Broadcasting Stocks

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.

U.S. financial markets experienced a miserable start to March 2018, as the Dow Jones Industrial Average plummeted 1.7% and Nasdaq was off 1.3%. How did media stocks fare? TEGNA and Salem Media Group were up. Everyone else? Don't ask.

There's no mincing words with what happened Wednesday on Wall Street: Media stocks, and the overall market, got creamed. The Dow Jones Industrial Average sank 380.83 points to 25,029.20, losing 1.5% of its value. Nasdaq was off 57.35 points, finishing at 7,273.01. For many media industry stocks, including Sinclair Broadcast Group, the losses were substantial compared to a normal trading day.

It was a decent day on Wall Street for Emmis Communications and its head, Jeff Smulyan. The company's shares closed up 3%, to $4.15, to continue a healthy growth streak that began on Feb. 22, when EMMS shares were at $3.31. Unfortunately, that's the lone positive news regarding media stocks, aside from a 1-cent climb for SBS shares to 32 cents. Everyone else was down.

U.S. financial markets started the final week of February 2018 off with a bang, as the Dow Jones Industrial Average soared 399.28 points to finish Monday's trading at 25,709.27. Nasdaq was ahead by 84.07 points, to 7,421.46. Pacing today's gains were Nexstar Media Group, and American Tower Corp.

U.S. financial markets ended the week with a bang on Friday, as the Dow Jones Industrial Average soared 347.51 points, to 25,309.99, and the Nasdaq composite index surged 127.31 points, to 7,337.39. Widespread gains were seen across the media landscape — although Beasley Media Group, Salem Media Group and Pandora had a down day. Meanwhile, what's up with iHeartMedia?

TEGNA shareholders will be getting a small bonus soon, as the company's Board of Directors on Thursday declared a dividend of 7 cents per share.