Broadcast stocks continue a hot streak
Wall Street was said to have started slow and rebounded all the way back to almost flat, but for broadcasters, it was the third day in a row of big gains. And most impressive of all – we have no volunteers for the losers chart – it was all black ink, all the time for the air sellers.
The RBR Radio Index rose 26.486, or 3.9%, to 713.643.
The TVBR Television Index rose 17.133, or 2.3%, to 758.632.
Cumulus, up 8.5%
Salem, up 8.5%
Gray, up 6.4%