With Thursday's closing bell, the Nasdaq was up while the Dow Industrials were down. The action on Wall Street came as the Labor Department reported new U.S. weekly jobless claims of 963,000 — easily topping analyst expectations. How did radio and TV companies fare?
Wednesday wasn't the best day for media stocks. Entercom and iHeart, along with Nexstar, finished the day on a down note. In contrast, Cumulus Media was up by 10%.
The company that owns 17 broadcast TV stations led by Patrick McCreery will host a conference call for Wall Street analysts and investors to review its fiscal 2020 Q4 and full-year earnings. How did Meredith's stock perform on Tuesday?
With broadcast TV station owner E.W. Scripps Co. releasing its Q2 2020 results on Friday, investors pushed shares upward across Thursday's trading. Strong retrans dollars and anticipated political revenue is expected to bring Scripps, and other TV companies, a formidable recovery across the remainder of the year.
Set your alarm a little earlier than normal and be sure to grab a big cup of coffee. Townsquare Media is once again delivering its quarterly results on a Monday at 8am Eastern. What can investors expect from the "local first" company with local radio, programmatic and local digital capabilities?
What role could the release of Entercom Communications' second quarter financial results, set for August 7, have on its stock valuation? That's a question that Zacks Equity Research sought the answer to. Here's what it has to say.
With shares in the high $5 range, now may be a good time to purchase Sirius XM stock. A key Wall Street analyst just set a new target price of $7.50, and says the satellite radio operator is navigating the economy much better than expected.
Saga Communications will release its second quarter results next week. What can investors expect to hear? It's not certain, as the radio broadcasting company struggles on Wall Street with its stock.
U.S. financial markets were largely down due to increased coronavirus pandemic worries, fueled by the Miami Marlins, which will not participate in a truncated 2020 Major League Baseball season due to the high number of positive COVID-19 cases among team members and the coaching staff. But, media stocks were mixed, with Entercom rising and Beasley declining.
If there was ever a good example of ending the week on a Wall Street high, The E.W. Scripps Co. offers a great story to share with its Friday performance on the Nasdaq Global Select exchange.
One week ago, Salem Media Group shares closed at $1.05. Two weeks ago, SALM stock was at $0.96. It appeared that a mid-June rally, nearing its best year-to-date performance, had sputtered. Then, on July 17, Salem shares suddenly got electrified. On Thursday, that spark continued. Afternoon trading was hot. Volume was more than five times its normal action.
The Board of Directors for broadcast TV station group TEGNA on Wednesday declared a dividend payable Oct. 1 to shareholders of record as of the Closing Bell on Sept. 4. With its Q2 earnings report set for release August 10, the generous shareholder reward comes as TEGNA's stock appears to have settled in to a "new normal" in COVID-19 times.
On Friday, Salem shares suddenly rose, and the growth continued through Monday's Closing Bell. It brought SALM to its highest closing price -- $2.13 -- since June of last year. On Tuesday, the magic faded for Salem. Similarly, iHeartMedia shares were down sharply on Tuesday. But, there are key differences between why each of the companies saw share declines.
While general market indices were slightly higher on Monday, Beasley Broadcast Group shares were off sharply. Why?
Even the COVID-19 pandemic and a deflated share price couldn't prevent Nielsen's Board of Directors from declaring a very healthy dividend to its stock holders.