Behind MediaCo’s Wild Wall Street Ride


On July 1, an individual whose resume includes stints as EVP/Ad Sales and Marketing for TV One and, before that, as VP of Client Strategy for Viacom Media Networks officially took the reins as CEO of the owner of two New York City radio stations and Fairway Outdoor. 

The company’s stock price actually dipped slightly, while remaining steadily in a range seen across 2020, with the COVID-19 pandemic proving to be a non-issue.

On Monday, July 12, MediaCo Holding stock exploded like a West Coast wildfire. A day later, a bit of profiteering was taking shape.

Is this the latest example of Wall Street investors taking diversity commitments from Fortune 100 companies to the bank?

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