Skip to main content

TV Stock Snapshot: Edging Back Up After Financials Effect

Television stocks are tracking the overall market, though at a bit wider margin. Between Jan. 16 close and this morning’s opening bell, TV station stocks fell roughly 10 percent on average. The Dow during the same period slipped just over 2 percent. Inauguration day, last Tuesday, was a particularly rough day on the big boards, with fears over the flailing financial sector sparking a sell-off. Much of the decline was led by America Depository Shares of U.K. banks, as the government there propped them up for the second time.

Indexes are now inching back up from this latest bail-out shock, though GE’s poor 4Q showing, announced late last week, slowed the rally.

NAMESymbol1/26 Open1/16 close% ChMktCap(mil)ACME CommunicationsACME$0.30$0.300%$4.81Belo Corp.BLC$1.80$1.810%$188.06CBS Corp.CBS.A$6.29$7.28-14%$4,349.36CBS Corp.CBS$6.25$7.20-13%$4,403.69Entravision CommunicationEVC$0.77$1.22-37%$72.08Equity Media Holdings Corp.EMDAQ$0.01$0.010%$0.32Fisher CommunicationsFSCI$17.98$19.21-6%$161.97Gannett Co., Inc.GCI$6.73$7.59-11%$1,610.50General Electric Co.GE$12.48$13.96-11%$130,883.29Gray Television, Inc.GTN.A$1.22$1.220%$19.96Gray Television, Inc.GTN$0.46$0.460%$18.45Grupo Televisa, S.A. (ADR)TV$14.88$14.850%$8,452.10Hearst-Argyle TelevisionHTV$4.22$4.75-11%$393.66ION Media Networks Inc.IION$3.00$3.000%$205.60Journal CommunicationsJRN$1.96$2.11-7%$114.12LIN TV Corp.TVL$1.04$1.41-26%$50.85Media General, Inc.MEG$2.53$2.88-12%$63.77Meredith Corp.MDP$17.41$18.82-7%$779.17News Corp.NWSA$6.75$8.02-16%$18,660.79Nexstar Broadcasting GroupNXST$0.75$0.77-3%$20.18Saga CommunicationsSGA$1.12$1.49-25%$17.70Shaw CommunicationsSJR$16.81$17.27-3%$7,138.52Sinclair Broadcast GroupSBGI$2.10$2.73-23%$182.51The E.W. Scripps Co.SSP$1.73$2.01-14%$103.33The McGraw-HillMHP$20.40$21.44-5%$6,418.94The Walt Disney Co.DIS$21.08$21.46-2%$39,504.90The Washington Post Co.WPO$405.25$408.24-1%$3,919.54Young BroadcastingYBTVA$0.05$0.050%$1.07