Markets Start The Week Ahead
U.S. financial markets moved ahead on Monday, as the Dow Jones Industrial Average rose 1.01% to 26,049.64. The Nasdaq composite index gained 0.91%, ending the day’s trading session at 8,017.90.
Wall Street Swamped By Red Tide As Nasdaq Crumbles
As Hurricane Michael lashed Panama City Beach, Fla., and towns to the east of this onetime Spring Break haven, lower Manhattan was swept up in a wave of sell-offs in the technology and internet sector. The Nasdaq index sank by more than 4%. Impacted by the big dip: Veritone Inc., among other companies.
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.
Is TEGNA A Great Value For Investors?
According to Zacks Equity Research, TEGNA is one company for investors to keep their eye on. Why? Here's what they had to say about the broadcast TV company rumored to be bidding for Cox Media Group's 14 TV stations.
Sinclair Stock Returns To Pre-Tribune Trouble Levels
With Nexstar getting Tribune and the Apollo Group/Cox Enterprises operation set to get Nexstar's necessary divestments to win regulatory approval, what's up with Sinclair Broadcast Group? For one, its stock year-to-date is on a roll, recovering to levels last seen when its Tribune merger was still on track.
Comscore Stock Slide Continues
The Sunday evening announcement that its CEO and President resigned -- and their LinkedIn messages citing "irreconcilable differences" with the company's board of directors -- sent Comscore shares into a tailspin on Monday. Tuesday's trading saw no improvement.
Scripps Board OKs Dividend Ahead Of Q1 Results Reveal
Early risers on Friday morning will get their first look at the first quarter results from The E.W. Scripps Co. For investors, the company's financial performance will come with the assurance that they'll benefit from a cash dividend in just a few weeks.
Nielsen Struggles To Recover From Eight-Year Low
On January 24, 2011, Nielsen shares were priced at $25. Today, investors would be pleased to see shares reach that value. It's been nearly two months since that's happened.
Interest Rate Cut Result: A Big Dip For Media Stocks
U.S. financial markets were down on Wednesday after the Federal Reserve decided to lower interest rates. The Dow Jones Industrial Average was off 333.75 points, to 26,864.27. Nasdaq was off 98.19, to 8,175.42. The majority of radio and TV company stocks were also down.
TEGNA Announces Senior Notes Offering
The media company formerly known as Gannett, which owns four radio stations in addition to 51 TV properties, intends to offer some $900 million of senior notes due 2029 in a private offering "to persons reasonably believed to be 'qualified institutional buyers.'"
TEGNA’s 7-cent Shareholder Bonus
Commenting on the decision to declare a healthy shareholder dividend, TEGNA EVP/CFO Victoria Harker said, "TEGNA continues to create value for our shareholders through our operational excellence, rigorous financial discipline, and execution on key strategic initiatives.”
A Wall Street Turkey Trot Downward For Beasley
With 30 minutes to go in Wednesday's trading, BBGI was down 4.9% to exactly $2.8251 with volume nearly three times its average. If the closing price dips below $2.82, a new 10-year low for Beasley Broadcast Group stock will be affirmed. BBGI shares haven't been this cheap since summer 2009.
Canadian Analysts Relooking Their Corus Views
The company missed its earnings per share forecasts by 7.5%. Its radio stations in key markets such as Canada's largest, Toronto, lag those of its competitors. Corus Entertainment has its challenges, and analysts in Canada are now revising their forecasts, Simply Wall Street notes.
Markets Continue to Slide
U.S. financial markets moved downward on Friday, as the Dow Jones Industrial Average fell 0.98% to 25,864.78. The Nasdaq composite index lost 1.87%, ending the day’s trading session at 8,575.62.
With Big Shareholder Meeting, TEGNA Board OK’s Dividend
With near-daily press communication from both parties advocating for the election of their respective board of directors nominees, TEGNA shareholders on Thursday will finally have their say as the TEGNA annual shareholders meeting gets underway, virtually. With 24 hours to go, TEGNA decided to sweeten its shareholders by declaring a sugary dividend.