Broadcast outperforms Wall Street

By on Aug, 27 2014 with Comments 0

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.

Winners
SBS, up 4.2%
Entravision, up 3.1%
Radio One, up 3.0%

Losers
LIN TV, down 1.1%
Salem, down 1.1%
Entercom, down 0.9%

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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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