A Mixed Tuesday For Media Stocks


U.S. financial markets were largely down due to increased coronavirus pandemic worries, fueled by the Miami Marlins, which will not participate in a truncated 2020 Major League Baseball season due to the high number of positive COVID-19 cases among team members and the coaching staff.

But, media stocks were mixed, with Entercom rising and Beasley Media Group declining.

For ETM, shares were up a penny, to $1.41, on slightly lower-than-average volume.

In the case of BBGI, shares were off 11 cents to $1.83 in light trading.

Also down: Salem Media Group, shedding 6 cents to $1.83 on higher than average volume.

On the TV side of the broadcast media industry, Nexstar Media Group shares enjoyed a 31-cent gain, to $84.50.