A Mixed Monday For Media Stocks


U.S. financial markets saw mixed movement on Monday, with the Dow Jones Industrial Average dippng 13.83, to 25,044.29. Nasdaq rose 21.67, to 7,841.87.

While Beasley shares suffered a severe drop, most of the other activity was ho-hum.

Entercom enjoyed a 15-cent rise to $8.15 — its highest closing price since mid-May.

Entravision was off 5 cents, to $4.70, on word that fans of its “Súper Estrella” brand will soon enjoy a resurrection of sorts in Los Angeles on Thursday. That’s when the 103.1 MHz simulcast of KDLD-FM in Santa Monica and KDLE-FM in Newport Beach will cease simulcasting “La Suavecita 107.1” and relaunch as a “classic rock en español” outlet under the name Súper Estrella Retro.

Sinclair Broadcast Group and Tribune Media each lost ground. SBGI shares were off 20 cents to $26.70; TRCO was down 15 cents to $32.90.