With Wednesday's Closing Bell on Wall Street, Sinclair Broadcast Group shares entered after-hours trading priced at $52.85. That's great, compared to where SBGI was prior to May 6, when news of its regional sports network plans became known. But, since that news, Sinclair has been mired in the $50 range.
Thanks to a decision made by India's federal government, Comscore currency will be used to set ad rates for desktop and mobile advertising in India to help create "a fair and stable marketplace." Did this news give investors a reason to put a stop to Comscore's big dip on Wall Street? Nope.
The last week on Nasdaq has certainly been exciting for Emmis Communications. On June 10, the company confirmed that it is saying goodbye to the capital of the Lone Star State. That excited investors, and that enthusiasm hasn't ebbed. But, is that a "YES" vote for a N.Y. move?
U.S. financial markets ended the week on a down note, with the Dow Jones Industrial Average falling 17.16 points to 26,089.61. Nasdaq was off 40.47 points, to 7796.66.
Townsquare Media is very lightly traded on Wall Street. As such, a small group of shareholders can determine the trajectory of its stock. With Friday's close, it is heading southward, and is near $5. That's only happened twice before -- and both times were within the last six months.
It's been a bouncy 30 days for Entercom shares. However, Thursday's close puts the company back to values last seen on May 28, when a decline in value began to take shape. The catalyst? Entercom goes ex-dividend on Friday.
The travails of "BBGI," Beasley Broadcast Group's publicly traded shares on Nasdaq, have been well documented since it started a prolonged decline in value some 11 months ago. With Beasley set to go ex-dividend soon, investors may be asking if the stock can recover to $3.50 anytime soon.
U.S. financial markets dipped on Thursday as the nation's trade ties with China fell into a cloud of uncertainty 12 hours after the biggest protests to hit the streets of Hong Kong in nearly 30 years. How did media stocks fare?
Well before Tuesday's Opening Bell on Wall Street, TEGNA announced that it has reached a deal with the Wolfe family to purchase the two TV stations it operates under its Dispatch Broadcast Group for more than a half-billion dollars. Investors soured on the news, selling TGNA shares on substantially high volume.
A C-Suite shakeup resulted in the Feb. 28 departure of CEO Bryan Wiener, just hours after final approval of a Q&A appearing in RBR+TVBR's Spring 2019 print edition, and President Sarah Hofstetter. Since then, comScore shares have been in a free-fall. The bleeding continues.
U.S. financial indices gained ground in Thursday's trading on Wall Street, with the Dow Jones Industrial Average up 181.09 points to 25,720.66. Nasdaq was up 40.08 to 7,615.55. How did media stocks fare?
In the year since its emergence from bankruptcy, Cumulus Media has done much to reduce its outstanding debt. On Wednesday, the company headed by CEO Mary Berner took a giant step in further reducing that outstanding balance.
It's been eight weeks since Comscore CEO Bryan Wiener and President Sarah Hofstetter exited, resulting in a severe destabilization of the company's stock. The last 30 days have hardly been better: A steady decline started May 9 and has yet to stop.
At 1pm, Entercom shares were down to $5.62, their lowest point since April 3, when ETM began a month-long rally. Those gains have been wiped out. Can a newly announced quarterly dividend provide a spark to a stock that's been sputtering of late on Wall Street?
While Saga shareholders may not be wholly pleased with where the company's shares are today, they will most certainly enjoy the benefit of a healthy quarterly cash dividend to be paid in a matter of weeks.