLC and the NextRadio and Dial Report tools, in addition to its AMs in FMs, will reveal all on Thursday.

Don't look now, but the yo-yo activity seen in the last several months from AI-powered content recognition specialist Veritone Inc., a growing partner with radio and TV broadcasters, has ceased. Steady growth has been seen in the last month, pushing the company's shares back above the $20 mark.

Thursday's trading session on Wall Street wasn't the prettiest, and the radio companies publicly traded on Nasdaq, the OTC and NYSE didn't have the best of days. Just three AM/FM owners were in positive territory.

With Thursday's Closing Bell on Wall Street, the company seeking to complete its merger with Tribune Media continued to experience trouble with its stock. On heavier-than-normal volume, shares in "SBGI" fell even further toward levels not seen since October 2016.

May 2 marked another trading session on Wall Street full of ups and downs for media companies. Among the companies in the green is an iconic tower owner that has enjoyed stability with its stock for much of the last year.

U.S. financial markets were largely mixed on Tuesday, with Nasdaq rising 64.44 to 7,130.70, as the Dow Jones Industrial Average dipped 64.10 to 24,099.05. The mixed activity extended to media stocks. Among the key decliners: Sinclair Broadcast Group, which has retreated to lows not seen since mid-September.

With Nexstar Media Group's stock price at its lowest level since mid-October, perhaps there is some belief that its shares represent a good value for investors. Count Nexstar's board of directors among those who may agree with this sentiment. It began Tuesday by saying yes to an expansion of the broadcast TV company's share repurchase program.

Investors may be a little nervous as to what awaits for Entravision in Q1. The company's stock dipped again on Monday, and is now trading at levels not seen in 3 1/2 years.

As the financial world highly scrutinized cable TV subscriber losses at Charter Communications during the first quarter, sending the company's stock in a free-fall from the Opening Bell on Friday, Wall Street wasn't exactly kind to several other high-profile TV companies. Radio station owners also got caught up in the fracas.

Salem Media Group, the Camarillo, Calif.-based media company known for its Christian-themed and conservative talk radio stations, will release its Q1 2018 results after the Closing Bell on Wall Street on Tuesday, May 8. It remains to be seen just where Salem's stock will be on that date. With Friday's close, Salem shares are at another five-year low.

Despite a strong recovery for the Dow Jones Industrial Average and Nasdaq, a pair of broadcast TV giants once again struggled to see gains on Wall Street. At the Closing Bell on Thursday, both Nexstar Media Group and Sinclair Broadcast Group were in the red.

U.S. financial markets resumed their rollercoaster ride on Tuesday, with the Dow Jones Industrial Average sliding 424.56 points, to 24,024.13, and the Nasdaq composite index dipping 121.25, to 7,007.35. Broadcast radio and TV companies saw mixed activity. It was the tech sector and two big OTT giants that saw their stocks sink.