U.S. media stocks continued their up-and-down movement on Thursday, with Beasley Broadcasting Group pacing advancers. The radio industry pure-play enjoyed a 4.9% gain, pushing it back toward its all-time highest levels seen in late December.
At the Closing Bell, shares in BBGI were up 65 cents, to $13.85. On Dec. 21, shares reached the $14.25 mark, and they’ve been above $13.30 since.
The activity continues a bullish 30-day period for Beasley on Wall Street, as its stock was valued at $10.70 as recently as Dec. 6.
Other gains include Entravision, up 15 cents to $11, and Salem Media Group, which improved 25 cents to $4.40.
Decliners include Viacom‘s Class B shares, which slipped 39 cents to $29.56, and Townsquare Media, down 6 cents to $7.64.
Meanwhile, Emmis Communications will release its fiscal Q3 2018 results on Thursday, Jan. 11, prior to the Opening Bell on Wall Street. An earnings call with Wall Street analysts is set for 9am Eastern that day, featuring CFO Ryan Hornaday and founder/CEO Jeff Smulyan.
