Broadcasting Stocks

Friday, June 1, will be the final day that The E.W. Scripps Co. will see its stock bought and sold on the New York Stock Exchange. Come Monday, June 4, the company's shares will be on a different exchange. For investors, Scripps hopes the shift will be seamless and transparent -- the company's ticker symbol is staying as is.

Every publicly traded company on Wall Street has its ups and downs. On Monday, it was a decisively down day for Emmis Communications. Why? Consider it profit-taking for a stock that's soaring.

With Friday's Closing Bell, CBS shares finished in positive territory after sinking on Thursday in reaction to efforts by National Amusements Inc., led by Shari Redstone, to highly dilute a vote by CBS's Board of Directors to drastically lower NAI's voting power in CBS.

CBS Corp. shares tumbled right at 11:30am Eastern on Thursday, as investors reacted strongly to the decision by Delaware Court of Chancery Judge Andre Bouchard to deny a request for a temporary restraining order against National Amusements Inc.

On April 25, Townsquare Media stock was flirting with the $8 mark — a positive sign for a company that seeks to move forward as a radio-first company under co-CEOs Bill Wilson and Dhruv Prasad. With Thursday's closing price, Townsquare is again flirting with a new five-year low.

U.S. financial markets enjoyed a positive session on Wednesday, and moving upward along with the general indices were two of the radio industry's biggest players: Beasley Broadcast Group and Entercom Communications.

With all eyes on Entercom stock, bargain hunters swooped in to give the radio broadcasting company a much-needed gain on Wall Street. With the Closing Bell on Tuesday, ETM shares were up 6.2% from Monday. A columnist at MarketWatch may be to thank.

It was late January 2013 when Entercom Communications shares last traded in the low-seven-dollar range. With Monday's Closing Bell on Wall Street, Entercom shares have now done a flashback to a time when "Just Give Me A Reason" by Pink was the No. 1 song.

OK, we admit it: We've occasionally confused the names of these two very different media companies. However, they both have something very much in common with Thursday's Closing Bell on Wall Street. Entravision and Entercom are at new lows with their respective stock prices.

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.