Broadcast stocks have a happy Friday
Well, it wasn’t all THAT happy, but up is better than down, right? Radio had a decidedly better day than television, with members of the RBR chart just missing a 1% gain (it was 1% exactly if you use the magic of rounding up) and led by Radio One. Television was up marginally.
The RBR Radio Index rose 6.742, or 1.0%, to 717.817.
The TVBR Television Index rose 1.569, or 0.2%, to 802.161.
Radio One, up 4.8%
Nexstar, up 3.1%
Cumulus, up 2.9%
Entercom, down 1.8%
Gray, down 1.4%
Sinclair, down 1.1%