Broadcasting Stocks

If one is looking for any long-term stock market trends, forget it. The rollercoaster-like activity on Wall Street continued again on Friday, as the Dow Jones Industrial Average fell 122.91, to 24,360.14. Nasdaq was down 33.60, to 7,106.65. Among the top performers were Viacom and Entercom.

It's been a tough 30 days for Entravision Communications. One week ago the company was making job cuts at its radio and TV stations. It's been a month since EVC shares closed above $5.05 a share. Now, it appears that a newly announced partnership between ad fraud protection and data intelligence firm Pixalate and an Entravision digital subsidiary did little to energize investors.

U.S. financial markets moved upward on Thursday to continue its topsy-turvy activity, as the Dow Jones Industrial Average rebounded 293.53 to 24,482.98. The Nasdaq composite index surged ahead by 71.22 points, ending the day’s trading session at 7,140.25.

U.S. financial markets moved downward on Wednesday, as the Dow Jones Industrial Average fell 218.55 to 24,189.45. The Nasdaq composite index lost 25.27, ending the day’s trading session at 7,069.03.

U.S. financial markets moved ahead on Tuesday, as the Dow Jones Industrial Average rose 428.90 to 24,408.00. The Nasdaq composite index gained 143.96, ending the day’s trading session at 7,094.30.

U.S. financial markets moved ahead on Monday, as the Dow Jones Industrial Average rose 46.34 to 23,979.10. The Nasdaq composite index gained 35.23, ending the day’s trading session at 6,950.34.

U.S. financial markets continued their highly volatile ups and downs on Friday, with the Dow Jones Industrial Average falling 572.46 points to 23,932.76. The Nasdaq composite index was off 161.44 points, to 6,915.11. While many media companies were swept up in the declines, two stick out as advancers: Nexstar Media Group and Emmis Communications.

U.S. financial markets rebounded once again on Thursday, with the Dow Jones Industrial Average gaining 240.92 points, to 24,505.22. The Nasdaq composite was up 34.44, to 7,076.55. How did media stocks fare? The activity was mixed once again.

U.S. financial markets enjoyed a positive mid-week trading session on Wednesday, as the Dow Jones Industrial Average gained 230.94 points, to 24,264.30, and the Nasdaq composite index was ahead by 100.83 points, to 7,042.11. Important gains came from Entercom and Townsquare Media.

U.S. financial markets gyrated significantly once again on Tuesday, as the Dow Jones Industrial Average jumped ahead 389.17 points, to 24,033.36. Nasdaq gained 71.16, to 6,941.28. For media stocks, it was mostly a rebound session. However, Viacom's Class B shares suffered from more unsubstantiated reports about a reunification from CBS Corp. — this one claiming that CBS today made an all-cash offer with a valuation below its current stock price.

If you thought the snow from Dayton to Dobbs Ferry on Easter Monday morning was depressing, wait until you see how media stocks fared on Wall Street. It was a disastrous day, thanks to worries of a trade war and more chatter from the White House about Amazon and The Washington Post, which it owns. This sent the Dow sinking 1.9% -- and many media companies were caught up in the fray.

The first quarter of 2018 effectively concluded Thursday, as U.S. financial markets are closed today in observance of Good Friday and the start of Passover. RBR+TVBR reviewed the first quarter performance for several companies' stocks. For Salem Media Group, the picture is clear — Q1 wasn't so hot. 

U.S. financial markets continued their rollercoaster-like activity on Thursday, as the Dow Jones Industrial Average climbed 254.69, to 24,103.11. The Nasdaq composite index improved 114.22 points, to 7,063.44. Among the media companies on the rise: Viacom and Beasley.

Beasley Broadcast Group shares enjoyed a welcome move in the right direction on Wednesday. At the Closing Bell, the radio industry pure-play saw its shares finish at its highest level since March 5. Still, with Q1 2018 coming to a close, shares are down -- albeit slightly -- from where they were on New Year's Day.

Tuesday's activity on Wall Street was less than pleasant for owners of broadcast media company stock. The Dow Jones Industrial Average slid 1.4%, with a 344.89-point drop to 23,857.71. The Nasdaq composite index was off 2.9%, with a 211.74-point slide to 7,008.81. While many media companies were up, some finished the day in the red.