Monday saw declines on Wall Street for a big radio-industry pure play and a company that is now tangled up in a bitter dispute involving one of the biggest Hispanic media companies in the U.S., and a DBS provider who is crying foul over a new retransmission fee agreement.
Off 5.4% to $10.60 is Beasley Broadcast Group.
Volume was higher than average with 23,483 shares traded. The trading average for BBGI is 10,106 shares.
Beasley went ex-dividend on June 28, and the company’s stock has largely bounced between $12.75 and $9.90 since late January.
Meanwhile, Entravision Communications saw its shares dip 4% to $4.80 after it became known that all of its Univision and UniMás-affiliated stations have been prevented from reaching DISH Network subscribers thanks to a retransmission fee negotiation impasse involving the DBS provider and Univision Communications.
Entravision is the largest affiliate partner of Univision.
EVC shares have been between $4 and $5 since mid-March, when it slid from the $6.30 level. It had not been below $6 a share since mid-November. Meanwhile, it was September 2014 when Entravision shares were consistently at their present trading level.
For a look at today’s Closing Prices, please view the Wall Street Report on the homepage of RBR.com
