Broadcasters can blame Putin for stock slip
The Wall Street watching community decided that tensions between Russia and Ukraine was the cause of skittish trading behavior on their street of choice, and broadcast issues tumbled a bit right along with them, radio much more so than TV. LIN, with its new CBS contract, was the star of the day with a small increase.
The RBR Radio Index fell 16.855, or 2.1%, to 786.066.
The TVBR Television Index fell 5.481, or 0.7%, to 812.676.
LIN TV, up 1.4%
Beasley, up 0.5%
Entravision, up 0.2%
CC Media, down 5.1%
SBS, down 4.4%
Radio One, down 3.3%