Broadcasting Stocks

With a 1-year target estimate of $13.67 and the recent addition of the former CBS Radio stations, one would think investing now in Entercom Communications stock would present shareholders with strong long-term value. That's not exactly happening. In fact, Entercom shares are poised to end Q1 on a significantly downbeat note: Prices haven't been this low since September 2014.

Talk is heating up — again — that Viacom and CBS Corp. are seriously considering a reunification of the companies. That chatter helped CBS enjoy a stellar performance on Wall Street in Monday's trading. For Viacom, there was no rumor bump in its stock price.

Nexstar Media Group shares fell sharply for the third consecutive day, and continued to lose ground in immediate after-hours trading on Wall Street. With today's Closing Bell, the broadcast TV company's shares are now at their lowest level since the first days of November 2017.

It's been a rough 3 1/2 months on Wall Street for Nexstar. After climbing as high as $81.75 on January 15, the broadcast TV company's shares have stumbled. With Wednesday's finish, Nexstar has now effectively wiped out any growth in its share price seen since late November 2017.

It's not the best time to be a long-time holder of Salem Media Group stock. The conservative and Christian-theme media company finished Tuesday's trading at an all-time low.

Entravision Communications has emerged as a formidable Hispanic digital media company, given the revenue growth seen in this arm of the company in recent quarters. But, the struggles at its radio and TV divisions, which still represent the core of Entravision's business, could be worrying investors. At the Closing Bell on Wall Street on Monday, EVC shares were off by more than 10%.

The volatile stock market is ending the week on a high note, thanks to energy companies seeing gains on a rise in the price of oil. But, Friday saw a relatively uneventful trading session for broadcast media companies that trade on Wall Street.

U.S. financial markets declined on Tuesday, as volatility returned to Wall Street with a 171.58-point decline for the Dow Jones Industrials Average, to 25,007.03. The Nasdaq composite index was down 77.31, to 7,511.01. Big dips were seen for digital darlings including Twitter and Snapchat, while media companies such as Beasley Broadcast Group were also swept up in a red tide.

One of the hottest stocks on Wall Street in recent days has been Netflix. Fueled by exclusive first-run series it has produced and/or acquired, the OTT darling's stock has soared past $300 a share as part of a meteoric rise in value seen since Jan. 1, 2018. On Monday, investors decided to cash in, with Netflix losing 3% of its value but still well above where it began the year.

U.S. financial markets finished another turbulent week on Wall Street in strong fashion on Friday, with the Dow Jones Industrial Average climbing 440.53 points, to 25,335.74, on a strong jobs report released prior to the Opening Bell. Nasdaq was up 132.86 points to 7,560.81. Media stocks were largely on the rise.

U.S. financial markets may have been on the rise in overall trading on Wall Street, but Thursday's activity saw investors punish Entercom Communications for missing Street revenue and EPS estimates in Q4 2017. Also down sharply: iHeartMedia, which now has until Tuesday at 12:59am ET to deal with a $106 million interest payment on a series of loans — and a Chapter 11 restructuring announcement.

Media stocks were mostly in the red in Wednesday's trading. Among the companies seeing dips on Wall Street were Saga Communications and CBS Corp. On the upswing was Veritone Inc., thanks in part to new agreements with four big radio groups.

Where is the market going? It's hard to tell, as the Dow Jones Industrial Average finished another turbulent day on Wall Street with a 9.36-point gain, to 24,882.12. Nasdaq was up 41.30 to 7,372.01. Among the media companies with a strong performance on Tuesday are 21st Century Fox and Beasley.

U.S. financial markets continued their up-and-down motion on Monday with a leap forward, as the Dow Jones Industrial Average accelerated ahead by 336.70 points, to 24,874.76, and the Nasdaq index was up 72.84 points, to 7,330.70. The up and down activity was also seen within the media sector, as Nexstar Media Group and other TV companies were down while Nielsen was up.

It was another turbulent day on Wall Street, as the Dow Jones Industrial Averages concluded the week with a 70.92-point decline, to 24,538.06. On the contrary, Nasdaq was up 77.31, to 7,257.87. Aside from Salem Media Group and American Tower Corp., the majority of publicly traded radio and TV companies ended the week on an up-note, too.