Wednesday, August 01, 2007

Television company stocks falling

The communications companies that own the Joplin-area television stations have seen stock prices falling for the past few weeks.
At the close of trading Tuesday, Saga Communications, owner of KOAM and KFJX, but primarily a radio company, was selling for $7.35 per share down from a little over $10 only a few weeks ago, and 27 cents lower than the previous day.
The news was better for Nexstar Broadcasting, owner of KSNF in Joplin and KSFX in Springfield, and de facto owner of KODE in Joplin and KOLR in Springfield, closed at $10.25, up 13 cents from the close of trading Monday, but considerably lower than the close to $15 per share it reached a few weeks back.

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