Nexstar, Emmis Combat Friday Stock Market Slide – Radio & Television Business Report

U.S. financial markets continued their highly volatile ups and downs on Friday, with the Dow Jones Industrial Average falling 572.46 points to 23,932.76. The Nasdaq composite index was off 161.44 points, to 6,915.11.

While many media companies were swept up in the declines, two stick out as advancers: Nexstar Media Group and Emmis Communications.

As of 3:37pm Eastern, Nexstar was up 55 cents, to $65.25, as company leaders prepared to travel to Las Vegas for the 2018 NAB Show.

Volume was lower than average at about 448,000 shares.

Nexstar shares have suffered in Q1, and are due for a rebound, continuing a give-and-take pattern seen over the last five years.

For Emmis, an 11-cent jump puts the company’s shares at $4.62.

Also up: Viacom‘s Class B shares, which were ahead by 13 cents to $30.90 at the Closing Bell.

Saga Communications was down 25 cents, to $36.55, after earlier gains.

But, the day’s biggest decliner was Amazon. The eCommerce giant and owner of the Prime video OTT service was down $46.52 to $1,405.23 as the company battles the White House over business practices and the Jeff Bezos-owned Washington Post.

For a full look at Friday’s closing prices we invite you to review the Wall Street Report on the homepage of RBR.com.

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