Broadcasters fail to follow the market
And that’s too bad, because the general market was up on Friday. On average broadcast stocks could not say the same thing. In particular, one Hispanic stock on the radio and on the TV side had very rough days.
The RBR Radio Index rose fell 5.550, or 0.8%, to 714.427.
The TVBR Television Index rose fell 11.214, or 1.2%, to 902.212.
Radio One, up 2.4%
Beasley, up 2.2%
Fox, up 2.0%
Entravision, down 9.4%
SBS, down 8.4%
Saga, down 2.7%