As Wall Street falls, so fall broadcasters

By on Sep, 15 2014 with Comments 0

Analysts said that investors were sitting on the sidelines Monday, awaiting readings for a series of economic barometers. So stocks were down, and most broadcasters would agree with that statement.

The RBR Radio Index fell 6.679, or 0.9%, to 778.691.

The TVBR Television Index fell 5.709, or 0.7%, to 783.287.

Winners
LIN TV, up 0.2%
Entercom, up 0.2%

Losers
Entravision, down 3.8%
Beasley, down 2.8%
Radio One, down 1.3%

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About The Author: RBR+TVBR has been reporting on the business of broadcasting for nearly three decades. Beholden to no one, it is independently owned.

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