Broadcasting Stocks

It was a difficult day on Wall Street for both Pandora Media and Discovery Communications, as both companies released second-quarter earnings that will likely see displeasure from many shareholders. Also on Wall Street today, Urban One was down, as was TEGNA.

U.S. financial markets ended on a mixed note as Amazon tumbled some 2.5% in Friday's trading, to $1,020.04 per share, on high volume. The dip came on word that the company reported a tremendous miss on its Q2 earnings. Also down on Friday: Entercom.

U.S. financial markets saw a rollercoaster day of activity on Wall Street Thursday, as the Dow Jones Industrial Average climbed 85.54 points, to 21,796.55, and the Nasdaq Composite dipped 40.56, to 6,382.19. Among the key media industry stocks making moves was Sirius XM, which finished the day at a five-year high of $5.83.

U.S. financial markets experienced another mixed day on Wall Street, as the Dow Jones Industrial Average gained 100.26 points, to 21,613.43, and the Nasdaq Composite index inched ahead 1.37, to 6,412.17. Among the day's key movers was Nielsen, which dipped 3%. Zacks may be to blame for the decline.

In late-afternoon trading on Monday, Saga Communications shares were off by 2%, to $41.55. Then, the bottom fell out, with "SGA" stock sliding 11% in after-hours trading after the Closing Bell rang on Wall Street. Saga started Tuesday's trading at $37.75. Even with a midday rebound, it's an unusual dip for the media company, which is shedding its TV assets to refocus on small- and medium-sized radio stations. Why could investors be sour on Saga?

U.S. financial markets slipped into the red on Friday, with the Dow Jones Industrial Average down 31.71 points, to 21,580.07. The Nasdaq composite was off 2.25, to 6,387.75. Among the day's key movers was Netflix, which climbed another 2.7% to finish the week at $188.54 per share.

It's been a great July for Nexstar Media Group shareholders, as the company's stock has sharply rebounded from a mid-May swoon. Tomorrow's trading could be even bigger for the broadcast TV company, which today reached a tentative agreement with Sinclair Broadcast Group "on principles" to coordinate the transition of the over-the-air delivery of ATSC 3.0 next-gen TV services in 97 television markets.  

U.S. financial markets saw gains on Wednesday, as the Dow Jones Industrial Average climbed 66.02, to 21,640.75, and the Nasdaq Composite jumped ahead 40.74, to 6,385.04. Among the key advancers were Townsquare Media and The E.W. Scripps Co.

It was a banner day for Netflix, with its shares rising 13.5% on boffo subscriber improvements during Q2. It wasn't such a great day for iHeartMedia, which saw it shares dip 8.6% on word that it is mulling a counteroffer on a deleveraging plan which would relinquish equity—something it has been resistant to until now.

U.S. financial markets finished Monday on a tepid note, as the Dow Jones Industrial Average slipped 10.81, to 21,626.93, and the Nasdaq Composite was down 2.01 points, to 6,310.45. Among the day's key movers were Emmis and CBS Inc.

U.S. financial markets ended the week on a highly positive note, as the Dow Jones Industrial Average jumped ahead 84.65 points, to 21,637.74, and the Nasdaq composite increased by 38.03 points, to 6,312.47. Fueling the improvement among media stocks is Nexstar Media Group.

It was a banner day for the Dow Jones Industrial Average, as the index hit a record high following testimony on Capitol Hill Wednesday from Federal Reserve Chair Janet Yellen suggesting that the U.S. economy warrants tighter monetary policy. It wasn't such a great day for Cumulus Media shares, which slid nearly 6%. But, the stock price isn't nearly as low as it was in late April. 

Most everyone has heard of Snapchat and its parent, Snap Inc. Profitability is one of Snap's key concerns since its Initial Public Offering in early March, and a big downgrade Monday from Morgan Stanley sent investors scurrying in Tuesday's trading on Wall Street. How did radio and TV stocks do? Click here for the full synopsis!

U.S. financial markets showed little change on Monday, as the Dow Jones Industrial Average fell 0.02% to 21,410.33. The Nasdaq composite index gained 0.38%, ending the day’s trading session at 6,176.39.