Broadcasting Stocks

Veritone Media shares soared by nearly 50% on very heavy volume of 1 million shares in Monday's trading. The rebound for the company's stock comes following a Friday report at Barrons.com that notes artificial intelligence — the key focus of Veritone's efforts — is getting a lot smarter.

U.S. financial markets ended the week on a down note Friday, as the Dow Jones Industrial Average dipped 76.35, to 21,674.38, while the Nasdaq Composite index slipped 5.39, to 6,216.53, after being in positive territory for much of the day. Among the key movers among media companies were Salem Media Group and Veritone Media, which fell to a new post-IPO low.

U.S. financial markets dropped sharply on Thursday as nervous investors reacted to a terror attack in the heart of Barcelona, Spain, that claimed the lives of 13 and injured 50. At the Closing Bell on Wall Street, the Dow Jones Industrial Average was down 199.34, to 21,825.53. Nasdaq was off 100.51, to 6,244.71, for a sharp 1.6% decline. Among the media companies falling on Thursday are iHeartMedia.

There were rises. There were dips. In all, it was just another Wednesday on Wall Street as financial markets saw small rises to close out the mid-week session. Among the key climbers for media companies was Sinclair Broadcast Group.

While TEGNA rose 1%, to $13.12, and both SNAP and Pandora saw rebounds after recent losses, most media stocks ended the day in the red. The losses were punctuated by Sinclair, which continues to suffer from negative press and fears that Washington, D.C. will throw a monkey wrench into the media company's announced merger with Tribune Media.

Word that three leading Democrats on the House Energy & Commerce Committee have accused FCC Chairman Ajit Pai of favoritism toward Sinclair Broadcast Group reached Wall Street on Monday afternoon. That news didn't sit well with investors, as the company's stock slid 3.8%.

Sinclair Broadcast Group shares saw an important rebound on Friday, stemming a dip that saw the company expected to merge with Tribune Media fall to a recent low in Thursday's trading. Also up Friday: Entravision. Decliners include Beasley Broadcast Group.

As the Closing Bell rang on Wall Street Friday, one thing was clear: U.S. financial markets were sailing southward. Yet, the biggest radio industry players were enjoying upward momentum. An up-sizing of an offering tied to iHeartMedia may have helped that company's stock rise more than 10%.

Media companies saw mixed activity on Wednesday, but the downward movement for Sinclair, Cumulus, and Beasley set the tone as Veritone reached a new low following its recent Initial Public Offering.

U.S. financial markets moved downward on Tuesday, as the Dow Jones Industrial Average fell 0.15% to 22,085.27. The Nasdaq composite index lost 0.21%, ending the day’s trading session at 6,370.46.

U.S. financial markets moved ahead on Monday, as the Dow Jones Industrial Average rose 0.11% to 22,118.15. The Nasdaq composite index gained 0.51%, ending the day’s trading session at 6,383.77. Among the key media companies making advancements today are Nexstar, CBS, and Viacom.

The media company that didn't see a reunification with CBS Corp. suffered a bruising session on Wall Street Friday. Viacom shares tumbled 13.8%, to $30.22, on word that subscribers to its cable TV networks will fall by roughly 3% in Q3. That sour news clouded an otherwise good Q2 that saw Viacom beat the Street.

If ever there was a Thursday to throw back. U.S. media stocks, in particular television company shares, got hammered on Wall Street as growing concern over advertising dollars at traditional media — coupled with rough Q2 earnings releases from several companies — sent investors running away.

It was a difficult Wednesday for most publicly traded media companies, as the Dow Jones Industrial Average reached a new high while the Nasdaq composite index was down slightly. Among the big dippers on Wall Street were Pandora Media, Sinclair, TEGNA, and Townsquare Media. There was one gainer: iHeartMedia. Why? It's made a coupon payment on $1.7 billion in 14% unsecured notes due 2021.

U.S. financial markets enjoyed a robust day on Wall Street Tuesday, with the Dow Jones Industrial Average closing at a new record by climbing 72.80 points, to 21,963.92. The Nasdaq composite was up 14.81 points, to 6,362.94. Pacing media stocks on Tuesday were Nexstar Media Group and Beasley Broadcast Group.