A Solid End To A Big Week For Broadcast Media


U.S. financial markets ended the week on a down note Friday, with the Dow Jones Industrial Average sliding 99.84, to 23,358.52, and the Nasdaq Composite index off 10.50, to 6,782.79.

However, media stocks were on the rise, finishing the week on a positive note.

Viacom saw a much-needed rebound from a poor Thursday performance on Wall Street, shooting up 10.4%, to $26.15.

TEGNA also had a good day on Wall Street, climbing 3.5%, to $13, while Gray Television gained 2.4%, to $15.73.

Meanwhile, Salem Media Group saw an important turn-around in its stock price after a string of losses tied to underwhelming Q3 results. At the Closing Bell, Salem shares were up 4.3%, to $4.90.