Broadcast outperforms Wall Street
The major indexes came in very near to on par with Tuesday results, so it was a positive for radio and television stocks to do somewhat getter. Radio overall improved two-thirds of a percent, and television was a hair less than one percent even. SBS was the top broadcast stock of the day.
The RBR Radio Index rose 5.262, or 0.7%, to 804.921.
The TVBR Television Index rose 7.916, or 1.0%, to 818.157.
SBS, up 4.2%
Entravision, up 3.1%
Radio One, up 3.0%
LIN TV, down 1.1%
Salem, down 1.1%
Entercom, down 0.9%