TV’s Top Owners Buck Downward Stock Moves


Media companies were largely on the decline in Monday’s trading, as Audacy was down 32 cents and Cumulus Media shed 30 cents.

For two of broadcast TV’s biggest players, Wall Street green was seen.

Sinclair Broadcast Group, which has a MOU with Bally’s Corp. for non-play by play content collaboration in place, saw its shares rise 12 cents to $29.96.

Meanwhile, Nexstar Media Group had another positive session on Wall Street. Its shares ended the day at $151.50.