Broadcasters can blame Putin for stock slip

By on Aug, 28 2014 with Comments 0

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.

Winners
LIN TV, up 1.4%
Beasley, up 0.5%
Entravision, up 0.2%

Losers
CC Media, down 5.1%
SBS, down 4.4%
Radio One, down 3.3%

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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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