moody's CBS Moonves

In a week with an unpredictable market, Cablefax’s breakdown of percentage gains and losses among media and telecom stocks last week showed that three broadcasters were hardest hit, with Entravision leading the charge. It closed at $6.68 per share, down 8.94%. Gray Television also declined despite its pending acquisition of TV and radio holding company Schurz Communications. The broadcaster’s share price had been up 23.23% increase the week prior after the deal was announced. Sinclair came in third, with a $25.28 share price and 7.16% decrease.

Top winners for last week included Blonder Tongue, at $.68 a share and a 25.93% increase; Shentel at $42.97 per share and 9.26% increase; and HSN at $59.50, a 3.3% increase. A report on September 18 from Brean Capital said that recent pressure on HSN stock might be unwarranted and that investors should take advantage and purchase shares—a note that could have resulted in the stock’s favorable position at Friday’s market closure.

Winners

1. BLNDER TONGUE:…………………………………………………0.68……… 25.93%
2. SHENTEL:……………………………………………………………42.97……….. 9.26%
3. HSN:……………………………………………………………………59.50……….. 3.30%
4. CISCO:………………………………………………………………..26.03……….. 1.90%
5. CROWN:………………………………………………………………..5.14……….. 1.58%

Losers

1. ENTRAVISION:………………………………………………………6.68………(8.94%)
2. GRAY TELEVISION:……………………………………………..12.63………(8.08%)
3. SINCLAIR:……………………………………………………………25.28………(7.16%)
4. MSG:…………………………………………………………………..70.81………(6.83%)
5. GRUPO TELEVISA:………………………………………………27.01………..(6.8%)

The Daily

Subscribe

NFL Ratings Down

NFL ratings may be down, but that doesn’t necessarily spell doom and gloom for the league and its broadcast partners. Its Week 1 ratings fell 7.5% YOY, down 3% from 2018 and 4% from 2017. However, analysts

Read the Full Issue
The Skinny is delivered on Tuesday and focuses on the cable profession. You'll stay in the know on the headlines, topics and special issues you value most. Sign Up