U.S. financial indices gained ground in Thursday's trading on Wall Street, with the Dow Jones Industrial Average up 181.09 points to 25,720.66. Nasdaq was up 40.08 to 7,615.55. How did media stocks fare?
In the year since its emergence from bankruptcy, Cumulus Media has done much to reduce its outstanding debt. On Wednesday, the company headed by CEO Mary Berner took a giant step in further reducing that outstanding balance.
It's been eight weeks since Comscore CEO Bryan Wiener and President Sarah Hofstetter exited, resulting in a severe destabilization of the company's stock. The last 30 days have hardly been better: A steady decline started May 9 and has yet to stop.
At 1pm, Entercom shares were down to $5.62, their lowest point since April 3, when ETM began a month-long rally. Those gains have been wiped out. Can a newly announced quarterly dividend provide a spark to a stock that's been sputtering of late on Wall Street?
While Saga shareholders may not be wholly pleased with where the company's shares are today, they will most certainly enjoy the benefit of a healthy quarterly cash dividend to be paid in a matter of weeks.
Beasley Broadcast Group shares have not been this low since January 2012. That's not stopping the radio station owner's board of directors from declaring a quarterly cash dividend for its stockholders.
Several proposals were submitted to Urban One stockholders at the 2019 Annual Meeting of Stockholders, held on May 21. The company disclosed what the results were in an SEC filing on Tuesday, and we've got the details for you here.
It was mid-July 2018 when Nielsen shares were last above $30 a share. Its 1-year target estimate is just under $28, but attempts at reaching this price have consistently fallen short since fall 2018. Now, NLSN opens Tuesday with share prices at a fresh year-to-date low.
Of all of the strong and steady growth stories seen on Wall Street over the past five years, American Tower -- a company founded by the late Steve Dodge -- has perhaps the best success story. In June 2014, shares were approaching $90. Now, they are over $200 a share.
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.
It's been said by many long-term investors that the best time to buy is when a company's stock is viewed as largely undervalued, and there's much upside in the forecast.That's likely what is driving one of Saga Communications' largest institutional shareholders to snatch up more stock at bargain values, as the radio broadcasting company struggles to bounce back from an all-time low.
Lord have mercy: Salem Media Group shares fell sharply in the final two hours of Wednesday's trading, with SALM off by 9.7% with just minutes to go. Volume was higher than usual, suggesting Mario Gabelli and GAMCO or Dimensional Fund Advisors may have sold some shares.
On April 23, Salem Media Group shares tumbled to $1.85. On May 13, a recovery appeared to be taking shape, as shares rose to $2.49 on Monday. Twenty-four hours later, it appears Salem's Wall Street turnaround has been put on pause -- at least for a day.
U.S. financial markets slumped to start the trading week as worries over Chinese tech company Huawei clouded investor concern that a combined Sprint and T-Mobile, which FCC Chairman Ajit Pai and Commissioner Brendan Carr voiced approval of, would put a dent in DISH.
For comScore, it's been a brutal fourweeks. On March 18, shares were just under $22. Today, SCOR is struggling to get back over the $11 mark. On Friday, a small gain was seen for the company's battered stock.