The Dow Jones Industrial Average shed another 2.2% in value on Friday, while Nasdaq dipped by 3.1%. How did media issues fare?
Townsquare Media was down again, while Beasley Broadcast Group and Entercom were on the rise.
At the Closing Bell, shares in Townsquare were off by 10 cents, to $5.87.
That’s a fresh five-year low for the owner of mid-size and small-market radio stations.
Volume was 37,261 shares; average trading volume for TSQ is 46,528 shares.
For Entercom, a climb of 5 cents to $6.45 was seen; in immediate after-hours trading a rise to $6.46 was seen.
Still, ETM is far from its 1-year target estimate of $8.38.
Beasley’s stock finished the week at $4.78, up 1 cent from Thursday’s close. BBGI is at its lowest price since June 2016, and carries a $8 1-year target estimate.
Volume was 23,602 shares; average volume for Beasley is 38,879 shares.
How did other media stocks finish the week? Visit the Wall Street Report on the homepage of RBR.com for a look!