Jim Cramer

A Day Worth Forgetting On Wall Street

With circuit breakers triggered within the first 15 minutes of trading on Monday as worried investors initiated a massive sell-off of stocks, the Dow Industrials ended the day down 12.9%, finishing at 20,188.52. Nasdaq was off 12.3%, to 6,904.59. How bad was the trading session for media companies? Don't ask David Field.
Wall Street

Wall Street Instability Continues Through Friday’s Lunch Hour

It's been a heck of a March thus far for media stocks on Wall Street. Violent dips and small recoveries have been seen for the last two weeks, and midday trading on Friday saw the overall market improve from Thursday's dismal drubbing. How did radio and TV companies fare as of lunch time? Don't look at Salem or Townsquare Media today.
Stocks

Markets Continue to Fall

U.S. financial markets moved downward on Friday, as the Dow Jones Industrial Average fell 9.99% to 21,200.62. The Nasdaq composite index lost 9.43%, ending the day’s trading session at 7,201.80. Trading was suspended from 10:15-10:45 this morning due to triggers designed to prevent the market from falling too far in a given time.
Stock Market

Markets Are Down Again

U.S. financial markets moved downward on Friday, as the Dow Jones Industrial Average fell 5.86% to 23,553.22. The Nasdaq composite index lost 4.70%, ending the day’s trading session at 7,952.05.
Stocks

Markets Bounce Back

U.S. financial markets moved ahead on Wednesday, as the Dow Jones Industrial Average rose 4.89% to 25,018.16. The Nasdaq composite index gained 4.95%, ending the day’s trading session at 8,344.25.
Stock Market

Markets End Another Day Down

U.S. financial markets moved downward on Monday. OK, you know the story - the Dow Jones Industrial Average plunged 7.79% to 23,851.02. The Nasdaq composite index lost 7.29%, ending the day’s trading session at 7,950.68.
Stocks

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.
Stock Market

Markets End The Day Down

U.S. financial markets moved downward on Thursday, as the Dow Jones Industrial Average fell 3.58% to 26,121.28. The Nasdaq composite index lost 3.10%, ending the day’s trading session at 8,738.59.

Cumulus Stops Its Share Slide With An Important Gain

The last six months haven't been pretty for Cumulus Media shareholders. That's why a gain on Wednesday was a win, as it reversed a steep dip that started at the start of 2020.

TEGNA Top Brass Prepares For a Palm Beach Sojourn

What do Bill Wilson of Townsquare Media and Dave Lougee, President/CEO of TEGNA, have in common? Both media leaders will be in Palm Beach, Fla., on Tuesday, March 10. A visit to Mar-a-Lago is unlikely.

Entercom Sticks With its Diminished Dividend

In mid-August 2019, Entercom Communications shares slid on word that the audio media company's board of directors had slashed its regular quarterly dividend to 2 cents per share, from 9 cents. It appears Entercom is sticking with giving its stockholders its two cents.
Chart

Wall Street’s Big Comeback: Where Were Radio, TV?

U.S. financial markets soared in a major way on Monday, as coronavirus-fueled losses seen last week brought out the bargain hunters. The result: a 5.1% gain in the Dow Jones Industrial Average, while the S&P500 improved by 4.6% and Nasdaq was up by 4.5%. How did radio and TV businesses fare?
Wall Street / Trading Floor

A Week On Wall Street To Forget

U.S. financial markets took a beating this week, with general indices falling again on Friday. What did the day look like for media stocks? Click here for details.
David Zaslav

Discovery Shares Slump Following Q4 Results Release

Discovery Communications, by all accounts, had a solid fourth quarter. It's per-share earnings surpassed the Zacks Consensus Estimate by five cents, while also narrowly beating Zacks' Q4 revenue projection. That couldn't stop investors from selling the MVPD-heavy company's stock.

Scripps Sparks Share Repurchase Program, Declares Dividend

The board of directors of Cincinnati-based television broadcaster The E.W. Scripps Company has authorized a new share repurchase program. At the same time, it declared a cash dividend for the first quarter of 2020 — two days ahead of Scripps' release of its Q4 and full-year 2019 financial results.

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