Big Jump For iHeart, Trouble Signs For SBS


A mixed trading session on Friday for overall stocks was mirrored in the media sector, as iHeartMedia continued its recent growth spurt, gaining 2% to finish the week at $3.52.

In contrast, Spanish Broadcasting System (SBS) suffered a 7.8% dip on scant trading volume, finishing at 83 cents.

In other activity on Friday, Townsquare Media was off 0.3, dipping to $11.68, while Entercom slipped 0.9%, to $13.88.

The day’s big gainer among radio companies was Beasley Broadcast Group, which improved 1.2%, to $12.25.

For a complete look at all media stocks, visit our homepage and view the Wall Street Report, found on the top right!