More Mixed Activity From Media Stocks


The first full week of April 2021 ended with up-and-down activity across the broadcast media landscape, as Audacy enjoyed its first day with a new ticker symbol by gaining ground.

For companies such as ViacomCBS however, the pain for short-term investors continues.

Audacity’s opening day saw the former ETM rise 13 cents to $5.16.

Other gainers include Saga Communications, up 10 cents to $21, and Gray Television, rising 23 cents to $19.63.

ViacomCBS’s woes continued Friday, as Peter Dunn and David Friend are officially out at CBS Television Stations. The closing price: $41.88, off 41 cents.

Other decliners include Salem Media Group, shedding 26 cents to $2.50.