Six months ago, Beasley Broadcast Group shares were poised to hit the $6.75 mark. Instead, they plunged to a low of $3.25 seen on the day after Christmas. Today, BBGI continues to struggle under the $4 barrier.
DISH Network's Q1 results met both EPS and revenue estimates, while its loss in net pay-TV subscribers was in line with the Street. Still, Pivotal Research Group's new Entertainment sector analyst is wary about the DBS world, and says a DirecTV tie-up is inevitable.
It was a down day for U.S. financial markets, as the Dow Jones Industrial Average fell 122.35 points, to 26,307.79. Nasdaq was off 12.87 points, to 8,036.77. For media stocks, there was a lot of downward movement. That said, Comscore's struggles continued to raise eyebrows on Wall Street.
One of the nation's biggest owners of radio stations in small and mid-sized markets just can't seem to ignite its stock on Wall Street. Townsquare Media shares were off by more than 5% on Wednesday, a move that only exacerbates lack of movement for the company led by CEO Bill Wilson.
Entercom Communications shares were largely up in Tuesday's trading, following the pre-market release of its Q1 earnings, which were upbeat.However, ETM didn't rocket ahead and is down in after-hours trading on NYSE.
Tuesday will see Entercom's C-Suite gathered to discuss the company's Q1 2019 performance. A strong quarter is anticipated, and this likely led investors to snap up ETM shares ahead of what could be a big surge in share value on Tuesday.
Entercom shares finished the week on a strong note, as shares rose 3.4% to $6.62 in Friday's trading on NYSE. The radio broadcasting company benefited from strong session-long growth, on lower than average volume of 957,272 shares.
Three days ago, Entercom revealed that it planned to offer $300 million in aggregate principal amount of senior secured second-lien notes due 2027. It turns out the offering is oversubscribed, indicating strong investor demand. How did Wall Street react on Thursday?
TEGNA's Board of Directors has declared a dividend of 7 cents per share, payable on July 1, to stockholders of record as of the close of business on June 7. The move comes as the company's stock is on its way to its highest level in two years.
It was a banner day on Wall Street for overall indices, as the Dow Jones Industrial Average soared 145.34 points to 26,656.39 points and Nasdaq was up 105.56 points, to 8,120.82. While Twitter soared 15.6% and Kohl's had a huge one-day gain, three radio companies fell hard.
The company's stock price is one-third of what is was worth in June 2018. Could that point to a write-down of its low share price in its first quarter 2019 results? We now know when we'll find out how Beasley will manage its slumping stock.
It's been a bumpy 12 months for Nielsen Holdings plc. Yet, that's not stopping its Board of Directors from declaring a healthy cash dividend.
It was a mixed day for U.S. financial markets, as the Dow Jones Industrial Average climbed 134.11 points, to 26,583.65, while Nasdaq slipped 1.63 points to 7,994.45. Among the key moves for media stocks was Beasley Broadcast Group, with shares down sharply in average trading.
Sinclair Broadcast Group is continuing its strong year-to-date run on Nasdaq, and is rocketing to new record high after new record high. On Wednesday, shares approached the $45.50 mark.
A difficult April for Comscore stock continued with Wednesday's action on Wall Street. As a result, the audience measurement company has torpedoed all growth seen since May 2009.