Mixed Movement for Media Stocks


U.S. financial markets finished Wednesday’s trading session on a mixed note, with the Dow Industrials rising 16.02 to 33,426.26 and the Nasdaq dipping 9.54 points to 13,688.84.

Companies such as The E.W. Scripps Co. were in the green, with a $20.16 finish, as Nexstar continued its impressive growth with a $145.71 conclusion to the day’s trading.

In contrast, TEGNA was down 30 cents to $19.90 after a fresh five-year high.

Also down: several radio broadcasting companies. Saga Communications shares are at $21.25, dipping 55 cents. Audacy, formerly Entercom, shed 17 cents to finish at $5.07.