Broadcast fails to capitalize on up market

By on Sep, 28 2014 with Comments 0

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.

Winners
Radio One, up 2.4%
CBS, up 1.3%
Cumulus, up 1.0%

Losers
Beasley, down 2.9%
Emmis, down 1.9%
Gray, down 1.7%

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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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