Broadcasting Stocks

It's been a less than stellar month for shares of Beasley Broadcast Group stock. On January 5, "BBGI" hit a new peak of $13.95. By January 18, Beasley shares were down by nearly $3 a share. That dip is very close to being erased as the month comes to a close.

It was another banner day for stocks in lower Manhattan, as the Dow Jones Industrial Average surged ahead 223.92 points, to 26,616.71. The Nasdaq Composite index was up 94.61, to 7,505.77. Enjoying gains on Wall Street Friday were Viacom and CBS Corp., as rumors persist that National Amusements wants the two companies back together again.

U.S. financial markets saw another mixed trading session on Wall Street, as the Dow Jones Industrial Average finished with a 140.67-point gain, to 26,392.79. The Nasdaq Composite index was down 3.89 points, to 7,411.16. The disparate movement on Wall Street extended to media companies, with several up and several down on Thursday.

U.S. financial markets were mixed on Tuesday, as the Dow Jones Industrial Average fell 0.01% to 26,210.81. The Nasdaq composite index gained 0.71%, ending the day’s trading session at 7,460.29.

U.S. financial markets moved ahead on Monday, as the Dow Jones Industrial Average rose 0.55% to 26,214.60. The Nasdaq composite index gained 0.98%, ending the day’s trading session at 7,408.03.

U.S. financial markets moved ahead on Friday, as the Dow Jones Industrial Average rose 0.21% to 26,071.72. The Nasdaq composite index gained 0.55%, ending the day’s trading session at 7,336.38.

According to The Wall Street Journal, Shari Redstone — vice-chairwoman of both CBS Corp. and Viacom — is seeking to shake up the CBS board and once again consider a reunification of the two entities controlled by Redstone through National Amusements. This, predictably, resulted in a big gain on Wall Street for Viacom's Class B shares and for CBS stock in Thursday's trading.

Beasley Broadcast Group shares slid by more than 9% on Wednesday, retreating to its lowest level since early December. There was no clear reason for the dip. How did other media stocks fare on Wall Street? We have the recap.

Call it a NATPE Miami bump? Broadcast TV companies including Nexstar Media Group, Gray Television, Tribune Media and TEGNA were up.

Nexstar Media Group, which recently broke the $80 barrier, isn't the only TV industry winner on Wall Street. What are the other publicly traded television companies bringing big dividends to investors? RBR+TVBR conducted a performance review, and here's what we've found.

Friday saw wildly mixed trading for media stocks. Among the decliners were Beasley Broadcast Group, Emmis, Entravision, and Gray Television. Companies seeing gains include Salem, Saga and Townsquare Media.

The future of Cumulus Media's shareholder value continues to remain in question, as the nation's No. 2 broadcast media company by number of stations seeks approval of its Chapter 11 bankruptcy reorganization in a New York Federal court.  As rumors reignited this week that former CEO Lew Dickey Jr. is still looking to reacquire Cumulus and rename it, its stock dipped to a new low in Friday's trading.

In late December 2017, Beasley Broadcasting Group shares moved past the $14 mark. Since then, BBGI shares had been on the retreat. That ended today, thanks to a 3.9% gain that puts BBGI stock above $13 once again - and near its all-time peak levels.

It was a decidedly down day for media stocks once again on Tuesday, with several companies losing ground from Monday's close. However, Sinclair Broadcast Group and Salem Media Group enjoyed gains.

The mood from investors in radio and TV companies so far in 2018 hasn't been too bright, on an overall level. With Monday's Closing Bell on Wall Street, several key media companies were down.