A Quiet Finish For Media Stocks


The volatile stock market is ending the week on a high note, thanks to energy companies seeing gains on a rise in the price of oil. But, Friday saw a relatively uneventful trading session for broadcast media companies that trade on Wall Street.

With less than 30 minutes before the Closing Bell, Beasley Broadcast Group stock was up 2.5%, to $10.35 while Entravision shares gained 2%, to $5.10.

The publicly traded “stub” of iHeartMedia shares, which is not impacted by the company’s Chapter 11 reorganization, was up 8.3% — to 52 cents — as of 3:38pm Eastern.

On the downside was Sinclair Broadcast Group, off 22 cents to $32.35 as of 3:38pm Eastern.

For a complete look at Friday’s closing prices, please visit the Wall Street Report on the homepage of RBR.com from 4pm Eastern.