Broadcast stocks enjoy post-holiday bliss

By on Dec, 28 2014 with Comments 0

The markets opened on the day after Christmas and although trading was said to be quiet, most broadcast stocks did very well. SBS enjoyed a big surge, while iHeart had a case of the blues.

The RBR Radio Index rose 16.254, or 2.3%, to 710.230.

The TVBR Television Index rose 7.307, or 0.8%, to 919.555.

Winners
SBS, up 18.6%
Saga, up 5.3%
Radio One, up 3.6%

Losers
iHeart, down 9.6%
Entercom, down 0.7%
n/a

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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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