Chicago, Illinois-based Tribune Media Co.'s stock finished Wednesday's session 0.31% lower at $28.89. A total volume of 1.30 million shares was traded, which was above their three months average volume of 840,830 shares. The Company's shares have advanced 2.79% over the previous three months. The stock is trading below its 50-day moving average by 1.46%. Furthermore, shares of Tribune Media, which through its subsidiaries, operates as a media and entertainment company in the US, have a Relative Strength Index (RSI) of 45.26.
On December 20th, 2016, Tribune Media announced that it has agreed to sell substantially all of its Digital and Data business operations, comprised of Gracenote video, music, and sports, to the Nielsen Company for $560 million in cash, subject to customary purchase price adjustments. Tribune Media will retain its ownership of the business-to-consumer websites, Covers.com and ProSportsDaily.com. Tribune Media expects to receive approximately $500 million in after-tax proceeds from the transaction, the majority of which will be used to repay existing debt with the remainder to be reinvested in the business. The free research report on TRCO is available at:
E. W. Scripps
Shares in Cincinnati, Ohio headquartered The E. W. Scripps Co. ended at $19.26, jumping 4.33% from the last trading session. The stock recorded a trading volume of 713,829 shares, which was higher than its three months average volume of 596,150 shares. The Company's shares have gained 0.78% in the last one month and 38.06% over the previous three months. The stock is trading 6.37% above its 50-day moving average and 16.70% above its 200-day moving average. Moreover, shares of E. W. Scripps, which together with its subsidiaries, operates as a media enterprise with a portfolio of television, radio, and digital media brands, have an RSI of 58.70.
On January 23rd, 2017, Cracked, a wholly owned subsidiary of The E.W. Scripps Company, announced that it is now available in the Apple TV App Store, giving fans a new way to enjoy social commentary and news through a comedic lens. Cracked has more than 1.4 million subscribers to its YouTube channel and is tracking tremendous audience engagement on other OTT platforms including Roku, Pluto TV, and Xumo. The complimentary report on SSP can be downloaded at:
NExstar Media Group
Irving, Texas headquartered NExstar Media Group Inc.'s stock ended yesterday's session 2.17% higher at $63.50. A total volume of 1.05 million shares was traded, which was above their three months average volume of 697,030 shares. The Company's shares have advanced 1.44% in the past month, 22.72% in the previous three months, and 0.32% since the start of this year. The stock is trading 3.17% above its 50-day moving average and 17.80% above its 200-day moving average. Additionally, shares of NExstar Media Group, which operates as a television broadcasting and digital media company in the US, have an RSI of 54.75.
On January 17th, 2017, Nexstar Broadcasting announced that it completed its previously announced acquisition of Media General, Inc. in an accretive cash and stock transaction valued at approximately $4.6 billion. The combination creates a leading, diversified local marketing and content platform. Reflecting its broadened base of operations and capabilities, Nexstar has changed its name to Nexstar Media Group, Inc. The Company's shares will continue to trade on the NASDAQ Global Select Market under the symbol "NXST".
On January 18th, 2017, research firm Wedbush reiterated its 'Outperform' rating on the Company's stock with an increase of the target price from $66 a share to $75 a share. Visit us today and download our complete research report on NXST for free at:
At the close on Wednesday, shares in Englewood, Colorado-based Liberty Broadband Corp. recorded a trading volume of 362,795 shares. The stock finished 0.83% higher at $80.19. The Company's shares have advanced 7.11% in the last one month, 17.27% over the previous three months, and 8.26% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 9.22% and 21.23%, respectively. Furthermore, shares of Liberty Broadband, which provides video programming, Internet, voice, and advanced video services to residential and commercial customers in the US, have an RSI of 75.45. Get free access to your technical report on LBRDK at:
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