Broadcasting Stocks

Investors were heading into the Thanksgiving Day holiday on a pleasant note, with general indices and many media company stocks recovering on Wednesday following two days of big drops. Cumulus Media was part of the recovery.

On Christmas Eve, Veritone shares stumbled to a new all-time low, dipping below $4. On Thursday, a robust Q4 report was released after the Closing Bell on Wall Street. Were investors pleased? You bet, based on immediate after-hours trading.

With a 1-year target estimate now well above $100, investors are energized once again about Nexstar Media Group and its potential growth, once its likely acquisition of Tribune Broadcasting is complete and it spins stations -- with Apollo Group/Cox Enterprises' newly formed group taking them.

Comscore thinks it can be a strong competitor to Nielsen in delivering audience metrics to marketers for TV and digital video consumption. With Comscore shares losing a third of their value following the exit of two key C-Suiters, did Nielsen gain on Wall Street?

On December 17, SBGI closed at $25.89 as chatter of the company's future following its failed merger with Tribune Media persisted. Now, it has a group of RSNs locked up. ACA Connects may be bitter, but investors are excited -- sending shares up 35% on Monday.

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.

With Beasley Broadcast Group continuing to struggle on Nasdaq following a recent five-year low, finishing Monday at $3.19 per share, company CFO Marie Tedesco and CEO Caroline Beasley are preparing for an August 5 of Beasley's second-quarter financial results. 

For the first time since August 13, and just the second time in five weeks, Nexstar Media Group shares climbed above the $100 threshold in moderate trading on Friday. The jump comes as Simply Wall St. asks if it is time to consider buying Nexstar shares.

On Sept. 3, TEGNA shares hit $16. By Oct. 1, they were back down to below $14.50. By the end of the month, a stock price even higher than $16 could be seen -- putting a company surrounded by rumors at a fresh year-to-date high on Wall Street.

Come December 3, the EVP/CFO of TEGNA will be participating in a question and answer session at a Las Vegas event. It's a 'TMT Summit' hosted by one of the nation's biggest financial institutions and run concurrently with AWS re:Invent 2019, Amazon Web Services’ global customer and partner event.

It was early November 2017 when investors last saw such a lofty closing price for Townsquare Media stock. On much higher than normal volume, TSQ enjoyed a banner Wednesday on Wall Street, rising 2.9% to finish at more than $10 per share.

The last six months haven't been pretty for Cumulus Media shareholders. That's why a gain on Wednesday was a win, as it reversed a steep dip that started at the start of 2020.

Add Gray Television to the list of media companies that have decided to hold its annual shareholders meeting exclusively in a virtual format. Here are the details of how the event will take place.

The enormous growth seen by Urban One has led seven company directors to sell shares and/or exercise options, "given the movement in the price" of both the company's Class D and Class A shares. The media company superserving African American audiences on Monday saw more volatile activity, with Class A shares dipping by nearly 50% before an after-hours rise.

One of the world's best-known technology news portals could soon be shed from the ViacomCBS asset stable. According to The Wall Street Journal, citing unnamed sources, CNET is one non-core asset that it hopes to spin — and Red Ventures LLC appears to be the buyer. Also for sale: its New York City HQ, and Simon & Schuster.