Broadcast stocks are static despite Wall Street gain

By on Sep, 7 2014 with Comments 0

Another encouraging report on US employment levels fueled a bit of a surge in stock trading Friday, but you’d barely notice that if you limited your focus to broadcast issues. Television stocks were up, but less than a single percentage point, and radio actually slipped a little bit.

The RBR Radio Index fell 2.170, or 0.3%, to 789.895.

The TVBR Television Index rose 0.685, or 0.1%, to 810.359.

Winners
Entercom, up 1.6%
Nexstar, up 1.4%
Entravision, up 0.7%

Losers
Cumulus, down 1.8%
Gray, down 1.7%
SBS, down 1.4%

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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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