Media Stocks Move Ahead, Except For ETM


Broadcasting companies publicly traded on Wall Street were largely up at the Closing Bell on Tuesday. One company, however, sticks out for another dip in value.

That would be Entercom.

Shares dipped 2.2% to $2.28 in heavier-than-average trading of 2.41 million. Average trading for Entercom is 1.93 million shares.

In contrast, Cumulus Media enjoyed a 3.3% gain as shared reached $9.14, and iHeartMedia gained 5 cents, to $12.45.

On the TV side, it was another banner session for Nexstar Media Group, with gains also seen by Sinclair Broadcast Group.