Broadcasting Stocks

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.

U.S. financial markets closed the week at an all-time high, with the Dow Jones Industrial Average soaring 217.71, to 25,292.84. The Nasdaq composite index was up 58.64, to 7,136.56. Unfortunately, media stocks largely failed to ride on the coattails of the overall market growth seen in the first week of 2018. Among the decliners in Friday's trading are The E.W. Scripps Co.

"It's the same old song, but with the same exact meaning since you've been gone." To the surprise of no one, iHeartMedia on Thursday yet again extended the deadline for participation in its term loan offers and exchange offers crafted on March 15, 2017.

U.S. media stocks continued their up-and-down movement on Thursday, with Beasley Broadcasting Group pacing advancers. The radio industry pure-play enjoyed a 4.9% gain, pushing it back toward its all-time highest levels seen in late December.

Overall gains on Wall Street seen Wednesday failed to include many broadcast media companies, with Nexstar Media Group falling sharply on very high trading volume before rebounding slightly in immediate after-hours trading. Also sliding was Sinclair Broadcast Group.

U.S. financial markets were on their way to finishing 2017 on a down note Friday, as investors looked to cash in and earn a few extra dollars ahead of new taxation laws set for 2018.

It was a quiet Thursday on Wall Street, as the Dow Jones Industrial Average climbed 61.90, to 24,836.20. The Nasdaq composite index improved by 10.82, to 6,950.16. Among the key media movers was Townsquare Media and Urban One. Both companies lost ground today.