Broadcasting Stocks

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.

Is no news good news for investors in broadcast media companies? Monday marked a tepid trading day for the nation's radio and TV firms with publicly traded shares. It could have been worse -- look at Netflix.

U.S. financial markets tumbled on Friday, once again extending a rollercoaster ride on Wall Street that sees no signs of ceasing anytime soon. The Dow Jones Industrial Average fell 201.95 points, to 24,462.94, as Nasdaq was off 91.93 points, to 7,146.13. Media stocks were awash in a sea of red, but four companies stand out with gains to end the week. The situation for top TV companies isn't so pretty.

U.S. financial markets finished Thursday's trading on a down note, but that had no impact on the solid performance seen by Nexstar Media Group on Nasdaq. What other companies had a strong day, or a disappointing one? Click here for the details in brief!

Has Townsquare Media turned an important corner for its publicly traded shares? The company crossed an important threshold on Wall Street today for the first time in months, and could point to a long-term comeback for the local media purveyor, which is likely ready to refocus on AMs and FMs in the wake of poor returns from its events and festivals business.

Entercom President/CEO David Field should be smiling about his company's performance today on the NYSE. His company's shares rose 3% on Tuesday, and continued to rise in immediate after-hours trading on Wall Street. This puts Entercom stock above the $10 mark for the first time in a month. Also up today: Beasley Media Group, and The Walt Disney Co.

The week on Wall Street got off to a wonderful start for two of the biggest broadcast TV companies in the U.S. Nexstar saw its shares rise by more than 5%, while Sinclair Broadcast Group stock was up by more than 2%. Also in the green on Monday was Nielsen.