Broadcasting Stocks

The board of directors of The E.W. Scripps Company, which has put all of its radio stations up for sale, has declared a cash dividend for Q1 2018. This will mark the first time the company has paid a quarterly dividend in a decade.

U.S. financial markets enjoyed a positive mid-week trading session on Wednesday, as the Dow Jones Industrial Average gained 230.94 points, to 24,264.30, and the Nasdaq composite index was ahead by 100.83 points, to 7,042.11. Important gains came from Entercom and Townsquare Media.

With all eyes on Entercom stock, bargain hunters swooped in to give the radio broadcasting company a much-needed gain on Wall Street. With the Closing Bell on Tuesday, ETM shares were up 6.2% from Monday. A columnist at MarketWatch may be to thank.

Artificial Intelligence-powered media attribution and analytics company Veritone Inc. has certainly seen roller-coaster like activity for its stock since an IPO in mid-May 2017. Now, the up and down activity for VERI shares has gone into a canyon again.

A detailed article appearing late Friday in The New Yorker that details alleged sexual misconduct by CBS Chairman/CEO Les Moonves continued to wreak havoc on the company's stock. One Wall Street financial house downgraded CBS shares over the matter, while CBS's Board of Directors opted to hire outside counsel for a probe of Moonves, who isn't going anywhere.

The California-based multimedia company specializing in Christian and conservative content will be rewarding stockholders with a dividend payment. It will be paid on September 28 to all Class A and Class B common stockholders of record as of September 17.

The Dow Jones Industrial Average gave up 327.23 points, to 25,379.45. Nasdaq was off 157.56, to 7,485.14. How did radio and TV issues do? Click here for more.

When it comes to the overall action on Wall Street and that of radio station owner Beasley Broadcast Group, there seems to be a bit of divergence. Early Thursday, with financial markets down sharply, Beasley was in positive territory. Then, the market started to rebound. Beasley shares promptly headed southward.

On Tuesday, Townsquare Media will present at another important investor conference in warm South Florida. But, there's something a bit different about this jaunt to the land of palm trees and reggaetón beats: Townsquare will be showing off its merits to money men and women without Dhruv Prasad.

Two of the most high-profile radio broadcasting companies lost ground on Thursday as companies such as Sinclair Broadcast Group and Gray Television report strong Q4 earnings that have propelled their stock prices skyward. What was the damage for Beasley and Entercom?

As 2019 began, Beasley Broadcast Group shares began to rise toward the $5 mark. By February, a decline was seen, with attempts of a rebound seen through March 11. Since then, BBGI has been on a steady slide, even with a target price well above its current trading level.

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.

At the Closing Bell on Monday, Emmis Communications shares were up nearly 20%, finishing at their highest value in more than four years. That's thanks to the creation of a newly formed company that sees Soo Kim's Standard General take 76% ownership.

Within the next few business days, Meredith Corp. is expected to release its fiscal Q4 2019 earnings report. With a date still unknown as of noon Thursday, the owner of local TV stations in 12 DMAs -- presently blocked from DISH subscribers -- declared a regular quarterly dividend.

With its stock price hovering at close to $2 after a late-August fall to below $1.50, Salem Media Group has been struggling to recover from not only a fresh five-year low but its lowest closing prices in a decade. Now, the company is shrinking its board to reduce costs.