Broadcast stocks come up for air
According to the scribes who try to explain market behavior every day, Wall Street rallied then tumbled. But from the broadcast perspective, it looks like most companies participated in the rally and were able to bypass the tumbling part. Lots of plus signs today, only two minus signs!
The RBR Radio Index rose 17.002, or 2.6%, to 665.553.
The TVBR Television Index rose 21.519, or 3.1%, to 722.256.
Radio One, up 7.9%
Entravision, up 5.6%
Cumulus, up 4.3%
Emmis, down 0.5%
Beasley, down 0.5%