Broadcast stocks grow as others fall
Concerns about global stability and fears that many stocks are overpriced were said to have driven many to the more stable bond market. But for broadcasters, Wednesday was the second very good day in a row. Again, only two issues had to dip into the red ink at the end of the day, and SBS as up double-digits.
The RBR Radio Index rose 21.604, or 3.3%, to 687.157.
The TVBR Television Index rose 19.243, or 2.7%, to 741.499.
SBS, up 11.0%
Radio One, up 8.6%
Nexstar, up 4.8%
Beasley, down 1.7%
Salem, down 1.3%