Broadcast fails to capitalize on up market
US GDP for Q2 was adjusted upward, and stock traders celebrated by bumping the overall market upward as well, but once again, publicly traded broadcast companies failed to get the memo. But overall, the loss was tiny.
The RBR Radio Index fell 1.173, or 0.2%, to 737.545.
The TVBR Television Index fell 0.220, or 0.03%, to 737.766.
Radio One, up 2.4%
CBS, up 1.3%
Cumulus, up 1.0%
Beasley, down 2.9%
Emmis, down 1.9%
Gray, down 1.7%