Profit Takers Leave Their Mark At Week’s End


    Friday’s action on Wall Street was marked with sales, as investors opted to cash in on recent improvements from some of the radio and TV industry’s key players. At  iHeartMedia,  shares fell 6.9%, to $1.22, after the company enjoyed a nice improvement for the week. Meanwhile,  Nexstar Media Group  dipped 1.4%, to $70, while  Meredith Corp.  declined 1.6%, to $62.70. Sinclair Broadcast Group  shares were off 3.9%, to $41.25, as investors reacted negatively to the company’s pricing of an underwritten public offering of 12 million primary shares of Class A common stock at a price to the public of $42

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    Profit Takers Leave Their Mark At Week’s End

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