A Steep Dip For A Media Giant’s ‘Stub’


U.S. financial markets limped into the weekend in Friday’s trading, with the Dow Jones Industrial Average climbing 30.27, to 21,813.67, and the Nasdaq composite index shedding 5.68 points to 6,265.64.

For media stocks, the “stub” of iHeartMedia saw a significant drop, ending Friday’s trading at $1.45, falling some 12.1%.

Also down on Friday: Cumulus Media, which lost a penny and finished at 41 cents.

On a positive note, Entercom gained 2%, to $10.35.

For a complete look at today’s Closing Prices on Wall Street, visit the Wall Street Report on the homepage of RBR.com.