Another Tough Session For Radio Stocks


Spanish Broadcasting System and Cumulus Media now have something in common that goes beyond the ownership of FM stations in America’s top markets. Both companies have a stock price of $1, going into Friday’s Opening Bell.

The troubles continued for SBS, with shares sinking 5 cents to the $1 mark, while CMLS shares were unchanged from Wednesday’s close.

Additionally, Beasley Broadcast Group shares tumbled 95 cents, to $8.85, on higher-than-normal volume. It was not immediately apparent as to why the sale-off occurred.

But, there was good news for radio’s top player, as fantastic Q4 results resulted in a 10-cent jump for iHeartMedia, finishing at $1.20.

Meanwhile, TV industry companies continue to enjoy positive vibes from investors, with Nexstar up $1, to $69.50, and Sinclair rising $1.25, to $39.80.

The RBR Radio Index fell 6.654, or 1.16%, to 567.751.
The TVBR Television Index rose 6.074, or 0.59%, to 1032.189.


iHeart, up 9.1%
Sinclair, up 3.2%
Nexstar, up 1.5%



Beasley, down 9.7%
SBS, down 5.2%
Entercom, down 1.9%