With a widely known consensus outlook that indicates a year-over-year decline in Q3 earnings, due to lower revenues, Zacks Media Research says it is important to view how Cumulus Media's actual results compare to these forecasts. Look for CMLS to soar if the company beats the Street.
An SEC filing indicates that a subsidiary of Atlantic American Corp. is now a significant shareholder of Gray Television stock. The company's shares were in positive territory for all of Thursday, closing up 3.4% to $21.45 — its highest price since early May.
A January 2020 employment report showing 225,000 new positions created in the month -- greatly besting economic forecasts and flying in the face of widely reported layoffs at such companies as iHeartMedia -- couldn't deter a downswing for general indices on Wall Street. How did radio and TV stocks perform on Friday?
U.S. financial markets enjoyed a healthy session on Friday, with the Dow Industrials improving by 3%, to 24,242.49, and the Nasdaq rising by 1.4%, to 8,650.14. How did media stocks perform?
Ongoing economic concerns expressed by the Federal Reserve, coupled with fresh jobless claims numbers, sent the Dow Industrials sinking by 6.9% on Thursday. Nasdaq was off by 5.3%. How did media stocks fare? Carnage was seen across the board.
With broadcast TV station owner E.W. Scripps Co. releasing its Q2 2020 results on Friday, investors pushed shares upward across Thursday's trading. Strong retrans dollars and anticipated political revenue is expected to bring Scripps, and other TV companies, a formidable recovery across the remainder of the year.
U.S. financial markets finished the week on a down note, as investors sought to digest the news that President Trump and the First Lady have each tested positive for the COVID-19 virus. How did media stocks fare? Click "read more" for a glance at Friday's final prices.
Normally, Daniel Jones and his Crude Value Insights focuses on oil and gas companies. Yet, he's offered an in-depth assessment of Entercom's fiscal health and has a conclusion with respect to its worthiness as an investment opportunity for those who play the stock market. His conclusion? "There are better prospects out there."
Salem Media Group, the media company known for its Christian-themed and conservative Talk radio stations, has selected when it will issue its fourth quarter and full-year 2020 financial results. The announcement came after Salem shares on Wednesday hit their highest closing price since September 2018.
The owner of NewsNation, former Tribune stations such as KTLA-5 in Los Angeles and WGN-9 in Chicago, and key legacy properties including KOIN-6 in Portland, Ore., is rewarding its shareholders with a hefty quarterly cash dividend.
Cumulus Media, the radio industry's second-biggest player by number of stations, on Thursday afternoon released lackluster Q4 and full-year 2016 results. Investors responded on Friday by sending shares of CMLS down 16.6%.
It was a down day for two big broadcast TV companies, as CBS Corp. and Nexstar Media Group each saw respective declines on Wall Street Tuesday (5/2). In contrast, on the radio side, Cumulus Media and iHeartMedia each saw respective rebounds.
The bulls are running on Wall Street, and with the Dow Jones Industrial Average and Nasdaq composite index each moving upward, media stocks saw big gains. Among the top performers were Veritone and Entravision.
It was a difficult day on Wall Street for both Pandora Media and Discovery Communications, as both companies released second-quarter earnings that will likely see displeasure from many shareholders. Also on Wall Street today, Urban One was down, as was TEGNA.
With a declaration that he's not concerned about ratings for 2017-18 National Football League telecasts, CBS Corp. Chairman/CEO Les Moonves doubled down on his company's sports delivery mission by saying his network will focus on news and scores and not on analyst discussion and debate with the launch of a sports-focused OTT service. Investors yawned, and sold off their CBS shares.