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Good news for the markets – 12/29/11

The Italian government bond auction went well, the report on new jobless claims was OK and then there was a surprising jump in pending...
Wall Street

A Tremendous Surge For iHeart As Snap Stumbles

Although overall activity on Wall Street was mixed, the big gainer on Thursday was iHeartMedia, which climbed an impressive 43.4% and is now past $2 a share. Meanwhile, the situation at tech darling Snap isn't so great.
Wall Street / Trading Floor

CBS, Nexstar Give Back In Tuesday Trading

It was a down day for two big broadcast TV companies, as CBS Corp. and Nexstar Media Group each saw respective declines on Wall Street Tuesday (5/2). In contrast, on the radio side, Cumulus Media and iHeartMedia each saw respective rebounds.
Wall Street Bull

A Positive Trading Day For Media Companies

The bulls are running on Wall Street, and with the Dow Jones Industrial Average and Nasdaq composite index each moving upward, media stocks saw big gains. Among the top performers were Veritone and Entravision.
Wall Street

A Record Finish For The Dow

U.S. financial markets enjoyed a robust day on Wall Street Tuesday, with the Dow Jones Industrial Average closing at a new record by climbing 72.80 points, to 21,963.92. The Nasdaq composite was up 14.81 points, to 6,362.94. Pacing media stocks on Tuesday were Nexstar Media Group and Beasley Broadcast Group.
Les Moonves

TV Stocks Take An OTT-Fueled Swoon On Wall Street

Publicly traded broadcast TV companies experienced a tough session on Wall Street today. Is CBS Corp. Chairman/CEO Les Moonves to blame? Moonves appeared on CNBC, and also at the Goldman Sachs Communacopia conference in New York, and touted CBS Sports' delivery methods, focus on scores and news, and NFL football. The result? CBS shares slid, as did those for other big TV players.

More Red From Media Companies On Wall Street

Stocks traded higher on an overall level Tuesday, as the Dow Jones Industrial Average climbed 167.80, to 23,411.76, and the Nasdaq composite gained 11.60, to 6,598.43. But, media stocks didn't participate in the gains, with many publicly traded radio and TV companies creating a sea of red on Wall Street. Among the decliners is Viacom, which fell 2.5%. That's more bad news for the company, as it struggles to overcome a five-year low.
Wall Street / Trading Floor

A Mixed Thursday On Wall Street For Media Stocks

U.S. financial markets propelled forward on Thursday, with the Dow Jones Industrial Average climbing 70.57, to 24,211.48, and the Nasdaq Composite rising 36.47, to 6,812.84. But, media stocks were mixed, with Nexstar rising again but other media companies seeing losses on Wall Street.
Stock Market

Markets End The Day Mixed

U.S. financial markets were mixed on Tuesday, as the Dow Jones Industrial Average fell 0.01% to 26,210.81. The Nasdaq composite index gained 0.71%, ending the day’s trading session at 7,460.29.

A Tough Day On Wall Street For Entercom

U.S. financial markets may have been on the rise in overall trading on Wall Street, but Thursday's activity saw investors punish Entercom Communications for missing Street revenue and EPS estimates in Q4 2017. Also down sharply: iHeartMedia, which now has until Tuesday at 12:59am ET to deal with a $106 million interest payment on a series of loans — and a Chapter 11 restructuring announcement.

Tech Stocks Tossed On Tumblin’ Tuesday

U.S. financial markets resumed their rollercoaster ride on Tuesday, with the Dow Jones Industrial Average sliding 424.56 points, to 24,024.13, and the Nasdaq composite index dipping 121.25, to 7,007.35. Broadcast radio and TV companies saw mixed activity. It was the tech sector and two big OTT giants that saw their stocks sink.
Wall Street / Trading Floor

Entercom, Entravision Sink Again On Wall Street

If you haven't gotten nervous yet about the performance on Wall Street of two very different companies that, unfortunately, some confuse because of their similar names, today might be the day to start the nail biting. Entercom shares tumbled another 3.2%, while Entravision shares dipped to the $4 mark.
Audacy Corp. President/CEO David Field, shown on the NYSE floor the day the company then-known as Entercom completed its CBS Radio tax-free merger — November 20, 2017.

Entercom’s Big Move On Wall Street

For the first time since May 8, Entercom shares closed above the $8 mark. In after-hours trading, the company's shares continued to rise. But, ETM still has quite a ways to go to get to where many on Wall Street thought it would be at this time. It's also dealing with more transition, as KYW's ND/PD is to exit after 40 years at the Philadelphia all-News AM.
Saga Communications, Inc.

Saga Declares A Quarterly Cash Dividend

News of the healthy reward for stockholders comes just days after the company's stock reached its year-to-date low. However, Saga Communications' stock rarely suffers from big dips or gains, as we illustrate.

Townsquare’s Next Event Focused On Leveraged Finance

Fresh off of co-CEO Dhruv Prasad's appearance at Pillsbury's Broadcast Finance 2018 breakfast as part of the Radio Show in Orlando, the Townsquare Media executive will be jetting off to the Valley of the Sun to present at a conference focused on leveraged finance.