A Green Start To Q2 For Media Stocks


The first day of the second quarter of 2021 started out on a highly positive note for radio and TV stocks. Only one of the companies RBR+TVBR regularly tracks was down.

That’s more sour news for that lone decliner: ViacomCBS.

The company’s shares continued to decline on Thursday (4/1), dipping 46 cents to $44.64.

Also down, cable and OTT peer Discovery Inc., which lost $0.15 to $43.31.

Otherwise, it was a fine start to Q1 for radio and TV. Townsquare Media is now at $11.01, up $0.28, while Nexstar Media Group is now at $142.70, thanks to a $2.27-per share climb.