Nexstar Board OKs Dividend As Analyst Toys With Target Price
The board of directors at the top owner of broadcast TV stations has declared a quarterly cash dividend, payable the Monday following the Thanksgiving Day holiday. The decision comes as Argus Research again adjusted its 1-year target price on the company's stock, which has taken a battering in recent weeks.
Sinclair Board Director Cashes In Shares
A Board Director of broadcast TV station owner Sinclair Inc. has notified the SEC of the disposition of a significant amount of shares in the company, netting hundreds of thousands of dollars from the sale.
Stocks rise on good news squared
An excellent employment report and a strong dollar spurred a rally on Wall Street. Television companies were happy to partake, while radio stocks edged...
Red Start To April For Media Stocks
U.S. financial markets started the first trading day of April on a downbeat as the Dow Jones Industrial Average fell 13.01, to 20,650.21. The Nasdaq composite was down 17.06, to 5,894.68. Among the key movers was Townsquare Media.
Why Are Nexstar Shares Stumbling?
What's going on at Nexstar? On March 1, its shares were at $73.15. Today, they're under $57. Are investors concerned that the company's merger with Media General isn't enough, and that it needs another huge deal to keep up with Sinclair?
A Mid-Week Rebound For Media Stocks
U.S. financial markets closed Wednesday trading on a high note, as the Dow Jones Industrial Average soared 143.95, to 21,454.61, and Nasdaq advanced 87.79, to 6,234.41. Media stocks enjoyed upward momentum on Wall Street, with Tribune Media climbing and Sinclair Broadcast Group rising on word that divestment of as many as 10 markets could be seen to get Federal approval of their blockbuster merger.