Iconic CBS Television City Sold For Millions

CBS Corp. has just scored a big cash payment for the sale of its 25-acre site in the heart of the Fairfax District. Thanks to a definitive agreement announced following Monday's Closing Bell on Wall Street, CBS Television City is being acquired by local real estate developer Hackman Capital Partners.
Wall Street / Trading Floor

Market Volatility Continues On Wall Street

The Dow Jones Industrial Average shed another 2.2% in value on Friday, while Nasdaq dipped by 3.1%. How did media issues fare? Townsquare Media was down again, while Beasley and Entercom were on the rise.

Where’s The Bottom For Beasley Stock?

When it comes to the overall action on Wall Street and that of radio station owner Beasley Broadcast Group, there seems to be a bit of divergence. Early Thursday, with financial markets down sharply, Beasley was in positive territory. Then, the market started to rebound. Beasley shares promptly headed southward.

Can These Companies Overcome Fresh Five-Year Lows?

When the U.S. financial markets reopen from Wednesday's Federal holiday in observance of the funeral of former President George H.W. Bush, will two broadcast media companies heavily involved with radio station ownership see their stock values move forward?
Wall Street / Trading Floor

Wall Street Bloodbath Impacts Media Issues

U.S. financial markets tumbled ahead of a Federal holiday closure Wednesday, in observance of the funeral of former President George H.W. Bush. The Dow was off 3.1%, while Nasdaq was down 3.8%. Most radio and TV companies were also in decline.

Beasley Shares Sink Below $5 Mark

It's a bad time to be an owner of Beasley Broadcast Group shares, even as the company's Board of Directors has declared a quarterly cash dividend of $0.05 per share of its Class A and Class B common stock. Monday's trading saw BBGI slide to a level not seen since August 2016.

More Wall Street Woes For Cumulus, Beasley

With iHeartMedia seeking to win approval of its Chapter 11 exit plan a week from Tuesday, a company that has already emerged from debtor-in-possession status -- Cumulus Media -- has been struggling on Wall Street. So has Beasley, and both were down on Friday.
Wall Street

Nexstar High, Cumulus Low

It was a tale of two industries on Wall Street today, as Nexstar Media Group broke the $80 mark once again with a healthy gain. At the same time, shares for the No. 2 commercially licensed owner of radio stations -- Cumulus Media -- dipped to another post-bankruptcy low.
Wall Street / Trading Floor

Mid-Week Green For Media Stocks, Sans Entercom

The wild Wall Street rollercoaster ride that's perhaps more intense than the Coney Island Cyclone roared on Wednesday, as the Dow Jones Industrial Average soared 617.70 points to 25,366.43, and Nasdaq climbed by 208.89 points, to 7,291.59. Radio and TV issues rose. But, Entercom was left out of the gains.

Another New Post-BK Low For Cumulus

Tuesday's Closing Bell on Wall Street brought some not-so-positive news to investors in Cumulus Media. Come tomorrow morning, CMLS will be opening at its lowest price since it began the resumption of trading on July 30.

Salem Dividend News Fails To Stem Slide

If you're a holder of Salem Media Group shares, there's a small bit of news: You're due to receive a cash dividend for Q4 on December 21. Here's the bad news: Salem shares are at a nearly seven-year low. Entravision and Beasley were also beastly on Monday.

Cumulus Stock Included In Wednesday Recovery

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.
Wall Street

Pre-Turkey Turnaround Brings Rebound For Beasley, Entercom

After two days of punishing declines, a rebound was seen entering the final hour of trading on Wednesday, ahead of the Thanksgiving Day holiday. It was good news for Beasley Media Group and Entercom Communications.
Wall Street

A Red Day For Media Stocks

U.S. financial markets slumped on Monday, with the Dow Jones Industrial Average sliding 395.78 points to 25,017.44, and Nasdaq off 3% with a 219.40-point slump to 7028.48. Many media companies significantly lost ground, including Entercom and Nexstar.

More Instability On Wall Street For Beasley, Veritone

It's been a difficult autumn on Wall Street for AI-powered data attribution firm Veritone Inc., which works with broadcast TV and radio, and one of the radio industry's biggest players: Beasley Broadcast Group. Declines were once again seen on Friday for these two companies.

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