Broadcast stocks miss out on midterm enthusiasm

By on Nov, 5 2014 with Comments 0

Wall Street was believed to be pleased with results of the midterm elections, in which Republicans gained control of both houses of Congress. Broadcasters were up, don’t get us wrong, just not by very much.

The RBR Radio Index rose 3.25, or 0.5%, to 713.371.

The TVBR Television Index rose 0.571, or 0.6%, to 793.999.

Winners
Entravision, up 3.5%
Gray, up 3.1%
Salem, up 2.8%

Losers
Sinclair, down 3.8%
Nexstar, down 3.3%
Radio One, down 2.9%

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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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