U.S. financial markets ended the week with a bang on Friday, as the Dow Jones Industrial Average soared 347.51 points, to 25,309.99, and the Nasdaq composite index surged 127.31 points, to 7,337.39. Widespread gains were seen across the media landscape — although Beasley Media Group, Salem Media Group and Pandora had a down day. Meanwhile, what's up with iHeartMedia?
U.S. financial markets moved downward on Wednesday, as the Dow Jones Industrial Average fell 218.55 to 24,189.45. The Nasdaq composite index lost 25.27, ending the day’s trading session at 7,069.03.
Friday, June 1, will be the final day that The E.W. Scripps Co. will see its stock bought and sold on the New York Stock Exchange. Come Monday, June 4, the company's shares will be on a different exchange. For investors, Scripps hopes the shift will be seamless and transparent -- the company's ticker symbol is staying as is.
U.S. financial markets dipped again, with the Dow Jones Industrial Average diving 165.62 points to 24,117.59. The Nasdaq composite index declined by 116.54, to 7,445.08. While Saga Communications gained 27 cents to $38.25, and Urban One rose 5 cents to $2.25, the majority of media issues were down.
If you own stock in radio industry pure-play Saga Communications, you might want to take note of a change that's set to begin on Thursday, August 16. Not to worry — you probably won't notice anything out of the ordinary, aside from the exchange your shares will soon be traded on.
With the exit of CEO Les Moonves amid new sexual misconduct allegations the talk of the business world, Moody's Investors Service chimed in with its take on what's in store for CBS Corporation and its stock holders.
The Dow Jones Industrial Average rebounded slightly after Wednesday's steep losses, climbing 401.13 to 24,984.55, while Nasdaq gained 209.94 to end the day at 7,318.34. A great Q3 report from Twitter propelled tech stocks, while most media issues saw modest gains. For iHeartMedia, a 9.3% dip was seen for a stock already worth pennies.
It's been a rough month on Wall Street for AI-powered audio attribution firm Veritone Inc. The company's stock continues to trade at all-time lows. On Wednesday, a 10.3% dip was registered even as a new pact with Univision was announced. Why? A law firm is investigating potential claims against the Veritone board for a previously unannounced proposed company sale.
CBS Corporation shares in late December dipped to as low as the mid-$43 range -- a rarity for a stock mainly in the $50-$60 range. On Wednesday, a 1.7% decrease put CBS back under the $50 level, and more than $13 below its 1-year target estimate.
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 addition of radio stations in Boston and Detroit, many believed Beasley would begin 2019 with renewed vigor for its stock. Instead, Beasley's Q1 share performance has been rather dismal. On Tuesday morning, the decline in stock price continued.
At the annual general meeting of shareholders of Nielsen Holdings plc, held Tuesday, company shareholders approved the Nielsen 2019 Stock Incentive Plan. In all seven proposals were considered by shareholders. Here's what Nielsen told the SEC about it.
Sinclair Broadcast Group on Thursday released a preliminary look at its second quarter 2019 results. The official numbers arrive August 7. However, investors should be pleased with what Sinclair believes it will report in under a month's time.
Sinclair Broadcast Group and Nexstar weren't the only media companies to experience sharp declines in share value on Wednesday. In fact, only Entravision, iHeartMedia, and Tribune Media saw gains as general indices sailed southward.
September has been a strong month for Townsquare Media shares on Wall Street. With today's close, it is again over $7, keeping TSQ at or close to its year-to-date high.