Broadcast stocks slip on oil slick

By on Nov, 4 2014 with Comments 0

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.

Winners
Salem, up 2.6%
Beasley, up 0.2%

Losers
Cumulus, down 5.9%
SBS, down 5.3%
Radio One, down 5.2%

Stocks-110414A

 

 

 

 

 

 

 

 

 

 

 

Stocks-110414B

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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