It was an up-and-down session for iHeartMedia, which began trading on NASDAQ today and saw the company's CEO and COO/CFO join together in ringing the Opening Bell. At day's end, iHeart's Class A common stock finished in positive territory.
U.S. financial markets saw plenty of downward activity on Thursday, as the Dow Jones Industrial Average fell 115.78 points to 27,219.85 and Nasdaq was off 37.59, to 8185.21. For radio and TV companies, there were no gains to be seen.
Among the many financial blogs getting considerable notice, and clout, as of late is Simply Wall St., and Entercom Communications has attracted their attention. It's not for the best of reasons. Simply Wall St. wants to know if "ETM" is "a volatile stock."
The losses on Nasdaq just can't stop for audience measurement company Comscore. On July 1, SCOR had fallen to $5.38. With Tuesday's close, Comscore stock is now $4.30 -- even as a broadcast TV company inks an exclusive ratings agreement in the three DMAs it operates in.
Where Saga Communications stock goes could be predicated on how its second quarter 2019 results fared. For investors, the answers to its Q2 questions will come just before the Opening Bell on Wall Street on Tuesday, August 6.
The notes are due in 2027 and priced at 100% in a private offering. The amount represents an upsizing of the initial offering by $100 million, due to strong demand and favorable pricing for the company.
Sinclair Broadcast Group on Thursday released a preliminary look at its second quarter 2019 results. The official numbers arrive August 7. However, investors should be pleased with what Sinclair believes it will report in under a month's time.
After climbing to an all-time high on April 10, Gray Television stock appeared to be closing in on the $25 mark. Not so, as the stock began to dip, erasing all gains since February. Now, GTN is on the rise, and the date its second quarter results will be made public is now known.
It's been 51 weeks since the Bordes family sold a big chunk of Beasley Broadcast Group stock, sending investors scurrying and the company's stock on a downturn that has yet to ebb. With Tuesday's Closing Bell, BBGI is traveling back down toward the $3 level.
More than five months have passed since former CEO Bryan Wiener and ex-President Sarah Hofstetter exited Comscore -- a company that positioned itself as a worthy competitor to Nielsen. Now, its stock has dipped to yet another all-time low, despite a big international product launch.
It may be just three days into the third quarter, but Entercom shares are on a roll since Monday morning. At the Opening Bell on July 1, ETM was priced at $5.89. As of 12:45pm Wednesday, they were finally above $6.25 per share -- last seen May 21.
Beasley Broadcast Group shares finished the second day of trading of the third quarter with a six-cent dip, to $3.24. It was a step backward for the owner of radio stations that has seen considerable year-to-date weakness on Wall Street -- with most of the downward movement coming in the last 30 days.
At the Closing Bell on Monday, Emmis Communications shares were up nearly 20%, finishing at their highest value in more than four years. That's thanks to the creation of a newly formed company that sees Soo Kim's Standard General take 76% ownership.
Investors seem pleased with Cumulus Media's debt-lowering deals that have seen the sales of a total eight radio stations through the first half of 2019, bringing in $159 million for the company. The end of Q2 sees Cumulus stock moving back toward its year-to-date high.
Sinclair Broadcast Group shares were down 67 cents, to $53.20, on news that the FCC Media Bureau has opened an investigation into whether the company misled the agency in its failed effort to win approval for a $3.9 billion bid to purchase Tribune Media Co.