A Strong Wednesday For Nexstar


Nexstar Media Group powered ahead $2 a share, to $67.40, in a trading session that also saw Spanish Broadcasting System finally end a severe dip in its stock since debuting Jan. 19 on an over-the-counter exchange. Shares in “SBSAA” closed at $1.15, up 7 cents.

The day’s biggest riser among media stocks is iHeartMedia, which improved by 8 cents, to $1.18. Cumulus Media was down by nearly a penny, to $0.99 cents.

The RBR Radio Index rose 0.781, or 0.14%, to 546.676.
The TVBR Television Index rose 6.230, or 0.63%, to 991.577.



iHeart, up 7.3%

SBS, up 6.5%

Nexstar, up 3.1%



Beasley, down 3.3%

Radio One, down 3.3%

Entravision, down 2.9%