Broadcasters do as the Europeans do
There was a stock rally in Europe on optimism about a stimulus plan, and that was reason enough for US stocks to rise at list a little. Broadcast stocks were happy to follow suit, for the most part.
The RBR Radio Index rose 10.896, or 1.5%, to 725.889.
The TVBR Television Index rose 22.546, or 2.7%, to 863.371.
Beasley, up 6.0%
Entravision, up 5.9%
Cumulus, up 5.9%
Radio One, down 8.7%
LIN TV, down 0.08%
CBS, down 0.04%