Broadcast stocks slip on oil slick
The Wall Street headline writers said troubles with crude oil prices caused a mixed day in the markets, but it wasn’t so mixed for broadcasters, who as a general rule produced a series of pratfalls. Salem was a notable exception.
The RBR Radio Index fell 17.196, or 2.4%, to 710.166.
The TVBR Television Index fell 21.370, or 2.6%, to 793.428.
Salem, up 2.6%
Beasley, up 0.2%
Cumulus, down 5.9%
SBS, down 5.3%
Radio One, down 5.2%