The start of 2020 wasn’t a great one for the nation’s publicly traded radio and TV stations.
While markets were up overall, dips were seen for a host of media companies.
The Dow Jones Industrial Average climbed 330.36 points to 28,868.80; Nasdaq was up 119.58 points, to 9,092.19.
Companies such as Cumulus Media, iHeartMedia, Nexstar, Scripps and TEGNA went in the opposite direction.
CMLS fell 62 cents to $16.95, while, NXST slipped $2.23 per share to $115.02.
SSP declined by 69 cents, to $15.02, as TGNA was down by 33 cents, to $16.36.
Among the few advancers was Viacom, up 12 cents to $42.09.