Broadcast stocks are static despite Wall Street gain
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.
Entercom, up 1.6%
Nexstar, up 1.4%
Entravision, up 0.7%
Cumulus, down 1.8%
Gray, down 1.7%
SBS, down 1.4%