It was an up-and-up day for Sinclair Broadcast Group shares on Thursday, thanks largely to its announcement that a new retransmission consent agreement has been signed with AT&T for its AT&T TV NOW vMVPD, U-Verse MVPD and DirecTV DBS offerings for the next few years.
With the TV and entertainment industry's anticipating a battle for OTT audiences come November with the launch of potential competitors, Netflix on Wednesday released third-quarter financial results that beat Wall Street expectations. But, a U.S. slowdown is clearly seen.
With several executives set to appear at NAB Show New York, the news from Wall Street concerning The E.W. Scripps Co. looks pretty good. The media company had a very good performance in Tuesday's trading.
On Monday, all eyes were on CBS Corporation and merger partner Viacom, as each of the company's stocks succumbed to prices that have not been so low in more than five years. A day later, the same concern can be placed on Entravision shares.
While Toronto's TSX was closed Monday in observance of Canadian Thanksgiving Day, New York's financial markets were open on Columbus Day in the U.S. Perhaps they should have closed. Small losses were seen overall, but the declines for CBS and Viacom are disconcerting.
U.S. financial markets climbed again on Thursday, as the Dow Jones Industrial Average rose 136.91 to 26,482.92. The Nasdaq composite index gained 43.67, ending the day’s trading session at 7,947.42. Among the key media companies making advancements today are The E.W. Scripps Co.
U.S. financial markets moved ahead on Wednesday, as the Dow Jones Industrial Average rose 181.97 to 26,364.01. The Nasdaq composite index gained 79.96, ending the day’s trading session at 7,903.74.
Escalating trade issues, and now an NBA squabble, between the U.S. and China led investors to sell off their shares on Wall Street -- and, perhaps, the Jewish Day of Atonement. The Dow Industrials were down 1.2%, while the Nasdaq index was off 1.6%.
On August 19, Nielsen shares nearly slid to $20 apiece. Today, they are trading in the low-$21 range. That's a big difference from where Nielsen stock stood some three years ago.
The extreme gyrations of U.S. stock market indices continued on Friday, as a good jobs report from the White House led investors to buy. This sent the Dow Jones Industrial Average up 1.4%, while the Nasdaq was up 1.4% as well.
U.S. financial markets were rebounding from Wednesday's steep drop in midday trading on Wednesday. But, Entercom Communications shares weren't heading upward with general indices. Rather, a sizable decline in value was seen within the first hour, resuming right before the Closing Bell.
U.S. financial markets declined on Wednesday as investors expressed concern about U.S. growth forecasts not being as strong as they'd hoped for. The Dow Jones Industrial Average was off 2%, while Nasdaq was off by 1.6%. However, it was not all gloom and doom for radio stocks.
Spectrum parent Charter Communications said following Tuesday's Closing Bell on Wall Street that its subsidiaries, CCO Holdings LLC and CCO Holdings Capital Corp., have closed on $1.35 billion in aggregate principal amount of senior unsecured notes due 2030.
U.S. financial markets moved ahead on Monday, as the Dow Jones Industrial Average rose 96.58 to 26,916.83. The Nasdaq composite index gained 59.71, ending the day’s trading session at 7,999.34.
With Q3 set to end on Monday, or for many companies now, given the Rosh Hashana holiday on Sept. 30, investors in Gray Television may be wondering if the broadcast TV company can regain the momentum it enjoyed in Q2.