Broadcasting Stocks

The rumors are true: CBS Corp.'s Board of Directors on Thursday discussed the possibility of a merger with Viacom. Official word came after CBS's board approved a quarterly dividend on the company's stock of 18 cents per share. Both conversation pieces helped CBS see a healthy gain on Wall Street in Thursday's trading. Meanwhile, investors punished Meredith Corp. following its Q4 earnings release.

If there's one company actively working with broadcast media that has seen the fiercest rollercoaster ride on Wall Street since its Initial Public Offering, that company would be Veritone Inc. The provider of AI and cognitive solutions has seen its stock soar, and retreat, and bounce up and down in various ways since September, when it first rocketed above the $20 level. As of today, it's no longer a $20+ stock.

U.S. financial markets slid ahead of President Trump's first State of the Union address Tuesday evening. The Dow Jones Industrial Average was off 362.59 points, to 26,079.89. The Nasdaq composite index declined 64.02, to 7,402.48.

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.