Broadcasting Stocks

The overall mood for investors was positive on Tuesday, as the Dow Jones Industrial Average and Nasdaq both posted higher numbers. iHeartMedia continued to climb, while Cumulus continued to slide.

U.S. financial markets sailed southward on Thursday, as the Dow Jones Industrial Average fell 23.69 points, to 20,919.42, and the Nasdaq Composite declined 13.18, to 6,115.96. The retailer sector suffered significant declines, and some of these companies could be one of your key advertisers—like Kohl's.

U.S. financial markets experienced a rather tepid trading session on Thursday, as the Dow Jones Industrial Average slipped 12.74, to 21,397.29, and Nasdaq inched ahead 2.73, to 6,236.69. Among the highlights in the media sector was another move in the right direction for Pandora Media.

As the Closing Bell rang on Wall Street Friday, one thing was clear: U.S. financial markets were sailing southward. Yet, the biggest radio industry players were enjoying upward momentum. An up-sizing of an offering tied to iHeartMedia may have helped that company's stock rise more than 10%.

While the overall markets were mixed on Friday, AI technology company Veritone Inc. soared to another new record high, leaping nearly 5% on word that Quantum Corp.'s aiWARE for Xcellis, a cloud-based version of the artificial intelligence platform from Veritone, earned a "Best of Show Award" at IBC2017 in Amsterdam. Award criteria included innovation, feature set, ease of use, versatility and value/ROI.

Wednesday's magic word for media companies was "mixed." Up and down activity abounded, with Sinclair Broadcast Group down as investors reacted to a somewhat downbeat Q3 report card issued early Wednesday by the company seeking to merge with Tribune Media. Emmis Communications was up, while Entercom and iHeart each declined. Click here for the details.

The publicly traded "stub" of iHeartMedia stock fell again in Monday's trading. At the Closing Bell, it reached a new low on lighter-than-average trading volume. Pandora, SBS, and Salem also had difficult starts to the week on Wall Street.

Money down the drain? Perhaps that's the case for some investors, as a wide range of radio and TV companies each suffered big losses on Wall Street to end the week. Among the most significant drops were those for CBS Corp., Veritone, Discovery Networks, Entercom, and Viacom's Class B shares. What's to blame? Or, should the question be "who"?

It's been a rough 3 1/2 months on Wall Street for Nexstar. After climbing as high as $81.75 on January 15, the broadcast TV company's shares have stumbled. With Wednesday's finish, Nexstar has now effectively wiped out any growth in its share price seen since late November 2017.

May 2 marked another trading session on Wall Street full of ups and downs for media companies. Among the companies in the green is an iconic tower owner that has enjoyed stability with its stock for much of the last year.

One highly influential Wall Street financial house on Monday put this conservative and Christian-themed media company under the microscope to see if it indeed has low PEs, solid outlooks, and decent dividends. "Fortunately for investors looking for this combination, we have identified a strong candidate which may be an impressive value," Zacks declares.

Townsquare Media has filed documents with the Securities and Exchange Commission that reflect the radio and local digital media company's desire to initiate a tender offer valued at precisely $76,472,805.50. It involves a proposal to exchange eligible options for replacement options.

U.S. financial markets moved downward on Thursday, as the Dow Jones Industrial Average fell 0.30% to 25,656.98. The Nasdaq composite index lost 0.13%, ending the day’s trading session at 7,878.46.

U.S. financial markets finished the first week of Q4 2018 on a downbeat note, as the Dow Jones Industrial Average dipped 180.43 points, to 26,447.05. Nasdaq was off 91.06 points, to 7,788.45. Media shares were mostly on the decline.

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.