Red Start To April For Media Stocks


U.S. financial markets started the first trading day of April on a downbeat as the Dow Jones Industrial Average fell 13.01, to 20,650.21. The Nasdaq composite was down 17.06, to 5,894.68.

Among the key movers was Townsquare Media, which dipped 2.2%, to $11.91.

The E.W. Scripps Co. was also down, with a 1.6% dip, to $23.07.

Radio One was off a sharp 6.1%, to $3.10. At the same time, iHeartMedia was down 5.2%, to $3.45.

Cumulus Media shares were flat, at 32 cents.

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