For a second consecutive day, radio stocks are enjoying something of a rally on Wall Street. After jumping 2.4% on Monday, Beasley Broadcast Group rose another 2.3% Tuesday to close at $10.95. Cumulus Media, which has been in a serious stock slide and has fallen out of compliance with NASDAQ’s minimum listing threshold, improved 3.6%..
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Radio Groups Enjoy Second Day Of Wall Street Winnings.
Stolz, Citing Colbert, Questions CBS Radio Spinoff.
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CBS is pushing back against an attempt by California radio station owner Ed Stolz to use recent comments by “The Late Show” host Stephen Colbert about President Trump to derail the company’s sale of CBS Radio to Entercom. Stolz says the May 1 “Late Show” broadcast raises questions about whether CBS has the basic qualifications..
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