Broadcasting Stocks

U.S. financial markets surged on Monday, with the Dow Jones Industrial Average soaring 152.51, to 22,557.60, and the Nasdaq Composite index rising 20.76, to 6,516.72. Among the key gainers was Veritone Inc., rebounding 9.4% after a topsy-turvy end to a fiery September for the AI tech company. Today's catalyst for Veritone's gain on Wall Street is none other than iHeartMedia.

On March 15, iHeartCommunications commenced private offers to eligible lenders under its Term Loan D and Term Loan E facilities to amend the existing term loans and exchange them for new securities of iHeartMedia and CC Outdoor Holdings and/or iHeart Communications. The nation's No. 1 radio broadcasting company has had no luck with the exchange offers, offering extension since April 5. Another extension was announced late Thursday.

Is AI tech company Veritone, which is increasingly working with broadcast media companies, overheated on Wall Street? One investment house says yes, resulting in a huge plunge in share value after an exceptional month of growth. Veritone stock continued to fall back to Earth on Thursday, and shares have lost half their value since Wednesday's Opening Bell.

Cumulus Media in late March received a de-listing notice from Nasdaq for failing to have its stock close at a minimum $1 per share for more than month. It initially had until May 5 to comply, and then received a 180-day extension. With a big dip on Wall Street for CMLS shares on Wednesday, the company could do another reverse stock split or jump to a lesser stock exchange.

CBS Corp. shares slumped 3.4% on Tuesday, as did shares for DISH Network. On the flip side, it was a positive trading session for Saga Communications, while AI tech firm Veritone soared yet again, finishing at yet another high.

Investors looking for a good investment in the media sector better shed any preconceived notions that the radio broadcasting industry is simply "boring." That's because Wall Street observer SeekingAlpha has piggybacked on recent comments from CNBC stock-swayer Jim Cramer by gushing over the opportunities that await from buying Entercom Communications shares today.

Losses among big tech stocks were largely responsible for the overall dips on Wall Street, as Twitter fell 3.6%, on word that disgraced former New York House Member Anthony Wiener was sentenced today to 21 months in Federal prison for "sexting" a 15-year-old girl. Snap Inc. and Amazon were also down. But, AI pioneer Veritone Inc. sailed to another record high, and iHeartRadio shares rebounded.

While the overall markets were mixed on Friday, AI technology company Veritone Inc. soared to another new record high, leaping nearly 5% on word that Quantum Corp.'s aiWARE for Xcellis, a cloud-based version of the artificial intelligence platform from Veritone, earned a "Best of Show Award" at IBC2017 in Amsterdam. Award criteria included innovation, feature set, ease of use, versatility and value/ROI.

U.S. financial markets moved downward on Thursday, as the Dow Jones Industrial Average fell 0.24% to 22,359.23. The Nasdaq composite index lost 0.52%, ending the day’s trading session at 6,422.69.

U.S. financial markets experienced mixed trading Wednesday on Wall Street, as the Dow Jones Industrial Average climbed 41.79, to 22,412.59. The Nasdaq composite index dipped 5.28, to 6,456.04. Among the key movers for media companies were Saga Communications and TEGNA.

With today's close on Wall Street, the AI-focused tech company's stock has soared an incredible 487% in just one month. Today's leap comes following a successful appearance at the important IBC2017 conference in Amsterdam.

U.S. financial markets started the week on an up note, with both the Dow Jones Industrial Average and Nasdaq composite index gaining ground on Monday. Among the star performers once again is Veritone, which jumped to another record high.

U.S. financial markets were ending the week on an up-note in overall trading in mid-afternoon trading on Friday. However, two big radio broadcasting companies saw their stocks slump: Urban One and Cumulus Media.

Artificial intelligence as a tool for broadcast media's sales teams is gaining attention not only from the C-Suites of TV and radio companies, but from Wall Street. Thanks to some positive press and key partnerships, Veritone stock has dramatically soared in just the last five days. With company executives in Amsterdam for IBC2017, their return to the U.S. should be a giddy one. They can thank Dalet, Barron's, and financial house Jeffries.

Publicly traded broadcast TV companies experienced a tough session on Wall Street today. Is CBS Corp. Chairman/CEO Les Moonves to blame? Moonves appeared on CNBC, and also at the Goldman Sachs Communacopia conference in New York, and touted CBS Sports' delivery methods, focus on scores and news, and NFL football. The result? CBS shares slid, as did those for other big TV players.