More Media Stock Woes On Wall Street


U.S. media companies publicly traded on Wall Street ended the week on a somber note, as Viacom‘s Class B shares dipped 2.5%, as the company struggles to reverse itself from a five-year low in its stock value.

At the Closing Bell, Viacom was valued at $24.66.

Also down on Friday: iHeartMedia‘s “stub” of publicly traded stock, which dipped 3.33%, to $1.45.

Other decliners include Saga Communications, Sinclair Broadcast Group, and Cumulus Media (more details on the homepage of