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These charts, from an online site called MediaVillage.com lists what TV and radio stocks in the U.S. were worth in 2019 and what you'd expect if you invested in them today. As Corus in Canada has discovered, the picture isn't one you'd want to frame.
In only a few limited instances has the value of these broadcasters gone up. And even then, not by much. Most have seen their worth spiral and in some cases, by a lot. Only Townsquare seems to have thrived to any extent, while some investors could have an iHeart attack looking at their results. The fact that Audacy has been delisted speaks volumes.
TV
RADIO