Broadcasting Stocks

U.S. financial markets fell on Thursday, but activity among media companies was mixed. Nexstar Media Group enjoyed a gain, as did Emmis, while Entercom and Entravision each suffered downturns.

Sinclair Broadcast Group shares dipped again on Wednesday, as investors learned of RBR+TVBR's exclusive report that a $65 million sale of KPLR-11 in St. Louis to Meredith Corp. has been derailed by the U.S. Department of Justice. Meredith stock was also down.

U.S. financial markets were largely down on Tuesday, but Sinclair Broadcast Group and Tribune Media each fell following RBR+TVBR's report that the intended $65 million sale of a TV station it is divesting was scrubbed by the U.S. Department of Justice. The intended buyer's stock was also down.

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.