The first quarter of 2019 ends in two weeks, and that can't come soon enough for Beasley Media Group. The company still trading as Beasley Broadcast Group (BBGI) continued to see weakness in its publicly traded stock on Friday.
On March 8, CBS went ex-dividend. Yawn. Investors appear to be bearish on the company in recent weeks, with shares moving back to where they were at the start of Q1. That's not good, since CBS shares hadn't been that low since September 2015.
By all accounts, Townsquare Media had a strong Q4 2018. Yet, shares were off by more than 7% in midday trading before a rebound. Why? It could have nothing to do with Townsquare but everything to do with the private equity firm that controls it.
As Q1 2019 nears its close, Beasley Media Group C-Suiters will likely be discussing whether or not to take an impairment charge due to the deflated value of its stock. With a recent dip to $3.53, on Christmas Eve, BBGI has struggled to rebound to $5, or higher.
Don't look now, but TEGNA shares are on a big growth spurt. In fact, the company's stock entered Tuesday's trading at its highest level since July 2017.
General indices were strong on the first trading day of the week, as the Dow Jones Industrial Average climbed 200.64, to 25,650.88. Nasdaq gained 149.92 to 7,558.06, for a stellar 2% gain. Radio and TV companies were also largely on the rise on Monday.
Five companies saw their share prices "stretch hundredfold" during the Bull Market, based on TradeStation data reviewed by one Wall Street reporter. One of those companies is the broadcast TV company seeking regulatory approval of its merger with Tribune Media.
Investors who have stuck by Salem Media Group are in for a treat. The media company saw its board of directors declare a cash dividend for Q1. The decision comes as Salem tries to recover from its worst stock performance in 7 years.
With the Dow Jones Industrial Average falling 133.17 to 25,673.46 and Nasdaq off 70.44 to 7,505.92, most media stocks were in the red on Wednesday. Not Nexstar Media Group. The TV company that seeks to merge with Tribune Media hit another new record high.
Beasley Broadcast Group's board of directors has declared a dividend. The announcement comes as BBGI shares saw an important 5% gain on Tuesday, but are still far below its 1-year target estimate.
Les Mooves is gone. So is former CFO Lawrence Tu. That could make a March 12 appearance by the President and acting CEO of CBS Corp. at the Deutsche Bank 2019 Media, Internet & Telecom Conference far more interesting than in previous years.
Is a leaner Cumulus Media a more profitable one? That's what investors indicate, based on the strength seen on Friday for the company's stock. It hasn't been this high since September.
Two of the most high-profile radio broadcasting companies lost ground on Thursday as companies such as Sinclair Broadcast Group and Gray Television report strong Q4 earnings that have propelled their stock prices skyward. What was the damage for Beasley and Entercom?
With CEO Bill Wilson alone at the captain's wheel, Townsquare Media is propelling forward as an operator of small and mid-sized market radio stations with the right -- and profitable -- mix of outdoor events. Just how profitable the stations and events are for the company will come bright and early on March 12.
Can a cash reward of sorts help Entercom Communications in its quest to energize its sagging stock price? The radio broadcasting company's board of directors on Tuesday approved a sizable cash dividend to shareholders of record as of March 14. Yet, Entercom shares were off 6.9%.