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.
The wild Wall Street rollercoaster ride that's perhaps more intense than the Coney Island Cyclone roared on Wednesday, as the Dow Jones Industrial Average soared 617.70 points to 25,366.43, and Nasdaq climbed by 208.89 points, to 7,291.59. Radio and TV issues rose. But, Entercom was left out of the gains.
Ever since Townsquare Media revealed that its CEO duties come Feb. 1 will be held solely by one individual — Bill Wilson — the radio station owner's stock has been on a comeback. The company's shares climbed again on Monday.
The company formerly known as Gannett saw its Board of Directors today declare a dividend payable on April 1, while Nielsen — a company that is strategically reviewing both its struggling Buy and profitable Watch segments — saw its Board on Friday OK a dividend payable March 21.
Bryan Wiener is gone as CEO. So is all of the momentum fueling a two-month jump in share value at Comscore. Since topping $23 on February 25, Comscore shares have steady retreated. Now, nearly all gains since Christmas 2018 have been wiped out.
Beasley Broadcast Group shares failed to gain ground following the company's release of its Q1 earnings, earlier this week. Now, BBGI is within 10 cents of its April 25 close of $3.52.
It's a lightly traded issue on Nasdaq. Still, Saga Communications shares are considered to be "near fair value" by analysts, Yahoo! Finance notes. Is that less than stellar news, as SGA continues to struggle with a recovery from a five-year low?
If you like big dividends, perhaps acquiring shares of CBS Corp. stock over the next 60 days is of interest to you. CBS Corporation's Board of Directors on Thursday approved a quarterly dividend on the company's stock that could excite some investors.
As recently as Sept. 3, a $95.26 close was seen for Nexstar shares, as the company sought to gain back share gains that started in late February that had all but evaporated. Eight days later, NXST is in full rebound mode, with a healthy gain seen Wednesday.
The multimedia company with two cable TV channels and a host of radio stations superserving African-Americans, in addition to a large casino resort just to the south of Washington, D.C., will release its third quarter results on Nov. 7.
With the company's stock price stuck at its lowest levels since July 2009, executives at Salem Media Group hope to drum up support from institutional investors by presenting at a pair of upcoming investor conferences.
In an announcement distributed just after the Jan. 9 Closing Bell on Wall Street, Cumulus Media revealed that EVP/CFO John Abbot will exit the company following the distribution of its Q4 and full-year 2019 results. Since then, the radio broadcasting company's stock has been in a free-fall. There's no word of yet as to who will succeed Abbot.
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.
Nexstar Media Group's Board of Directors has signed off on a sizable quarterly cash dividend — a positive sign that came just before the latest setback for media stocks on Wall Street.
It's June 30, and that marks the end of fiscal 2020 for many business. And, it marked a good day for media stocks on Wall Street.